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The paradox of positioning Hong Kong as a 'shopping paradise'

2020-11-13

Hong Kong's tourism industry development has already undergone a bottleneck long before the epidemic. Unless there is a breakthrough innovation, the industry will lose its competitiveness gradually. To step forward, Hong Kong should review its position as a ‘shoppers’ paradise’.


Pain points holding Hong Kong’s tourism back: Overloading and over-reliance on single visitor source market

2020-11-06

In Hong Kong, the tourism industry has entered a harsh winter due to the COVID-19 pandemic. However, according to the Centre’s latest research, the city’s tourism has already experienced stagnation of its life-cycle since last year. The ‘imbalance between tourists and residents’ and ‘reliance on a single visitor source market’ form part of the barriers to breakthrough. This article will identify appropriate policy directions to revitalise the industry.


Tourism recovery is still unknown in the post-pandemic world

2020-10-28

The tourism industry in Hong Kong is suffering from the COVID-19 outbreak. Tourism practitioners could only look forward to returning to ‘business as usual’ after the epidemic. However, after analysing the development of Hong Kong’s tourism industry in the past 20 years, the Centre found that it has already encountered a bottleneck. To help the industry revive, Hong Kong should look squarely into its own problems while facing fierce competition from global tourist destinations.


Learning from crises: Tapping into a sustainable tourism ecosystem

2020-10-22

The Centre released a study ‘Charting the industry's way forward: Ups and Downs of Hong Kong Tourism Development in the past 20 years’, examining the inbound tourism statistics from 2000 to 2019, analysing the trends and changes from the perspective of destination life-cycle (DLC) and integrating with external and domestic situations. Key vision-driven directions for reconstructing Hong Kong’s tourism industry are recommended.


COVID-19 recovery: Can adding new public holidays boost consumption?

2020-10-09

The COVID-19 crisis is hitting the global economy hard. The U.K., New Zealand and Thailand have been considering adding new public holidays for citizens, in the hope of stimulating the economy by providing them with extra time and mood to spend.. Can Hong Kong turn this idea into a new driving force behind the local consumer market?


The new normal in retail industry

2020-09-23

The COVID-19 pandemic has reshaped consumer behaviours. Some retail experts believe that such new shopping habits will persist well beyond the pandemic and define a ‘new normal’ for the industry. How should the struggling retail stores prepare themselves to ride out the pandemic storm?


Work from anywhere: The rise of digital nomads in post-pandemic future

2020-09-21

Many enterprises have arranged for employees to work from home during the COVID-19 outbreak, proving that certain duties do not have to be performed in the offices. It is believed that the idea of ‘work from anywhere’ will become more popular, even spawning a group of digital nomads who work remotely while travelling around the world in future. This article explores the impact of new remote work model on the labour market.



Is Hong Kong ready to become a leading hub for family offices?

2020-09-14

While the number of Asian billionaires setting up family offices to transfer their family wealth to the next generation is rising, Financial Services Development Council has published a study report recently to promote Hong Kong as an international hub for family offices. This article will analyse the advantages and challenges of developing family office business in Hong Kong.


What travel will look like when Hong Kong eases travel restrictions?

2020-09-09

The local tourism industry has been in the doldrums as a result of coronavirus pandemic. Yet, the sector should not sit there waiting for the storm to pass. With reference to the situation in Mainland China and overseas where have eased travel restrictions gradually as well as the forecasts by foreign travel veterans, this article introduces four tourism trends that may appear when Hong Kong eases restrictions on travel, in a bid to help the industry prepare ahead.