The Greater China Update – 4th Quarter 2013
By Daniel J. Voellm, Managing Partner HVS Asia Pacific
elsewhere in the Asia-Pacific region; however, China's inbound tourism has struggled. Hong Kong received 14.5 million visitors in the third quarter of 2013, reflecting an 11.1% year-on-year (YOY) growth from 2012. Mainland China continued to be the largest source market, accounting for 77.8% of visitor arrivals (11.3 million), up 15.8% YOY. Russia posted the highest YOY growth of 22.0% among source markets, aided by increasing numbers of outbound Russian travellers with higher disposable incomes and a relatively stable economy.
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