Oct 06, 2017 Newsdesk Latest News, Macau, Top of the deck
Visitor arrivals to Macau during the first four days of the National Day Golden Week period were down by 2 percent from the same period in 2016.
Preliminary figures from the city’s Public Security Police – compiled by the Macao Government Tourism Office – show that on Wednesday, Macau welcomed almost 92,500 visitors, which was a 22-percent decline in year-on-year terms compared to the same period in the National Day Golden Week holiday of 2016. About 69,000 of Wednesday’s visitors came from mainland China, a decrease of 30.3 percent in that market segment judged in year-on-year terms.
Wednesday coincided with the lunar calendar-based Mid-Autumn Festival.
Between Sunday and Wednesday, Macau recorded close to 469,000 visitor arrivals, down by 2 percent year-on-year. The aggregate number of mainland visitors in those first four days stood at approximately 363,500, down by 5.1 percent.
October’s Golden Week period includes China’s National Day on October 1, which this year fell on Sunday. China’s State Council declared the 2017 holiday period as running for eight days from October 1 to 8, as it includes the Mid-Autumn Festival, which this year fell on October 4 (Wednesday).
The Macau arrival figures for the holiday period exclude migrant workers and non-Macau people studying in the city under special visa arrangements.
The National Day Golden Week is usually a peak season for Macau’s tourism and gaming industries as hundreds of thousands of mainland Chinese tourists take advantage of the weeklong break to visit Macau.
There is however no clearly demonstrated connection between overall tourism arrivals and casino gross gaming revenue in Macau.
The Macau government last week said it was expecting visitor numbers for the National Day Golden Week holiday to go up by about 4 to 5 percent from a year earlier.
Last year, 770,000 people visited Macau during the National Day Golden Week, between October 1 and 7. The figure was up by 19 percent from 2015, according to revised figures by the Macao Government Tourism Office.
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”The [Macau] month-to-date run-rate represents an approximately 45-percent recovery versus pre-Covid-19 levels for headline gross gaming revenue”
DS Kim and Mufan Shi
Analysts at brokerage JP Morgan Securities