• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

More Macau hotels as of Nov but room tally down

Jan 02, 2020 Newsdesk Latest News, Macau, Top of the deck  


More Macau hotels as of Nov but room tally down

There were 121 hotels and guesthouses operating in Macau at the end of November 2019, an increase of five establishments compared to the prior-year period, showed data from the city’s Statistics and Census Service. The number of rooms however reduced by 1.7 percent year-on-year, to about 38,200, “as a consequence of renovations undertaken in some hotels,” said the bureau in a Tuesday release.

Official data from the Macau government show there were 18 hotel projects under construction and a further 24 projects undergoing government approval as of the end of October. They would together provide the Macau market with about 11,000 new hotel rooms. The data did not give estimated completion dates for the new hotel projects.

A big part of the new supply will be on Cotai, where new large-scale resorts featuring hotels with hundreds of rooms, are being developed, and other properties are currently expanding. Some of the new projects also contain a casino.

SJM Holdings Ltd said recently it expects construction of its HKD39-billion (US$5.0-billion) Lisboa Palace on Cotai to be completed open by the second half of this year. The property will have approximately 2,000 rooms, according to SJM Holdings.

Investment analysts covering the Macau gaming market have cast doubt on whether the launch of the Grand Lisboa Palace could happen during 2020.

A nearby scheme, the under-construction Lisboeta Macau – with 820 rooms and suites – could be launched in 2020, according to Arnaldo Ho Yau Heng, director of the project’s promoter, the Macau Theme Park and Resorts. Lisboeta Macau had been announced in October 2018, when work on it was already under way.

According to Tuesday’s release from the statistics service, the guest tally at Macau hotels and guesthouses totalled just above 12.88 million in the first 11 months of 2020, an increase of 1.4 percent year-on-year. “The average occupancy rate of guestrooms (90.7 percent) and the average length of stay of guests (1.5 nights) both held steady year-on-year,” said the statistics bureau.


  • tweet
Related articles
  • Quality fake chips sold online found at Macau casino
    Quality fake chips sold online found at...

    Jan 13, 2021  

  • Investor urges MGM Resorts to sell 20pct of Macau unit
    Investor urges MGM Resorts to sell...

    Jan 07, 2021  

More news
  • Wakayama casino RFP deadline affirms 2 suitors still in race
    Wakayama casino RFP deadline affirms 2...

    Jan 18, 2021  

  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  


Latest News

Wakayama casino RFP deadline affirms 2 suitors still in race

Wakayama casino RFP deadline affirms 2 suitors still in race

Jan 18, 2021  

Japan’s Wakayama prefecture confirmed on Friday (January 15) that no new suitors interested in being private-sector partner for the local government’s tilt at a casino resort, had come forward to...
Read More
CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“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



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Police find US$11m of missed Landing cash, suspects soughtPolice find US$11m of missed Landing cash, suspects sought January 14, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us