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
Wed, 05 Aug 2026	HK$1.3t	HK$930.4b	-HK$1,350,638,377.53	14.9x	-955.5x	1.4x
Fri, 03 Jul 2026	HK$1.1t	HK$926.0b	-HK$1,410,102,353.23	14x	-781.1x	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

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 1.4x.

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	0.83%
Consumer Discretionary	2.39%
Hospitality	1.69%
Leisure Facilities	10.56%
Restaurants	2.92%
Hotels, Resorts and Cruise Lines	1.25%
Casinos and Gaming	-1.22%

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 14.1%, 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 9.9% 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$92.70	2.7% +HK$14.8b	-24.6%	PS1.3x
2097 MIXUE Group	HK$225.60	6.1% +HK$4.9b	-52.2%	PE12.5x
1364 Guming Holdings	HK$22.94	3.6% +HK$1.9b	-5.1%	PE15.1x
2589 Auntea Jenny (Shanghai) Industrial	HK$126.00	14.3% +HK$1.7b	-7.2%	PE18.4x
2282 MGM China Holdings	HK$11.13	2.8% +HK$1.1b	-33.9%	PE8.3x

TravelSky Technology Limited Approves Final Cash Dividend for the Year Ended December 31, 2025

TravelSky Technology Limited at its Annual General Meeting held on June 26, 2026, approved a final cash dividend for the year ended 31 December 2025 amounting to RMB 0.276 per Share (tax inclusive) to the Shareholders. The register of members of the Company for H Shares and Domestic Shares will be closed from 7 July 2026 to 10 July 2026 (both days inclusive). Holders of the H Shares and Domestic Shares whose names appeared on the register of members of the Company at the close of business on 10 July 2026 are entitled to receive the 2025 Dividend. Details of the arrangements for the payment of the 2025 Dividend to the Shareholders are set out as follows: The 2025 Dividend to be distributed to the H Shareholders will be paid in Hong Kong dollars. The exchange rate for calculating such dividend shall be based on the average of the median exchange rates of RMB against Hong Kong dollars as quoted by the People's Bank of China one calendar week preceding the date on which the dividend is declared (i.e. 26 June 2026). The amount of the 2025 Dividend payable per H Share is HKD 0.31734 (before tax). The Company has appointed Bank of China (Hong Kong) Limited as the receiving agent (the "Receiving Agent") in Hong Kong and will pay to the Receiving Agent the 2025 Dividend declared in respect of the H Shares, and the Receiving Agent will hold the dividend pending distribution to the relevant H Shareholders in a fiduciary capacity. Such 2025 Dividend (after deduction of applicable tax) will be paid by the Receiving Agent, and the relevant cheques will be dispatched by Computershare Hong Kong Investor Services Limited to the H Shareholders whose names appeared on the register of members of the Company at the close of business on 10 July 2026 by ordinary post at their own risk on or around 24 September 2026. From 24 September 2026, the Domestic Shareholders may contact the Company to collect the 2025 Dividend. Domestic Shareholders should carry out relevant taxation matters (if any) on their own in accordance with the PRC laws and regulations applicable to them. Shareholders are recommended to consult their tax advisers regarding Chinese mainland, Hong Kong and other tax implications arising from their holding and disposal of H Shares of the Company.

Hong Kong (HSI) Hospitality Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Sands China Ltd. to Report First Half, 2026 Results on Aug 14, 2026

Xiaocaiyuan International Holding Ltd. to Report First Half, 2026 Results on Aug 14, 2026

Tongcheng Travel Holdings Limited to Report First Half, 2026 Results on Aug 24, 2026

First half 2026 earnings released: EPS: CN¥3.05 (vs CN¥1.97 in 1H 2025)

Galaxy Entertainment Group Limited to Report First Half, 2026 Results on Aug 12, 2026

MGM China Holdings Limited to Report First Half, 2026 Results on Aug 06, 2026

Upcoming dividend of HK$0.25 per share

The Hongkong and Shanghai Hotels, Limited to Report First Half, 2026 Results on Aug 05, 2026

Consensus EPS estimates fall by 11%

Price target decreased by 8.0% to HK$2.23

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

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

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

TravelSky Technology Limited Approves Final Cash Dividend for the Year Ended December 31, 2025

MIXUE Group, Annual General Meeting, Jun 26, 2026

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