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Hong Kong (HSI) Hospitality Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies87
- 7D-1.6%
- 3M-8.4%
- 1Y-22.5%
- YTD-8.2%
Over the last 7 days, the Hospitality industry has dropped 1.6%, driven by pullbacks in Sands China and MIXUE Group of 4.7% and 4.5%, respectively. Overall the industry is down 22% in 12 months. As for the next few years, earnings are expected to grow by 29% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 25 Feb 2026 | HK$1.4t | HK$854.2b | HK$30.5b | 17.3x | 46x | 1.6x |
| Fri, 23 Jan 2026 | HK$1.5t | HK$840.6b | HK$30.3b | 17.5x | 49.9x | 1.8x |
| Sun, 21 Dec 2025 | HK$1.5t | HK$833.8b | HK$30.1b | 17.1x | 50.5x | 1.8x |
| Tue, 18 Nov 2025 | HK$1.5t | HK$824.2b | HK$64.2b | 16.6x | 23.8x | 1.9x |
| Thu, 16 Oct 2025 | HK$1.5t | HK$822.7b | HK$64.0b | 17.4x | 23.5x | 1.8x |
| Sat, 13 Sep 2025 | HK$1.4t | HK$823.9b | HK$64.1b | 16.9x | 22.2x | 1.7x |
| Mon, 11 Aug 2025 | HK$1.7t | HK$807.8b | HK$72.6b | 18.7x | 23.2x | 2.1x |
| Wed, 09 Jul 2025 | HK$1.7t | HK$810.0b | HK$72.6b | 18.5x | 23.5x | 2.1x |
| Fri, 06 Jun 2025 | HK$1.8t | HK$809.9b | HK$72.7b | 15.1x | 24.6x | 2.2x |
| Sun, 04 May 2025 | HK$1.6t | HK$773.2b | HK$64.8b | 14.4x | 25.1x | 2.1x |
| Tue, 01 Apr 2025 | HK$1.7t | HK$777.0b | HK$66.4b | 15.5x | 26.2x | 2.2x |
| Thu, 27 Feb 2025 | HK$1.7t | HK$744.8b | HK$56.7b | 17.8x | 29.7x | 2.3x |
| Sat, 25 Jan 2025 | HK$1.4t | HK$682.1b | HK$47.4b | 16.4x | 28.5x | 2x |
| Mon, 23 Dec 2024 | HK$1.4t | HK$677.9b | HK$47.1b | 17.8x | 30.8x | 2.1x |
| Wed, 20 Nov 2024 | HK$1.5t | HK$657.0b | HK$36.6b | 16.1x | 40.6x | 2.3x |
| Fri, 18 Oct 2024 | HK$1.5t | HK$665.4b | HK$34.9b | 17x | 42.4x | 2.2x |
| Sun, 15 Sep 2024 | HK$1.1t | HK$669.3b | HK$35.3b | 13.2x | 32.3x | 1.7x |
| Tue, 13 Aug 2024 | HK$1.0t | HK$624.9b | HK$28.9b | 12.1x | 36.1x | 1.7x |
| Thu, 11 Jul 2024 | HK$1.2t | HK$617.7b | HK$29.3b | 13.1x | 39.7x | 1.9x |
| Sat, 08 Jun 2024 | HK$1.2t | HK$619.2b | HK$31.2b | 13.5x | 38.8x | 2x |
| Mon, 06 May 2024 | HK$1.3t | HK$602.2b | HK$29.2b | 14.5x | 44.3x | 2.1x |
| Wed, 03 Apr 2024 | HK$1.1t | HK$597.9b | HK$28.2b | 12.3x | 40.8x | 1.9x |
| Fri, 01 Mar 2024 | HK$996.2b | HK$541.9b | HK$14.5b | 12.3x | 68.7x | 1.8x |
| Sun, 28 Jan 2024 | HK$890.2b | HK$528.1b | HK$7.6b | 11.7x | 117.4x | 1.7x |
| Tue, 26 Dec 2023 | HK$976.2b | HK$528.9b | HK$7.6b | 12.1x | 128.6x | 1.8x |
| Thu, 23 Nov 2023 | HK$1.2t | HK$508.8b | HK$4.3b | 14.4x | 291.1x | 2.4x |
| Sat, 21 Oct 2023 | HK$1.2t | HK$501.6b | HK$4.0b | 14.6x | 311.2x | 2.5x |
| Mon, 18 Sep 2023 | HK$1.4t | HK$503.9b | HK$3.8b | 17.8x | 373.1x | 2.8x |
| Wed, 16 Aug 2023 | HK$1.5t | HK$446.2b | -HK$19,446,737,634.00 | 16x | -77.3x | 3.4x |
| Fri, 14 Jul 2023 | HK$1.5t | HK$450.9b | -HK$19,985,320,648.00 | 16x | -74.7x | 3.3x |
| Sun, 11 Jun 2023 | HK$1.4t | HK$451.9b | -HK$21,364,253,274.00 | 17.3x | -66.9x | 3.2x |
| Tue, 09 May 2023 | HK$1.5t | HK$447.2b | -HK$32,043,370,625.00 | 17.1x | -47.4x | 3.4x |
| Thu, 06 Apr 2023 | HK$1.6t | HK$448.0b | -HK$30,989,384,441.00 | 17x | -50.5x | 3.5x |
| Sat, 04 Mar 2023 | HK$697.5b | HK$201.4b | -HK$28,865,907,155.00 | 22x | -24.2x | 3.5x |
Price to Earnings Ratio
-24.2x
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 industry is trading at a PE ratio of 46.0x which is lower than its 3-year average PE of 51.0x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 62% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | 0.44% | |
| Consumer Discretionary | -0.78% | |
| Hospitality | -1.61% | |
| Hotels, Resorts and Cruise Lines | -0.19% | |
| Restaurants | -1.52% | |
| Leisure Facilities | -1.84% | |
| Casinos and Gaming | -2.30% | |
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 18.5%, which is higher than its past year's earnings growth of 10.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 3.5% per year.
- In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 1364 Guming Holdings | HK$29.80 | 1.6% +HK$1.1b | 170.9% | PE26.3x | |
| 696 TravelSky Technology | HK$10.69 | 1.1% +HK$351.1m | -9.6% | PE12.8x | |
| 542 China Cultural Tourism and Agriculture Group | HK$1.71 | 14.0% +HK$321.5m | 677.3% | PS11x | |
| 1221 Sino Hotels (Holdings) | HK$1.80 | 12.5% +HK$237.6m | 28.6% | PE20.7x | |
| 3918 NagaCorp | HK$4.55 | 0.9% +HK$176.9m | 44.0% | PE9.9x |
