Jan 25, 2024 Newsdesk Latest News, Macau, Top of the deck  
Macau’s average occupancy rate for five-star hotels reached 91.2 percent in December, compared to only 73.9 percent in January, the first month after relaxation of Covid-19 related travel restrictions for Macau, mainland China, and Hong Kong.
The December 2023 figures are according to recently released data from Macao Government Tourism Office.
The December five-star occupancy was still below the 93.8 percent achieved in December 2019, prior to the Covid-19 pandemic.
Most of the city’s casinos are located inside resorts that also have five-star hotels, although not all Macau’s five-star hotels are tied to gaming-operator businesses.
As of November, the most recent information available, Macau had 27,800 operational five-star rooms, a 23.0 percent rise compared to the 22,600 in January, show separate tourism bureau figures. In December 2019, Macau had 24,600 five-star rooms.
The average five-star room rate in December 2023 was MOP1,773.2 (US$220.19), an improvement of 29.3 percent compared to January 2023’s five-star average of MOP1,371.3.
For full-year 2023, five-star occupancy was 85.8 percent, and the average nightly rate was MOP1,509.9.
In December 2019, the average five-star rate was MOP1,610.8. For full-year 2019, five-star occupancy was 92.3 percent, and the average nightly rate was MOP1,644.0.
In the four-star hotel category – some of them within casino-hotel properties – December 2023 occupancy was 86.5 percent, compared to 70.1 percent in January.
Four-star room inventory as of November was 9,100, or 19.7 percent more than the 7,600 in January.
The average four-star room rate in December 2023 was MOP998.9, or 23.9 percent more than the MOP806.5 in January.
In December 2019, four-star occupancy was 75.3 percent, from total room inventory of 6,800.
For full-year 2023, four-star occupancy was 80.7 percent, and the average room price was MOP955.7.
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Macau casino operator SJM Holdings Ltd’s planned renovation work at its Grand Lisboa casino hotel in downtown Macau is expected to start “around the end of this year”, and take two years, said...(Click here for more)
”By increasing our mass table offerings and effectively doubling our slot machine capacity, Solaire Resort North will put Bloomberry in a prime position to gain market share”
Enrique Razon
Chairman and chief executive of Bloomberry