Growth Projections for Hong Kong Tourism: Opportunities and Challenges Ahead

The Hong Kong tourism market, valued at an estimated USD 16 billion in 2022, is expected to experience significant growth over the next decade, with a projected compound annual growth rate (CAGR) of 10%. By 2032, the market valuation is set to soar to USD 41.5 billion, driven by an increase in international arrivals, government-backed tourism initiatives, and the nation’s continued infrastructural advancements.