The average occupancy rate of Macau hotels in the first five months of 2018 stood at 89.3 percent, up 4.4 percentage points from the prior-year period, according to the latest data from the city’s Statistics and Census Service. Five-star hotels recorded the biggest increase in year-on-year terms, as well as the highest occupancy rate during the period.
In the five months to May 31, the average occupancy rate of the city’s five-star hotels rose by 6.7 percentage points year-on-year to 91.6 percent. Average length of stay for guests staying in five-star hotels was 1.7 days, slightly higher than the average of 1.5 days for all the hotels in Macau.
Four-star hotels in Macau recorded a 3.1 percentage points increase in occupancy during the period, to 90.4 percent. It was the second highest occupancy rate amongst all hotel categories.
In the first five months of 2018, guests of hotels and guesthouses increased by 8.2 percent year-on-year to approximately 5.71 million, showed the data.
In May, Macau had a total of 38,600 operating rooms of hotels and inns, representing an increase of 6.4 percent year-on-year. About 61 percent of that inventory are rooms that are of the five-star category.
In May alone, the average occupancy rate of the five-star and four-star hotels stood at around 90 percent, higher than the average occupancy rate of 87.5 percent of all hotels in Macau.
The month of May includes a Chinese holiday period surrounding the May 1 Labour Day. During that month, there were a total of 2.57 million visitors arriving in Macau, a tally that was up 3.7 percent from the prior-year period.
A separate set of data released by Macao Government Tourism Office – citing figures from the Macau Hotel Association – showed that the average room rate of the city’s three-star to five-star hotels stood at MOP1,329.3 (US$164.54) for the first five months this year, representing a 5.7 percent year-on-year increase.
During the January to May period, the average room rate of the city’s five-star hotels stood at MOP1,643.9, up 2.7 percent from the prior-year period; while the four-star category saw a 10.3 percent increase in its average room rate, to MOP814.2.
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"[The firm] has been continuing its preparations for the proposed IPO, which is expected to commence as market conditions permit"
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