Narrative Update • Jul 23
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Hong Kong (HSI) Hospitality Industry Analysis
UpdatedJul 31, 2026
DataAggregated Company Financials
Companies89
- 7D6.3%
- 3M-1.4%
- 1Y-24.8%
- YTD-17.4%
The Hospitality industry is up 6.3% in the last week, with Meituan up 6.1%. In the past year, the industry is down 25%. Looking forward, earnings are forecast to grow by 43% 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 |
|---|---|---|---|---|---|---|
| Sat, 01 Aug 2026 | HK$1.3t | HK$928.7b | -HK$1,472,718,185.19 | 15x | -887.7x | 1.4x |
| Mon, 29 Jun 2026 | HK$1.1t | HK$925.7b | -HK$1,552,312,463.32 | 15x | -686.7x | 1.2x |
| 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 |
Price to Earnings Ratio
-80.5x
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 | 2.13% | |
| Consumer Discretionary | 4.07% | |
| Hospitality | 6.27% | |
| Leisure Facilities | 9.37% | |
| Casinos and Gaming | 7.70% | |
| Restaurants | 5.83% | |
| Hotels, Resorts and Cruise Lines | 4.91% | |
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$92.50 | 6.7% +HK$35.8b | -24.3% | PS1.3x | |
| 27 Galaxy Entertainment Group | HK$34.20 | 8.2% +HK$11.3b | -9.8% | PE14x | |
| 2097 MIXUE Group | HK$226.60 | 8.1% +HK$6.5b | -51.1% | PE12.6x | |
| 1928 Sands China | HK$14.72 | 5.3% +HK$6.0b | -22.0% | PE17x | |
| 1364 Guming Holdings | HK$23.38 | 8.5% +HK$4.4b | 1.9% | PE15.4x |