Analysis Article • Aug 30
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Hong Kong (HSI) Hospitality Industry Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies88
- 7D-5.6%
- 3M-1.5%
- 1Y-27.3%
- YTD-25.2%
Over the last 7 days, the Hospitality industry has dropped 5.6%, driven by a pullback from Meituan of 8.8%. Meanwhile, Guming Holdings actually outperformed within the industry, gaining 6.7% in the last week. Overall the industry is down 27% in 12 months. Looking forward, earnings are forecast to grow by 42% 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 |
|---|---|---|---|---|---|---|
| Mon, 31 Aug 2026 | HK$1.2t | HK$957.1b | HK$1.9b | 14.3x | 636.9x | 1.2x |
| Wed, 29 Jul 2026 | HK$1.3t | HK$927.5b | -HK$1,432,672,830.04 | 14.9x | -885.9x | 1.4x |
| Fri, 26 Jun 2026 | HK$1.1t | HK$925.6b | -HK$1,552,249,499.16 | 15.3x | -701.7x | 1.2x |
| Sun, 24 May 2026 | HK$1.3t | HK$919.9b | HK$17.9b | 15.4x | 69.9x | 1.4x |
| Tue, 21 Apr 2026 | HK$1.4t | HK$916.4b | HK$17.9b | 16.5x | 76x | 1.5x |
| Thu, 19 Mar 2026 | HK$1.3t | HK$858.6b | HK$31.3b | 15.3x | 42.7x | 1.6x |
| Sat, 14 Feb 2026 | HK$1.4t | HK$848.2b | HK$30.6b | 17.3x | 46.4x | 1.7x |
| Mon, 12 Jan 2026 | HK$1.5t | HK$840.2b | HK$30.3b | 15.7x | 49.2x | 1.8x |
| Wed, 10 Dec 2025 | HK$1.5t | HK$832.0b | HK$30.0b | 16.7x | 49.4x | 1.8x |
| Fri, 07 Nov 2025 | HK$1.5t | HK$823.2b | HK$64.1b | 16.8x | 23.7x | 1.8x |
| Sun, 05 Oct 2025 | HK$1.5t | HK$824.2b | HK$64.1b | 16x | 23x | 1.8x |
| Tue, 02 Sep 2025 | HK$1.5t | HK$824.2b | HK$65.4b | 16.8x | 22.2x | 1.8x |
| Thu, 31 Jul 2025 | HK$1.7t | HK$809.4b | HK$72.5b | 18.4x | 23.4x | 2.1x |
| Sat, 28 Jun 2025 | HK$1.7t | HK$810.5b | HK$72.6b | 16.4x | 23.1x | 2.1x |
| Mon, 26 May 2025 | HK$1.7t | HK$794.3b | HK$67.4b | 15.1x | 25.4x | 2.2x |
| Wed, 23 Apr 2025 | HK$1.6t | HK$771.3b | HK$64.5b | 14.6x | 24.3x | 2x |
| Fri, 21 Mar 2025 | HK$1.9t | HK$775.8b | HK$62.2b | 18.5x | 30x | 2.4x |
| Sun, 16 Feb 2025 | HK$1.5t | HK$690.5b | HK$48.6b | 16.6x | 30.9x | 2.2x |
| Tue, 14 Jan 2025 | HK$1.3t | HK$676.1b | HK$46.9b | 15.8x | 27.1x | 1.9x |
| Thu, 12 Dec 2024 | HK$1.5t | HK$674.9b | HK$46.7b | 17.5x | 32.1x | 2.2x |
| Sat, 09 Nov 2024 | HK$1.6t | HK$661.2b | HK$36.9b | 16.8x | 44.5x | 2.5x |
| Mon, 07 Oct 2024 | HK$1.8t | HK$669.3b | HK$35.1b | 20.2x | 51.9x | 2.7x |
| Wed, 04 Sep 2024 | HK$1.2t | HK$667.2b | HK$35.2b | 14.2x | 33x | 1.7x |
| Fri, 02 Aug 2024 | HK$1.1t | HK$620.3b | HK$29.4b | 12.9x | 37.3x | 1.8x |
| Sun, 30 Jun 2024 | HK$1.2t | HK$618.2b | HK$31.1b | 13.5x | 37.6x | 1.9x |
| Tue, 28 May 2024 | HK$1.3t | HK$602.9b | HK$29.0b | 13.9x | 44.1x | 2.1x |
| Thu, 25 Apr 2024 | HK$1.2t | HK$602.8b | HK$29.2b | 13.9x | 41.6x | 2x |
| Sat, 23 Mar 2024 | HK$1.1t | HK$555.5b | HK$19.1b | 12.9x | 55.3x | 1.9x |
| Mon, 19 Feb 2024 | HK$967.1b | HK$526.0b | HK$7.6b | 12.6x | 127.7x | 1.8x |
| Wed, 17 Jan 2024 | HK$950.1b | HK$526.3b | HK$7.5b | 12x | 127x | 1.8x |
| Fri, 15 Dec 2023 | HK$1.0t | HK$528.8b | HK$7.6b | 12.2x | 133.1x | 1.9x |
| Sun, 12 Nov 2023 | HK$1.2t | HK$502.3b | HK$4.0b | 14.7x | 304.5x | 2.4x |
| Tue, 10 Oct 2023 | HK$1.3t | HK$503.3b | HK$4.0b | 15.1x | 316.1x | 2.5x |
| Thu, 07 Sep 2023 | HK$1.4t | HK$503.3b | HK$3.8b | 17.8x | 381.1x | 2.9x |
Price to Earnings Ratio
381.1x
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 637x which is higher than its 3-year average PE of 11.8x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have declined 21% per year over the last three years.
- Meanwhile revenues for these companies have grown 24% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary industry?
| HK Market | -0.088% | |
| Consumer Discretionary | -2.18% | |
| Hospitality | -5.59% | |
| Hotels, Resorts and Cruise Lines | -0.90% | |
| Casinos and Gaming | -5.27% | |
| Restaurants | -6.22% | |
| Leisure Facilities | -21.42% | |
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 8.3%, which is lower than the prior year's growth of 14.0% 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 Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 8.3% 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$26.60 | 6.7% +HK$3.9b | 17.5% | PE17.8x | |
| 6862 Haidilao International Holding | HK$12.16 | 5.9% +HK$3.8b | -11.8% | PE14.3x | |
| 696 TravelSky Technology | HK$8.94 | 8.0% +HK$1.9b | -17.8% | PE9.2x | |
| 45 Hongkong and Shanghai Hotels | HK$5.52 | 2.5% +HK$225.0m | -5.0% | PE14.6x | |
| 2408 Guangzhou Xiao Noodles Catering Management | HK$3.91 | 6.3% +HK$159.0m | n/a | PE18.5x |
