Hong Kong (HSI) Hospitality Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Hospitality Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 12 Jul 2026	HK$1.2t	HK$927.0b	-HK$1,442,430,770.40	14.7x	-801.6x	1.2x
Tue, 09 Jun 2026	HK$1.2t	HK$928.1b	-HK$1,701,935,978.96	15.1x	-709.3x	1.3x
Thu, 07 May 2026	HK$1.3t	HK$917.7b	HK$17.9b	16.8x	73.6x	1.4x
Sat, 04 Apr 2026	HK$1.3t	HK$911.9b	HK$17.8b	16x	74.6x	1.5x
Mon, 02 Mar 2026	HK$1.4t	HK$860.1b	HK$31.7b	16.5x	43.7x	1.6x
Wed, 28 Jan 2026	HK$1.5t	HK$842.8b	HK$30.4b	17.3x	50x	1.8x
Fri, 26 Dec 2025	HK$1.5t	HK$835.8b	HK$30.1b	16.6x	51x	1.8x
Sun, 23 Nov 2025	HK$1.4t	HK$824.9b	HK$64.3b	16x	22.5x	1.8x
Tue, 21 Oct 2025	HK$1.5t	HK$822.9b	HK$64.0b	17.3x	22.7x	1.8x
Thu, 18 Sep 2025	HK$1.5t	HK$824.8b	HK$64.2b	16.9x	23x	1.8x
Sat, 16 Aug 2025	HK$1.7t	HK$808.0b	HK$73.3b	18.3x	22.8x	2.1x
Mon, 14 Jul 2025	HK$1.7t	HK$810.4b	HK$72.6b	18.4x	23.3x	2.1x
Wed, 11 Jun 2025	HK$1.8t	HK$809.5b	HK$72.6b	15.3x	24.4x	2.2x
Fri, 09 May 2025	HK$1.7t	HK$780.5b	HK$65.5b	15.2x	26.3x	2.2x
Sun, 06 Apr 2025	HK$1.8t	HK$774.3b	HK$64.8b	15.5x	27x	2.3x
Tue, 04 Mar 2025	HK$1.7t	HK$769.8b	HK$61.4b	18.2x	28.2x	2.3x
Thu, 30 Jan 2025	HK$1.4t	HK$682.2b	HK$47.4b	16.5x	28.6x	2x
Sat, 28 Dec 2024	HK$1.4t	HK$676.7b	HK$47.0b	17.3x	30.2x	2.1x
Mon, 25 Nov 2024	HK$1.4t	HK$658.4b	HK$36.8b	15.3x	39.3x	2.2x
Wed, 23 Oct 2024	HK$1.6t	HK$665.4b	HK$34.9b	15.9x	45.1x	2.4x
Fri, 20 Sep 2024	HK$1.2t	HK$670.8b	HK$35.4b	13.5x	34.7x	1.8x
Sun, 18 Aug 2024	HK$1.1t	HK$631.6b	HK$30.2b	12.3x	35.3x	1.7x
Tue, 16 Jul 2024	HK$1.2t	HK$618.4b	HK$29.3b	13.4x	40.9x	1.9x
Thu, 13 Jun 2024	HK$1.2t	HK$618.5b	HK$31.2b	12.9x	39.6x	2x
Sat, 11 May 2024	HK$1.3t	HK$603.0b	HK$29.1b	14.7x	44.2x	2.1x
Mon, 08 Apr 2024	HK$1.1t	HK$598.1b	HK$28.2b	13.5x	40.4x	1.9x
Wed, 06 Mar 2024	HK$1.0t	HK$540.6b	HK$14.5b	13.2x	69.6x	1.9x
Fri, 02 Feb 2024	HK$870.7b	HK$526.7b	HK$7.5b	11.2x	115.8x	1.7x
Sun, 31 Dec 2023	HK$1.0t	HK$530.9b	HK$7.7b	12.6x	134x	1.9x
Tue, 28 Nov 2023	HK$1.2t	HK$509.9b	HK$4.9b	14x	249.9x	2.4x
Thu, 26 Oct 2023	HK$1.2t	HK$501.6b	HK$4.0b	14.9x	314.3x	2.5x
Sat, 23 Sep 2023	HK$1.4t	HK$502.2b	HK$3.7b	17.7x	371.4x	2.8x
Mon, 21 Aug 2023	HK$1.5t	HK$456.2b	-HK$15,710,341,243.00	15.4x	-92.5x	3.2x
Wed, 19 Jul 2023	HK$1.5t	HK$449.8b	-HK$19,984,132,965.00	15.9x	-72.8x	3.2x

Current Industry PE

Investors are pessimistic on the Hong Kong Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Hospitality industry have improved over the last three years.
Revenues for these companies have grown 27% per year.
This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?


