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
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
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
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.