Welcome to

Hong Kong

Hong Kong provides some of the highest sales densities anywhere in the world. The market also boasts a highly sophisticated and wealthy local consumer base as well as close to 40 million tourists visiting annually. In 2014, the market saw a huge correction as tourists from mainland China curbed spending due to a government crackdown on gift-giving, leading retail revenues and rents in some of the main shopping streets to fall by up to 40 percent. Since the second half of 2017, however, the market has been recovering well with a rebound in spending from both tourists and local consumers. Hong Kong continues to be one of the most attractive locations for international retailers globally, and many see the rental declines as an opportunity to establish a presence in the city.

 
Population Icon
7.4 m
Total Population
GDP Icon
56,600
GDP per Capita (USD)
Source: JLL, Oxford Economics (May 2018)

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