Narrative Update • May 25
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Hong Kong (HSI) Hospitality Industry Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies91
- 7D-4.2%
- 3M-15.8%
- 1Y-30.3%
- YTD-22.0%
Over the last 7 days, the Hospitality industry has dropped 4.2%, driven by a pullback from Meituan of 5.1%. Meanwhile, Haichang Ocean Park Holdings actually outperformed within the industry, gaining 8.2% in the last week. However, the industry is down 30% over the past year. Earnings are forecast to grow by 35% annually.
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, 27 May 2026 | HK$1.2t | HK$920.5b | HK$17.9b | 15x | 68.9x | 1.3x |
| Fri, 24 Apr 2026 | HK$1.3t | HK$915.1b | HK$17.9b | 17x | 74.9x | 1.5x |
| Sun, 22 Mar 2026 | HK$1.4t | HK$890.8b | HK$37.7b | 15x | 35.9x | 1.5x |
| Tue, 17 Feb 2026 | HK$1.4t | HK$851.4b | HK$30.4b | 17.5x | 46.9x | 1.7x |
| Thu, 15 Jan 2026 | HK$1.5t | HK$840.7b | HK$30.3b | 17x | 50.3x | 1.8x |
| Sat, 13 Dec 2025 | HK$1.5t | HK$833.2b | HK$30.1b | 17.2x | 50.7x | 1.8x |
| Mon, 10 Nov 2025 | HK$1.5t | HK$823.3b | HK$64.1b | 16.6x | 23.4x | 1.8x |
| Wed, 08 Oct 2025 | HK$1.5t | HK$824.1b | HK$64.1b | 16.2x | 22.7x | 1.8x |
| Fri, 05 Sep 2025 | HK$1.4t | HK$823.9b | HK$64.1b | 16.5x | 22.2x | 1.7x |
| Sun, 03 Aug 2025 | HK$1.7t | HK$807.1b | HK$72.2b | 18x | 22.9x | 2.1x |
| Tue, 01 Jul 2025 | HK$1.7t | HK$811.0b | HK$72.6b | 17.2x | 22.8x | 2x |
| Thu, 29 May 2025 | HK$1.7t | HK$808.3b | HK$72.4b | 14.9x | 23.4x | 2.1x |
| Sat, 26 Apr 2025 | HK$1.6t | HK$772.8b | HK$64.6b | 14.2x | 24.3x | 2x |
| Mon, 24 Mar 2025 | HK$1.8t | HK$773.5b | HK$66.4b | 17.9x | 27.4x | 2.4x |
| Wed, 19 Feb 2025 | HK$1.5t | HK$688.4b | HK$48.4b | 16.7x | 31.4x | 2.2x |
| Fri, 17 Jan 2025 | HK$1.3t | HK$676.4b | HK$46.9b | 16.3x | 28.5x | 2x |
| Sun, 15 Dec 2024 | HK$1.5t | HK$674.6b | HK$46.6b | 17.3x | 31.5x | 2.2x |
| Tue, 12 Nov 2024 | HK$1.6t | HK$659.0b | HK$36.8b | 16.7x | 43.5x | 2.4x |
| Thu, 10 Oct 2024 | HK$1.6t | HK$668.9b | HK$35.1b | 17.5x | 45.7x | 2.4x |
| Sat, 07 Sep 2024 | HK$1.1t | HK$669.4b | HK$35.3b | 14.6x | 32.4x | 1.7x |
| Mon, 05 Aug 2024 | HK$1.1t | HK$624.7b | HK$29.5b | 12.7x | 35.7x | 1.7x |
| Wed, 03 Jul 2024 | HK$1.2t | HK$618.2b | HK$29.3b | 13.6x | 39.9x | 1.9x |
| Fri, 31 May 2024 | HK$1.2t | HK$604.3b | HK$29.1b | 13.7x | 41.3x | 2x |
| Sun, 28 Apr 2024 | HK$1.2t | HK$602.3b | HK$29.2b | 14.2x | 42.7x | 2.1x |
| Tue, 26 Mar 2024 | HK$1.1t | HK$575.2b | HK$23.4b | 12.8x | 46.2x | 1.9x |
| Thu, 22 Feb 2024 | HK$981.7b | HK$526.4b | HK$7.9b | 11x | 124.3x | 1.9x |
| Sat, 20 Jan 2024 | HK$892.0b | HK$530.2b | HK$7.7b | 11.5x | 116.6x | 1.7x |
| Mon, 18 Dec 2023 | HK$1.0t | HK$529.5b | HK$7.6b | 12.2x | 136.6x | 2x |
| Wed, 15 Nov 2023 | HK$1.2t | HK$502.4b | HK$4.0b | 13.5x | 301.6x | 2.4x |
| Fri, 13 Oct 2023 | HK$1.3t | HK$502.5b | HK$4.0b | 15.2x | 336.7x | 2.7x |
| Sun, 10 Sep 2023 | HK$1.4t | HK$501.2b | HK$3.7b | 17.8x | 381.3x | 2.8x |
| Tue, 08 Aug 2023 | HK$1.6t | HK$449.5b | -HK$19,791,445,672.00 | 16.2x | -80.5x | 3.5x |
| Thu, 06 Jul 2023 | HK$1.4t | HK$446.8b | -HK$20,020,163,274.00 | 16.6x | -70.2x | 3.1x |
| Sat, 03 Jun 2023 | HK$1.4t | HK$455.1b | -HK$21,502,172,209.00 | 21.6x | -64.8x | 3.1x |
Price to Earnings Ratio
-64.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Hospitality industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 68.9x which is higher than its 3-year average PE of 59.7x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.3x.
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 26% 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 | -1.09% | |
| Consumer Discretionary | -1.34% | |
| Hospitality | -4.21% | |
| Leisure Facilities | 7.56% | |
| Hotels, Resorts and Cruise Lines | -3.13% | |
| Casinos and Gaming | -4.19% | |
| Restaurants | -4.46% | |
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 14.3%, which is higher than its past year's earnings decline of 14.8% 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 | |
|---|---|---|---|---|---|
| 999 Xiaocaiyuan International Holding | HK$7.05 | 6.8% +HK$529.4m | -17.1% | PE10x | |
| 3918 NagaCorp | HK$4.08 | 2.0% +HK$353.8m | 15.3% | PE7.4x | |
| 2282 MGM China Holdings | HK$10.45 | 0.8% +HK$304.0m | -6.7% | PE7.8x | |
| 8120 China Demeter Financial Investments | HK$2.56 | 46.3% +HK$131.7m | 524.4% | PS4.8x | |
| 308 China Travel International Investment Hong Kong | HK$1.22 | 0.8% +HK$55.4m | 18.4% | PE30.6x |