HK Market	1.31%
Consumer Discretionary	1.21%
Hospitality	3.14%
Restaurants	4.10%
Hotels, Resorts and Cruise Lines	2.02%
Casinos and Gaming	1.47%
Leisure Facilities	-2.07%

Industry PE

Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry which is trading above its 3-year average PE ratio.

Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings decline of 11.5% per year.

Forecasted Growth

Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 79% over the next 5 years.

In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
3690 Meituan	HK$78.70	9.9% +HK$43.8b	-34.4%	PS1.1x
27 Galaxy Entertainment Group	HK$31.48	4.3% +HK$5.7b	-18.4%	PE12.9x
780 Tongcheng Travel Holdings	HK$12.51	3.8% +HK$1.1b	-40.4%	PE10.1x
2282 MGM China Holdings	HK$10.48	1.7% +HK$684.0m	-32.6%	PE7.8x
2408 Guangzhou Xiao Noodles Catering Management	HK$3.55	18.3% +HK$386.3m	n/a	PE21.1x

Company

Last Price

Valuation

3690 Meituan

HK$78.70

9.9%
+HK$43.8b

-34.4%

PS1.1x

27 Galaxy Entertainment Group

HK$31.48

4.3%
+HK$5.7b

-18.4%

PE12.9x

780 Tongcheng Travel Holdings

HK$12.51

3.8%
+HK$1.1b

-40.4%

PE10.1x

2282 MGM China Holdings

HK$10.48

1.7%
+HK$684.0m

-32.6%

PE7.8x

2408 Guangzhou Xiao Noodles Catering Management

HK$3.55

18.3%
+HK$386.3m

n/a

PE21.1x

Tongcheng Travel Holdings Limited Announces Board and Committee Changes, Effective July 10, 2026

Tongcheng Travel Holdings Limited announced that Mr. Xie Qing Hua resigned from his positions as the non-executive Director and the member of the Audit Committee with effect from July 10, 2026 due to his other work commitment. Mr. Xie confirmed that he had no disagreement with the Board and there were no other matters with respect to his resignation that needed to be brought to the attention of the shareholders of the Company. Tongcheng Travel Holdings Limited announced that Ms. Li Huan Na was appointed as a non-executive Director and a member of the Audit Committee with effect from July 10, 2026. Ms. Li, aged 44, joined Tencent Holdings Limited in May 2011, and currently served as the head of treasury department of Tencent. Prior to that, Ms. Li served as an assurance manager in PricewaterhouseCoopers from 2004 to 2011. Ms. Li was a Chartered Financial Analyst (CFA), a Certified Accountant of China (CICPA), and a Certified Accountant of Australia (CPA Australia). Ms. Li obtained a bachelor’s degree in accounting and a minor bachelor’s degree in English from Sun Yat-Sen University in 2004. Upon her appointment, Ms. Li entered into a service contract with the Company as a non-executive Director for an initial term of one year, commencing from July 10, 2026. She would hold office until the next following annual general meeting of the Company after her appointment and would thereafter be subject to retirement by rotation and re-election in accordance with the provisions of the articles of association of the Company.

Hong Kong (HSI) Hospitality Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Co-Founder recently sold HK$3.2m worth of stock

Tongcheng Travel Holdings Limited Announces Board and Committee Changes, Effective July 10, 2026

Non-Executive Director recently sold HK$1.7m worth of stock

1405: Store Expansion Into Lower Tier Cities Will Drive Future Upside

Shangri-La Asia Limited Announces Resignation of CHUA Chee Wui from Executive Director, Group Chief Investment Officer, and Executive Committee Member, Effective July 8, 2026

Now 22% overvalued

Investor sentiment deteriorates as stock falls 15%

Galaxy Entertainment Group Limited Announces Change of Company Secretary, Effective July 1, 2026

Investor sentiment deteriorates as stock falls 23%

Guming Holdings Limited Approves Final Dividend for the Year Ended December 31, 2025

Insufficient new directors

MIXUE Group, Annual General Meeting, Jun 26, 2026

CEO & Executive Chairman of the Board recently bought HK$152m worth of stock

Here's Why We Think MGM China Holdings (HKG:2282) Might Deserve Your Attention Today

Upcoming dividend of HK$0.50 per share

First half 2026 earnings released: EPS: HK$0.044 (vs HK$0.038 in 1H 2025)