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
Fri, 03 Jul 2026	HK$1.1t	HK$926.4b	-HK$1,566,348,367.78	14.5x	-693.4x	1.2x
Sun, 31 May 2026	HK$1.2t	HK$922.5b	HK$17.9b	15.1x	67.1x	1.3x
Tue, 28 Apr 2026	HK$1.3t	HK$916.6b	HK$17.9b	16.8x	73.6x	1.4x
Thu, 26 Mar 2026	HK$1.4t	HK$898.1b	HK$38.4b	14.7x	36.5x	1.6x
Sat, 21 Feb 2026	HK$1.4t	HK$851.5b	HK$30.4b	17.3x	46.2x	1.7x
Mon, 19 Jan 2026	HK$1.5t	HK$841.1b	HK$30.3b	17x	49.7x	1.8x
Wed, 17 Dec 2025	HK$1.5t	HK$833.7b	HK$30.1b	17x	49.7x	1.8x
Fri, 14 Nov 2025	HK$1.6t	HK$824.8b	HK$64.2b	16.7x	24.2x	1.9x
Sun, 12 Oct 2025	HK$1.4t	HK$822.9b	HK$64.0b	16.5x	22.3x	1.7x
Tue, 09 Sep 2025	HK$1.4t	HK$824.2b	HK$64.2b	16.8x	22.6x	1.8x
Thu, 07 Aug 2025	HK$1.7t	HK$809.1b	HK$72.4b	18.4x	23.2x	2.1x
Sat, 05 Jul 2025	HK$1.7t	HK$811.0b	HK$72.7b	17.4x	22.8x	2x
Mon, 02 Jun 2025	HK$1.7t	HK$807.8b	HK$72.4b	15x	23.9x	2.1x
Wed, 30 Apr 2025	HK$1.6t	HK$774.0b	HK$64.8b	14x	25x	2.1x
Fri, 28 Mar 2025	HK$1.8t	HK$771.9b	HK$66.5b	16.8x	26.8x	2.3x
Sun, 23 Feb 2025	HK$1.6t	HK$745.0b	HK$56.7b	16.7x	28.2x	2.1x
Tue, 21 Jan 2025	HK$1.4t	HK$677.2b	HK$47.0b	16.2x	29.5x	2x
Thu, 19 Dec 2024	HK$1.5t	HK$673.5b	HK$46.6b	16.9x	31.2x	2.2x
Sat, 16 Nov 2024	HK$1.5t	HK$657.7b	HK$36.6b	14.8x	40x	2.2x
Mon, 14 Oct 2024	HK$1.7t	HK$668.8b	HK$35.1b	18.1x	47.6x	2.5x
Wed, 11 Sep 2024	HK$1.1t	HK$667.4b	HK$35.1b	13.7x	32.1x	1.7x
Fri, 09 Aug 2024	HK$1.1t	HK$625.2b	HK$28.9b	12.1x	36.5x	1.7x
Sun, 07 Jul 2024	HK$1.2t	HK$618.4b	HK$29.3b	13.5x	41.1x	1.9x
Tue, 04 Jun 2024	HK$1.2t	HK$603.7b	HK$29.1b	13.6x	41.4x	2x
Thu, 02 May 2024	HK$1.2t	HK$602.3b	HK$29.2b	14x	41.1x	2x
Sat, 30 Mar 2024	HK$1.1t	HK$598.7b	HK$27.5b	10.9x	40.3x	1.9x
Mon, 26 Feb 2024	HK$1.0t	HK$525.9b	HK$8.0b	11.9x	126.5x	1.9x
Wed, 24 Jan 2024	HK$866.0b	HK$527.3b	HK$7.5b	11.4x	114.7x	1.6x
Fri, 22 Dec 2023	HK$999.8b	HK$528.3b	HK$7.6b	12.4x	132.1x	1.9x
Sun, 19 Nov 2023	HK$1.2t	HK$506.0b	HK$4.1b	14.1x	291.5x	2.4x
Tue, 17 Oct 2023	HK$1.3t	HK$502.3b	HK$4.0b	14.9x	326.8x	2.6x
Thu, 14 Sep 2023	HK$1.4t	HK$504.2b	HK$3.8b	17.8x	369.3x	2.8x
Sat, 12 Aug 2023	HK$1.5t	HK$448.1b	-HK$19,460,485,958.00	15.9x	-79.4x	3.5x
Mon, 10 Jul 2023	HK$1.4t	HK$448.0b	-HK$19,989,657,029.00	16x	-67.7x	3x

