What: K11 is reporting a healthy growth for 2022, overpassing Hong Kong retail market’s one.

Why it is important: The “Art Mall” is all about experience, which might explain such a good performance in the current context.

K11 in Hong Kong reports a +15% growth in revenue and a 100% retail occupancy at the end of the 2022 exercise, with 40 new tenants. The performance is all the more notable in a context where Hong Kong as a whole reports a +0.8% growth in retail.

K11 also reports a +20% in loyalty program memberships.

K11 reports a robust year 2022 in spite of mainland shoppers in Hong