The total spending – excluding gaming expenses – of visitors to Macau reached MOP13.75 billion (US$1.71 billion) in the second quarter of 2017, up by 17.5 percent compared to the prior-year period, according to data released on Friday by the city’s Statistics and Census Service.
The total non-gaming spending of same-day visitors to Macau saw a year-on-year decline of 1.5 percent to MOP2.37 billion in the second quarter. But the fall was more than offset by the increase in the total non-gaming spending of overnight visitors, which surged by 22.5 percent in the second quarter in year-on-year terms, to MOP11.38 billion.
Per capita non-gaming spending in the second quarter was MOP1,787, up 11.7 percent year-on-year and 4.6 percent judged quarter-on-quarter.
Travellers to Macau from mainland China remained the highest-spending visitors in the second quarter of 2017. Official data showed that the aggregate spending of all visitors from mainland China grew by 22.1 percent compared to the prior-year period. It totalled MOP10.84 billion in the second quarter, representing 78.9 percent of the total spending by all visitors to the city. Judged year-on-year, per capita spending of mainland Chinese visitors increased by 16.8 percent, to MOP2,162.
The largest single sector attracting Macau visitor non-gaming spend in the second quarter was shopping. It accounted for 43.0 percent of the per capita spending of visitors, according to the data released on Friday.
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“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