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Hong Kong, the World's Top City for Tourism Purposes

Written by: Editor

Hong Kong is the top destination at a world level for touristic purposes. In 2015, Hong Kong received 26.7 million foreign tourists and thus, the investors who are interested in opening a company in Hong Kong can benefit from the effects of this positive trend. It is necessary to know that businesses which operate in this field have to obtain a set of special permits and licenses, issued by relevant authorities for the specific activities the company will develop. Our team of specialists in company formation in Hong Kong can offer assistance on the requirements applicable to foreign businessmen. 
 

Tourism in Hong Kong in 2015  

 
Hong Kong represents the top city destination at a global level when referring to the foreign tourists arrivals. An important aspects for those who are interested in company formation in Hong Kong as a tour operator or any other type of business providing services for tourists is that the city maintained its first rank for the seventh consecutive year
 

Tourism, a pillar field for the local economy 

 
Tourism is an important sector for the economy of Hong Kong. For example, in 2014, the tourism industry contributed by 5% to the country’s Gross Domestic Product. Its importance is also revealed by the number of persons employed in this industry which accounts for 271,800 persons. This value represents 7.2% of the total workforce in Hong Kong.
 
Investors can find out more details from our team of Hong Kong company formation agents on the legislation referring to employment in this jurisdiction
 
Foreign investors who consider opening a company in Hong Kong can also enter the accommodation market, which is comprised at the moment of 257 hotels (at the level of March 2016). All together, the accommodation units in Hong Kong offer 74.000 rooms. 
 
When referring to the tourism industry in Hong Kong, it is also important to mention that the Mainland represents the main source of income, as more than 77% of the tourists prefer this region. 
 
The main institution regulating the tourism industry in Hong Kong is the Tourism Commission, created in 1999 in order to provide policies to sustain and further develop this field. 
 
We invite foreign entrepreneurs to address to our team of Hong Kong company formation representatives for any matter related to the legal aspects of the tourism industry
 

Comments

  • Brad 2017-02-03

    Hong Kong is a lovely destination, so I am not suprised to hear about this new record.

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