The Greater China Update - 3rd Quarter 2014

By Ciao Liu, PuReaNae Jang and Steven Zhu

While declines in inbound tourism in mainland China abated, mainland Chinese outbound tourism to Hong Kong and Macau slowed. Hong Kong received 13.8 million visitors in the second quarter of 2014, reflecting a 9.6% yearon-year (YOY) growth from the same period in 2013. The single-digit increase in visitor arrivals was mainly attributable to the lacklustre growth in the dominant mainland Chinese market.

Development Asia Pacific China Hong Kong

Ciao Liu is an analyst with the HVS Hong Kong (Shenzhen) office, specialising in Consulting & Valuation. Prior to joining HVS, Ciao gained experience in Sales and Front-of-House roles with the Ritz-Carlton, Conrad, InterContinental and Ramada brands, primarily during hotel opening periods.

HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe.

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