Macau welcomed a record 1.14 million independent travellers from mainland China in February, up by 38.9 percent year-on-year, according to data from the city’s Statistics and Census Service.
Total visitor arrivals for the month increased by 4.5 percent from the prior-year period to 2.68 million, which the statistics bureau attributed to the Chinese New Year holidays, which this year started on February 19.
The increase was mainly due to a rise in mainland visitors, up by 10.7 percent year-on-year to 1.90 million. Mainland visitors accounted for 70.9 percent of all visitors in February.
The mainland visitors travelling under the Individual Visit Scheme (IVS) accounted for 60 percent of all Chinese travellers coming to Macau in February, the data show.
The IVS was first implemented in four cities in Guangdong, the Chinese province neighbouring Macau, and expanded several times between July 2003 and January 2007. The number of cities under the IVS currently stands at 49. The system allows mainland passport holders to visit Macau and Hong Kong as independent travellers rather than as part of a tour group.
The Macau government in February announced it would discuss with Beijing a possible adjustment and improvement of the IVS, as the government says it seeks to find a balance between tourism capacity and local residents’ quality of life.
Japanese brokerage Nomura last week warned that tougher visa rules risked further harming Macau’s casino industry, which is already experiencing its worst crisis since market liberalisation in 2002. Casino gross gaming revenue in Macau has dropped for nine consecutive months as measured in year-on-year terms.
A new study by Macau’s Institute for Tourism Studies said the city’s optimum tourist carrying capacity stood between 32.6 million and 33.7 million visitors in 2014, or 89,374 and 92,325 tourists a day. Macau welcomed 31.5 million visitors last year, according to official data.
Jan 15, 2021Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Jan 15, 2021
“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