Hong Kong Budget Planning

Hong Kong can be an expensive city, but with careful planning, it’s possible to visit on a range of budgets. Here’s a guide to help you plan your expenses for a trip to Hong Kong:

Currency

• Hong Kong Dollar (HKD) is the local currency
• As of 2023, 1 USD ≈ 7.8 HKD (check current exchange rates before your trip)

Accommodation

• Budget: HKD 200-500 per night (hostels, budget hotels)
• Mid-range: HKD 500-1500 per night
• Luxury: HKD 1500+ per night

Tips:

• Book in advance, especially during peak seasons
• Consider staying in areas like Mong Kok or Causeway Bay for more affordable options

Food

• Street food/Local restaurants: HKD 30-80 per meal
• Mid-range restaurants: HKD 100-300 per meal
• High-end restaurants: HKD 300+ per meal

Tips:

• Try local dai pai dongs and cha chaan tengs for affordable, authentic meals
• Many shopping malls have food courts with a variety of options

Transportation

• Airport Express: HKD 115 one-way to Hong Kong Station
• MTR (subway): HKD 4-30 per trip
• Bus: HKD 2-20 per trip
• Star Ferry: HKD 2.70-3.70 per trip

Tips:

• Get an Octopus Card for convenient and slightly discounted public transport fares
• MTR is efficient and often the fastest way to get around

Attractions

• Many attractions are free (parks, temples, markets)
• Paid attractions:
  • Victoria Peak Tram: HKD 99 round trip
  • Hong Kong Disneyland: HKD 639 for a 1-day ticket
  • Ocean Park: HKD 498 for adult admission

Tips:

• Look for combo tickets or tourist passes for multiple attractions
• Many museums offer free admission on Wednesdays

Shopping

• Budget varies greatly depending on personal preferences
• Markets like Ladies’ Market or Temple Street Night Market offer affordable souvenirs

Sample Daily Budgets

1. Backpacker: HKD 500-800 per day

   • Hostel dorm
   • Street food and local eateries
   • Public transportation
   • Free or low-cost attractions

2. Mid-range: HKD 1000-2000 per day

   • Mid-range hotel
   • Mix of local and international restaurants
   • Public transportation and occasional taxi
   • Paid attractions

3. Luxury: HKD 2000+ per day

   • Luxury hotel
   • Fine dining
   • Taxis or private transport
   • Shopping and high-end experiences

Money-Saving Tips

1. Use an Octopus Card for public transport and small purchases
2. Eat at local establishments rather than tourist-oriented restaurants
3. Take advantage of free attractions and walking tours
4. Visit during shoulder season (March-April or October-November) for better hotel rates
5. Look for happy hour deals if you plan to drink
6. Consider buying a tourist SIM card instead of expensive roaming charges

Additional Costs to Consider

• Travel Insurance
• Visa fees (if applicable)
• Souvenirs and shopping

Remember, these are estimated costs and can vary based on your travel style, the time of year, and current economic conditions. Always budget a little extra for unexpected expenses or spontaneous activities.

Related: Hong Kong, Hong Kong Travel Tips, Hong Kong Food, Getting Around Hong Kong