Hong Kong’s luxury retail sector extended its recovery in October, buoyed by rising visitor arrivals and renewed consumer confidence. According to figures from the Census and Statistics Department, sales of jewellery, watches, clocks, and valuable gifts surged 10 percent year-on-year to HKD 4.94 billion, marking the sixth consecutive month of growth for the city’s luxury segment.
Overall retail sales rose 7 percent to HKD 35.18 billion in October, reflecting improving economic sentiment and robust tourism spending. Analysts said that the strong performance was partly driven by higher margins on gold-related products, following a sustained increase in global gold prices throughout the year.
From January to October 2025, total sales of luxury goods climbed 0.3 percent yoy to HKD 42.37 billion — the first cumulative increase of the year — even as total retail sales across all categories edged down 0.2 percent to HKD 311.7 billion.
Industry observers noted that luxury demand is likely to remain firm in the coming months, supported by festive shopping, high-end tourism, and stabilising local consumption. The positive momentum has lifted expectations for a stronger close to the year, positioning Hong Kong’s luxury sector for renewed resilience amid global uncertainty.
15-12-2025
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