Exclusive insights from beauty leaders L’Occitane Group, Sa Sa International, G&M Cosmetics, Pretti5 shed light on the resilient Hong Kong beauty and personal care market and reveal why it remains a key market in Asia Pacific.
Hong Kong's current economic misery reminds me of the gloom during the 2003 SARS outbreak, only far worse this time. During SARS, property prices plunged, bars and restaurants were deserted, and
The Hong Kong Tourism Board (HKTB) announced provisional whole-year visitor arrivals of 34 million in 2023, with four million visiting in December. The Mainland remained the largest visitor source market, while Southeast Asian markets recovered quickly. Visitor arrivals from the Philippines and Thailand in December exceeded pre-pandemic levels.
As the success of other destinations shows, Hong Kong does not need to reinvent the wheel to attract mainland and foreign visitors. The combined efforts of Cathay Pacific and the MTR Corporation can help promote the city’s unique local character.