Car Rental (Destination) in Hong Kong, China

September 2021 | 16 pages | ID: CAD3209DD87EN
Euromonitor International Ltd

Abstracts

The loss of foreign tourist demand has been the main cause of the significant decline in car rental in 2020 and 2021. Despite the rising number of domestic transactions, car rental in Hong Kong is still highly dependent on tourist demand. The majority of the population prefer to commute via public transport systems with the car ownership rate being around only 35% of the adult population. This is much lower than in neighbouring countries due to heavy road traffic and high parking rates. Moreover...

Euromonitor International's Car Rental (Destination) in Hong Kong, China report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data 2016-2020, allowing you to identify the sectors driving growth. It identifies the leading companies and offers strategic analysis of key factors influencing the market - be they new legislative, technology or pricing issues. Background information on disposable income, annual leave and holiday taking habits is also included. Forecasts to 2025 illustrate how the market is set to change.

Product coverage: Business Car Rental, Car Rental Offline, Car Rental Online, Insurance Replacement Car Rental, Leisure Car Rental.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Car Rental (Destination) market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

CAR RENTAL (DESTINATION) IN HONG KONG, CHINA
KEY DATA FINDINGS
2021 IMPACT
Flexible car rental policies and strict hygiene precautions seen as car rental companies fight to retain sales
Intense competition between leading players through online and offline channels
RECOVERY AND OPPORTUNITIES
Developments in public transport infrastructure set to limit recovery of car rental
Low prices and chauffeurs could be key differentiators for customers
CATEGORY DATA
Table 1 Car Rental Sales: Value 2016-2021
Table 2 Car Rental Online Sales: Value 2016-2021
Table 3 Structure of Car Rental Market 2016-2021
Table 4 Car Rental NBO Company Shares: % Value 2016-2020
Table 5 Car Rental Brands by Key Performance Indicators 2021
Table 6 Forecast Car Rental Sales: Value 2021-2026
Table 7 Forecast Car Rental Online Sales: Value 2021-2026
CHART 1 Inbound Receipts: 2021-2026
CHART 2 Average Spend per Trip for Inbound Arrivals: 2021-2026
TRAVEL IN HONG KONG, CHINA
EXECUTIVE SUMMARY
Travel in 2021
COVID-19 impact on travel
Company response to COVID-19 in 2021: Airlines and hotels
Impact of COVID-19 on online bookings and travel intermediaries in 2021
What next for travel?
MARKET DATA
Table 8 Other Transport Sales: Value 2016-2021
Table 9 Other Transport Online Sales: Value 2016-2021
Table 10 Forecast Other Transport Sales: Value 2021-2026
Table 11 Forecast Other Transport Online Sales: Value 2021-2026
Table 12 Activities and Experiences: Value 2016-2021
Table 13 Forecast Activities and Experiences: Value 2021-2026
GLOBAL INDUSTRY ENVIRONMENT
DISCLAIMER
SOURCES
Summary 1 Research Sources