The Macau International Airport is expected to handle 7.38 million passengers in full year 2018, according to the facility’s operator.
The estimate by Macau International Airport Co Ltd, a body known locally as CAM, represents a 3-percent increase in year-on-year terms; the airport handled 7.16 million passengers in 2017, an “all-time record”, supported by growth in the Southeast Asia and mainland China passenger markets.
CAM said in a Wednesday press release it expected the airport to record 60,000 flight movements in 2018. Last year, the facility saw 58,000 aircraft movements, representing an increase of 2.8 percent on 2016.
The airport is currently expanding the north part of its terminal building, a project that is to be completed in the first quarter of this year, according to CAM’s statement. Upon completion of this expansion project, the Macau airport passenger traffic capacity will increase to 7.5 million passengers per annum.
The airport operator is also planning to expand the south part of the terminal building. The project aims to raise the overall airport capacity to 10 million passengers per annum, the statement noted.
The majority of gamblers in Macau’s casinos are tourists to the city. Some tourists arriving by air are likely to be overnight visitors, a segment generally regarded as of higher value to the local casino industry than day-trippers. But several investment analysts have said that Macau’s headline visitor numbers historically are not directly correlated to overall gaming demand, as gross gaming revenue in the Macau market has been typically skewed to high-end play.
Jan 15, 2021Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Jan 15, 2021
“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”
Vitaly Umansky, Kelsey Zhu and Tianjiao Yu
Analysts at brokerage Sanford C. Bernstein