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	-2.90%
Consumer Discretionary	-2.40%
Hospitality	-1.63%
Leisure Facilities	-0.16%
Restaurants	-1.32%
Casinos and Gaming	-1.66%
Hotels, Resorts and Cruise Lines	-3.80%

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$70.85	7.2% +HK$29.3b	-42.3%	PS1x
1364 Guming Holdings	HK$21.18	1.6% +HK$808.6m	-18.9%	PE14x
999 Xiaocaiyuan International Holding	HK$6.91	5.5% +HK$423.5m	-35.9%	PE9.8x
1405 DPC Dash	HK$31.64	7.3% +HK$284.2m	-69.0%	PE25.4x
9869 Helens International Holdings	HK$1.90	11.1% +HK$229.4m	40.7%	PE58.5x

Tongcheng Travel Holdings Limited (SEHK:780) proposed to acquire Dida Inc. (SEHK:2559) from 5brothers Limited, Leap Profit Investment Limited, Smart Canvas Investment Limited, Star Celestial Holdings Limited, NBNW Investment Limited and other shareholders for HKD 1.4 billion.

Tongcheng Travel Holdings Limited (SEHK:780) proposed to acquire Dida Inc. (SEHK:2559) from 5brothers Limited, Leap Profit Investment Limited, Smart Canvas Investment Limited, Star Celestial Holdings Limited, NBNW Investment Limited and other shareholders for HKD 1.4 billion on June 29, 2026. A cash consideration valued at HKD 1.3875 per share will be paid by Tongcheng Travel Holdings Limited. The Share Offer Price represents a premium of approximately 12.8% over the closing price of HKD 1.23 per Share as quoted on the Stock Exchange on the Last Trading Day. Subject to the Share Offer becoming unconditional in all respects, following acceptance of the Option Offer, the relevant Options together with all rights attaching thereto will be entirely cancelled and renounced. The Offeror intends to finance all consideration payable by the Offeror under the Offers through a facility in the maximum amount of HKD 1.5 billion granted to the Offeror by China CITIC Bank International Limited. Pursuant to the Irrevocable Undertaking, each of the Undertaking Shareholders has undertaken to the Offeror to accept the Share Offer on or prior to the Closing Date in respect of all the Shares held by each of them, respectively, representing an aggregate of 551,148,534 Shares and approximately 53.70% of the issued share capital of the Company. The Offeror intends to maintain the Company’s listing on the Stock Exchange after the close of the Offers. The transaction is subject to approval by regulatory board / committee; the Offeror having received valid acceptances of the Share Offer; the Offeror having obtained all necessary consents, approvals, waivers and authorizations by the Relevant Authorities in connection with the Offers, and the Shares remaining listed and traded on the Stock Exchange. The Independent Board Committee will be established in accordance with Rule 2.1 of the Takeovers Code to advise and give recommendations to the Qualifying Shareholders, Option holders and RSU Holders as to whether the Offers are fair and reasonable and as to acceptance of the Offers. Nomura International Limited acted as financial advisor for Tongcheng Travel Holdings Limited.

Hong Kong (HSI) Hospitality Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Helens International Holdings Company Limited Announces Executive Changes, Effective July 1, 2026

Tongcheng Travel Holdings Limited (SEHK:780) proposed to acquire Dida Inc. (SEHK:2559) from 5brothers Limited, Leap Profit Investment Limited, Smart Canvas Investment Limited, Star Celestial Holdings Limited, NBNW Investment Limited and other shareholders for HKD 1.4 billion.

Non-Executive Deputy Chairman recently bought HK$2.5m worth of stock

SJM Holdings Limited Announces Chief Financial Officer Changes

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

Investor sentiment deteriorates as stock falls 23%

Meituan Announces Board and Committee Changes

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

Now 21% undervalued

Investor sentiment deteriorates as stock falls 17%

Insufficient new directors

MIXUE Group, Annual General Meeting, Jun 26, 2026

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

Upcoming dividend of HK$0.50 per share

Best Food Holding Company Limited, Annual General Meeting, May 28, 2026

Xiaocaiyuan International Holding Ltd. Declares Final Dividend for the Year Ended December 31, 2025, Payable on May 11, 2026