Visitor arrivals to Macau during the entire autumn Golden Week holiday period this year totalled 156,300, according to the latest official data.
Preliminary figures from Public Security Police – compiled by the Macao Government Tourism Office (MGTO) – show that the aggregate number of mainland Chinese visitor arrivals for the holiday period stood at just over 145,400.
October Golden Week this year incorporates the lunar-calendar based Mid-autumn Festival, as well as China’s October 1 National Day. China’s State Council has designated October 1 to October 8, inclusive, as the holiday period.
The daily average of visitor arrivals during this year’s October holiday period stood at 19,538, down 86.0 percent from the prior-year period. The figures however are not directly comparable as this year’s holiday period included one more day compared with last year’s autumn Golden Week .
The city welcomed an aggregate of 17,020 visitors on the eighth and final day of the holiday period, showed the official data.
Macau’s casino performance during this year’s autumn Golden Week period was “disappointing”, with gross gaming revenue (GGR) down by 76 percent year-on-year, suggested brokerage Sanford C. Bernstein in a Thursday note.
The brokerage also said it estimated Macau’s full October GGR to decline by 70 percent from the prior-year period, largely due to mainland China’s visa processing issues and “uncertainty” regarding liquidity constraints.
Apr 15, 2021Macau’s economy is projected to “rebound by 53 percent” this year, assuming a recovery in gross gaming revenue (GGR) “to about half” of pre- Covid-19 levels, said Fitch...
Apr 15, 2021
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”We ... model that VIP GGR [in Macau] can ultimately only recover to about half of pre- Covid-19 levels, despite opening of multiple high-end properties”
DS Kim, Derek Choi, and Livy Lyu
Analysts at JP Morgan