I have no idea how to set up Keyboard Hotkeys on the Console Edition.
However I do know that the Controller has been mapped like a giant Hotkey tool. D pad left takes you to menues for all your Empire Information. D pad right takes you to your actual physical things in your empire from planets to ships, and if they're spread accross several sectors you can go to anything in a splt second.
If you're used to PC controls for this type of game then you need to make friends with your controller.
The downside is we don't like to do new and different things when we already have a "way" of doing it. That's just human nature.
The upside is once you've mastered it you have complete control of your game and you'll enjoy it to it's fullest potential.