ITE – 2024 HONG KONG OUTBOUND REPORT(Prepared on 21-Aug-2024) ^Hong Kong Outbound Recovery - Overall
In July this year, media reported Hong Kong residents made 49.5 million departures in the firsthalf of 2024, which up 72.5% over same period last year. Hong Kong residents made in 2023
over 72 million departures which recovered to 77% pre-pandemic level.
Table 1: Hong Kong Resident Departure (million) by month in 2024 compare to 2023
2023

JANFEB

MARAPRMAYJUNTOTAL (Jan-Jun)# DEPARTURS

1.66

3.61

5.33

6.36

5.74

6.0328.72

2024

JANFEBMAR

APRMAYJUNTOTAL (Jan-Jun)# DEPARTURS

7.47

7.53

9.29

7.92

8.28

9.03

49.5

Difference+350%+109%+74%+25%+44%+50%+72%

Table 2: Hong Kong outbound to some Asia destinations in the first 6 months of 2024
HK outbound toJapan
Australia
TaiwanHK outbound to
Macao
ThailandSingapore
Philippines(Jan – Apr) 2024
11,601,486
72,110382,786(Jan – Jun) 2024
3,608,467
399,556
160,040
42,816(Jan – Apr) 2023
6,739,779
51,870206,936(Jan – Jun) 2023
3,451,469
360,360
152,240
43,1912024 VS 2023
+72%+39%+85%2024 VS 2023
+5%+11%+5%-1%2024 back to 2019
105%
68%
78%
2024 back to 2019
98%
81%
70%
96%

Table 3: Hong Kong outbound air-ticket sales in the first 5 months of 2024 (Source: IATA)
Jan –May2024 (vs 2023)

2023

2024 back to 2019

Total Billing (HKD)

7.727 billion (+2.8%)

7.509 billion

60% (12.814 billion)

The ITE Hong Kong 2024 Survey, which was held online in some 30 days from May to June in2024, collected 3740 replies, found ITE public visitors are mature with majority in working age withgood education; travel enthusiasts taking multiple outbound holidays; and well off with moremoney to spend on future travel. For more details, please click HERE.
Trip.com reported in July this year bookings by Hong Kong tourist to Paris this summer, where
held international sport events, more than doubled last year. Also, their bookings for five-star
hotels there from June to August rose 32% over same period last year.
Some 1.03 million Hong Kong residents visited Japan in the first five months this year, which
up 41.8% over same period last year.
Though only May 1 is a holiday, Hong Kong residents made some 680,000 departures
between April 30 and May 3 at 10.00am.
^ Disclaimer:

Prepared by TKS Exhibition Services Ltd (organizer of ITE Hong Kong) by compiling data from official websitesof tourism authorities and trade / public publication, usage of report is at one’s own risk.

The Institute of Financial Planners of Hong Kong (IFPHK) released the “IFPHK Hong Kong
Retirement Expense Index” in mid-April this year, which reveals that retirees spend anaverage of HK$14,700 per month, while high-spending Hong Kong retiree group (monthlyspending over HK$15000) spends an average of HKD23,671 per person per month, whichhigher than the city’s average monthly salary (HK$20,800) in Q4 of 2023.Also, retirees are
increasingly indulging in travelling.
Around 2.29 million Hong Kong residents (some 30% the population) departed the city in thefive-day period of the Easter Holiday from March 28 to April 2.
Comparing to the pre-pandemic 2019, around 440,000 Hong Kong residents in 2023 visited
South Korea which thus recovered to 58%; while recovery in the first quarter of 2024 reached
82.9%.

Hong Kong Recovery – Related Sectors
Reported in July, Hong Kong International Airport in June this year handled 4.30 million
passengers and 29590 arriving and departing flights, which respectively up 29.1% and 32.3%
over same period in 2023. In the first half this year, Hong Kong Airport handled 25.30 million
passengers, up 52.8% over last year.
In May this year, Cathay said its passenger flight already recovered to 80% pre-pandemic
level in the second quarter this year, and expect to fully recover in first quarter in 2025.
In April this year, Hong Kong Trade Development Council disclosed the city’s convention andexhibition industry already recovered to 70 – 80% pre-pandemic level at the end of last year,
and to 90% in the first quarter of this year.
HK Express, Cathay’s budget flight arm, disclosed in late March its flight occupancy in firstquarter this year close to 90%.
In mid-March, the Travel Industry Council of Hong Kong disclosed (a) booking then ofoutbound tour groups only around half of the pre-pandemic level; (b) in pandemic years, some
300 the city’s travel agents closed down while 200 new agents started which usually smaller
in size.

About ITE HONG KONG
The annual ITE Hong Kong is the city’s only and Asia’s major international travel fair. ITE
Hong Kong 2025, which comprises of the 39th ITE (Leisure) and the 20th ITE MICE, will be heldfrom June 12 to 15, 2025 in 5 halls from Halls 1A to 1E of Hong Kong Convention and Exhibition
Centre. ITE receives strong supports from governments and the trade! Every year, the Chief
Executive of the Hong Kong SAR sends message welcoming ITE participants, and the Ministry ofCulture & Tourism of China strongly supports ITE!
CONTACT: TKS EXHIBITION SERVICES LTD Website: www.itehk.com | Email:travel@tkshk.com | WhatsApp: +852 69361271 | Wechat: itehongkong | Facebook: itehk^ Disclaimer:

Prepared by TKS Exhibition Services Ltd (organizer of ITE Hong Kong) by compiling data from official websitesof tourism authorities and trade / public publication, usage of report is at one’s own risk.