The majority or 34 million people arrived from Mainland China, whilst 10.5 million came from other regions.
Hong Kong’s hospitality sector saw a 31% surge in visitor numbers in 2024, welcoming 44.5 million tourists, according to Colliers.
In its report, Colliers noted that the majority, or 34 million, arrived from Mainland China, whilst 10.5 million came from other regions, including the Philippines, Taiwan, South Korea, the US, Thailand, and Japan.
Despite this strong influx, the city’s hotel industry faced challenges converting these arrivals into higher revenue.
Meanwhile, occupancy rates rose to 85%, a 3% YoY increase, yet Average Daily Rate (ADR) declined by 4.5% to $1,332.
The Revenue Per Available Room (RevPAR) also saw a…
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