The average nightly rate for a five-star hotel room in Macau fell to MOP1,560.0 (US$193.5) in February, marking a 2.4 percent decline year-on-year, even as occupancy rose.
According to the latest monthly survey from the Macau Hotel Association, published by the Macao Government Tourism Office, the average occupancy rate for the city’s top-tier hotels reached 96.6 percent, up 1.2 percentage points from February 2025.
February this year included the lunar-calendar Chinese New Year holiday period, which ran from February 15 to 23 on the Chinese mainland, Macau’s largest source of inbound visitors. By contrast, the 2025 festive period spanned eight days from January 28 to February 4.
The survey collected data from 48 association-member hotels, 27 of which are five-star properties. Most of these luxury hotels are integrated within casino resort complexes. The remaining members fall into the four-star or three-star category, some also located in casino resorts.
For the first two months of 2026, the average nightly rate for five-star rooms stood at MOP1,541.3, down 2.7 percent from the same period last year, with occupancy averaging 96.2 percent, up 1.0 percentage point.
Across all hotel categories covered in the survey, the average room rate for January and February declined 2.2 percent year-on-year to MOP1,388.0.
The downward trend in luxury accommodation reverses the growth seen in 2023 and 2024. Full-year 2025 figures show the average nightly cost of a five-star room dropped 5.0 percent year-on-year to MOP1,513.5.
Five-star hotels dominate Macau’s hotel market. As of January – the most recent figures available – the city offered 26,000 five-star rooms, nearly 58 percent of the total 45,000 guest rooms across all categories, according to the Statistics and Census Service. The number of five-star rooms rose 6.8 percent compared with January 2025.
