Cinema Tickets - Hong Kong

Hong Kong

Highlights

Revenue in the Cinema Tickets market is projected to reach US$106.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.08%, resulting in a projected market volume of US$115.20m by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 2.3m users by 2028.
User penetration will be 28.3% in 2024 and is expected to hit 28.5% by 2028.
The average revenue per user (ARPU) is expected to amount to US$48.67.
In global comparison, most revenue will be generated China (US$6.96bn in 2024).
With a projected rate of 22.8%, the user penetration in the Cinema Tickets market is highest Norway.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Tickets market in Hong Kong has been experiencing steady growth in recent years, driven by customer preferences for entertainment and leisure activities, as well as local special circumstances and underlying macroeconomic factors.

Customer preferences: Hong Kong residents have a strong affinity for cinema and enjoy going to the movies as a popular form of entertainment. This preference is driven by the desire for escapism, the opportunity to socialize with friends and family, and the enjoyment of watching movies on the big screen with state-of-the-art technology. The cinema experience provides a break from the daily routine and allows individuals to immerse themselves in different worlds and stories.

Trends in the market: One of the key trends in the Cinema Tickets market in Hong Kong is the increasing demand for premium movie experiences. Customers are willing to pay a premium for luxury cinemas that offer enhanced comfort, gourmet food and beverages, and a more immersive viewing experience. This trend is driven by the desire for a unique and memorable cinema experience that goes beyond just watching a movie. Another trend in the market is the rise of online ticketing platforms. Customers now have the convenience of booking their cinema tickets online, choosing their preferred seats, and even pre-ordering snacks and drinks. This trend has not only made the ticket purchasing process more convenient for customers but has also allowed cinemas to capture valuable customer data and personalize their offerings.

Local special circumstances: Hong Kong is a densely populated city with limited space. This has led to the development of numerous shopping malls and entertainment complexes, many of which house multiple cinemas. The close proximity of cinemas to residential areas and the availability of public transportation make it easy for residents to access movie theaters. Additionally, the presence of a diverse population in Hong Kong, including both locals and expatriates, contributes to the demand for a wide range of movie genres and languages.

Underlying macroeconomic factors: The growing middle class in Hong Kong has led to an increase in disposable income, allowing more individuals to afford cinema tickets. Furthermore, the city's strong economy and stable political environment provide a favorable backdrop for the growth of the Cinema Tickets market. The presence of international film festivals and the popularity of Hong Kong cinema both locally and internationally also contribute to the demand for cinema tickets. In conclusion, the Cinema Tickets market in Hong Kong is developing due to customer preferences for entertainment and leisure activities, the increasing demand for premium movie experiences, the rise of online ticketing platforms, local special circumstances such as the city's limited space and diverse population, and underlying macroeconomic factors such as the growing middle class and a strong economy.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.