CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Unleashing Retail Innovation: Discovering The New Edges For Hong Kong

Rosanna Tang • 21/11/2023
Hong Kong Experiential Retail Report 2023
 
Since Hong Kong’s border reopening and the gradual return of mainland China and international travelers, the city's retail landscape has undergone a transformation. The preferences of inbound tourists have shifted from a sole focus on shopping towards a greater emphasis on experiential retail and social media-driven activities. At the same time, the spending habits of Hong Kong locals have been changing, with a recent reverse trend of Hongkongers heading north to neighboring GBA cities for leisure and shopping.
 
In this report, we examine the trends and statistics surrounding the evolving retail preferences of both tourists and locals, including the growth of e-commerce and the rise of wellness focused offerings. We also explore the outbound spending habits of Hong Kong people and draw insights from mainland China and overseas retail malls to identify growth prospects. 
 
As we navigate this changing retail landscape, our report looks at the opportunities that lie ahead for the Hong Kong retail market, especially around the experiential retail segment, and including cultural and sports elements. We then identify and illustrate successful case studies for market stakeholders to consider. We believe it will require a collaborative effort from retailers, landlords and the government to introduce new retail experiences and to enhance Hong Kong’s competitiveness as “Asia’s World City."
 

RECENT INSIGHTS

developing-kai-tak-as-the-next-commercial-hub-in-hong-kong
MarketBeat

Hong Kong MarketBeat

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.  
Rosanna Tang • 05/07/2024
taiwans-overall-office-vacancy-rate-in-q3-marks-the-lowest-of-the-past-10-years
MarketBeat

Taipei MarketBeat

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Eason Lee • 04/07/2024
Shenzhen (image)
MarketBeat

Shenzhen MarketBeat

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Xiaoduan Zhang • 28/06/2024

How can we help?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS