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Country Report Macau

Description:
On June 30th Macau's Statistics and Census Service published data on package-tour visitor numbers and hotel occupancy in May. Package-tour visitor numbers were down by 2.2% year on year, to 823,000, reducing hotel occupancy by 6.6 percentage points, to 78.9%.

The fall in package-tour visitors in May contrasted sharply with the 5.5% year-on-year rise (to 4.2m) in such numbers in January-May as a whole, suggesting that the slump in tourism is continuing to deepen. It comes after a severe drop in visitor spending, which has already caused gambling revenue-and Macau's GDP-to plunge.

The latest figures show a drop in mainland Chinese visitors, but also a broader fall in those from a number of other Asian nations. The number of package-tour visitors from China in May was 652,700, down by 2% year on year. Although this rate of decline was lower than the average, it contrasted poorly with the 9.8% year-on-year increase in package-tour visitors from China in January-May overall. Furthermore, large decreases were recorded in the numbers of such visitors from other economies in May, including a 17% year-on-year drop in those from Taiwan, a 12.1% fall for Hong Kong, and similar reductions in the number of visitors from Malaysia, Thailand and Japan.
 
Contents:
Country Report Macau

Room-occupancy rates drop as new hotels open
Event
Analysis
Impact on the forecast
 
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