GGRAsia – Visitor arrivals to Macau to increase 20% at Golden Week: police
Macau visitor arrivals to rise 20% at Golden Week: police
The average daily number of visitor arrivals to Macau over the upcoming Labor Day Golden Week holiday period is expected to increase by around 20% from a previous high earlier this month, and will therefore probably exceed the 40,000 mark. This is according to a forecast by the city police.
A police official explained at a press conference that one of the reasons for the positive forecast was that mainland Chinese authorities had not introduced any additional travel restrictions or issued statements advising people to travel. avoid traveling during the next vacation period.
The Chinese State Council has designated the first five days of May as the Labor Day break for this year. Mainland China currently has a non-quarantine travel bubble with Macau and is currently Macau’s main source of tourists.
Macau recorded more than around 36,500 visitor arrivals on April 18, the highest daily figure since the pandemic began in early 2020, according to police data.
Recent comments from game operator executives corroborate police predictions for a tourism boost during Labor Day Golden Week. Hubert Wang, president and chief operating officer of MGM China Holdings Ltd, said on Wednesday during a conference call with analysts that consumer demand for MGM properties regarding the upcoming holiday period, was “strong enough”.
The firm expected its hotel business “to reach an almost full occupancy rate, as we saw two years ago.” According to Wang, customer demand for the upcoming Golden Week was higher than that seen recently during the Chinese New Year holiday or Golden Week in October last year.
On Monday, a number of luxury hotels in Macau casinos were already exhausted for at least three nights of the five-day break around the Labor Day holiday period, according to data collected at the time by GGRAsia from official hotel reservation sites.
In comments to the Hong Kong-based Chinese media outlet, the Hong Kong Economic Journal, Ambrose So Shu Fai, vice president and general manager of Macau casino operator SJM Holdings Ltd, said the gaming industry of Macau could see a further sequential improvement in mass gaming volume during the Labor Day holiday period, with average daily gross casino gaming revenue of up to “MOP 400 million” ($ 50 million).
During the Chinese New Year’s Golden Week holiday period in February, Macau recorded a daily average of less than 13,000 visitor arrivals, according to government data. The Golden Chinese New Year week was the last holiday week for mainland Chinese consumers. The lackluster result was, according to a number of analysts, attributed to factors such as demands – and other measures – from mainland Chinese officials asking residents to avoid travel during their February vacation.