Macau should see a year-on-year increase in the number of visitors coming to the city during the coming Labour Day holiday period, with hotels posting high occupancy rates, says the head of the local tourism bureau. According to checks by GGRAsia, some of the hotels in the city’s casino properties are fully booked from April 29 to May 1.
Mainland Chinese citizens are likely to be able to enjoy at minimum three consecutive days of recreation during the Labour Day holiday, i.e., during the period Sunday, April 29, to Tuesday, May 1, inclusive, which is prescribed as an official festive period by China’s State Council.
Maria Helena de Senna Fernandes, director of the city’s tourism bureau, mentioned to local media on Thursday an estimate of a “3 percent to 5 percent” year-on-year increase in the number of visitors coming to Macau during the Labour Day period.
Macau recorded a total of 375,000 visitor arrivals during the Labour Day holiday period in 2017, show official data from the local police.
Ms Senna Fernandes added that she expected the average hotel occupancy rate to stand at around 85 percent during the holiday period.
Contacted by GGRAsia, Kenny Cheung Kin Chung, vice president of the Macau Hoteliers and Innkeepers Association, made a similar forecast. But Andy Wu Keng Kuong, president of the Travel Industry Council of Macau, was more bullish.
“The hotel occupancy rate can even reach 90 percent or above during the Labour Day holiday…especially as room availability at five-star [casino] resorts sold out fast,” Mr Wu told GGRAsia.
As of Thursday afternoon, a total of 16 major hotels in casino properties around Macau were fully booked for at least two of the three nights covered by the Labour Day break, according to data collated by GGRAsia from those hotels’ respective official booking websites.
These included: Grand Lisboa and L’Arc Hotel Macau, two properties with casinos run under the licence of SJM Holdings Ltd; MGM Macau, run by MGM China Holdings Ltd; Wynn Macau and Wynn Palace, run by Wynn Macau Ltd; Nüwa (formerly Crown Towers) and Grand Hyatt Macau, both located inside City of Dreams, a resort operated by Melco Resorts and Entertainment Ltd; Galaxy Hotel, Banyan Tree Macau, Hotel Okura Macau, the Ritz-Carlton, Macau, and JW Marriott Hotel Macau, respectively part of Galaxy Entertainment Group Ltd’s Galaxy Macau property on Cotai; Galaxy Entertainment’s StarWorld Hotel on Macau peninsula; and Sands Macao on the peninsula, as well as Sheraton Grand Macao Hotel Cotai Central and Four Seasons on the Cotai strip, part of the casino resorts run by Sands China Ltd.
The Macau Hoteliers and Innkeepers Association’s Mr Cheung said average hotel room rates for the coming Labour Day break were up compared with the same period last year. “An annual increase – but below 10 percent – is possible,” he added.
Mr Cheung told GGRAsia the Labour Day period was usually a “peak travel time for Chinese visitors from Pearl River Delta”.
Macau’s average hotel occupancy rate for the Labour Day break in 2017 reached 94.5 percent, with an average room of MOP1,700 (US$209), according to data compiled the city’s tourism bureau..
“We’ve been seeing mild increases in room rates so far this year, and many hotel operators have come up with better value-for-money accommodation packages for guests,” Mr Cheung said, “I don’t think now in Macau you will see drastic increases in hotel room rates as it happened some years ago.”
The average three- to five-star hotel room rate in Macau stood at MOP1,365.2 in the first quarter of 2018, a 6.9 percent year-on-year increase, according to figures by Macau Hotel Association. The average room rate for five-star hotels – many of which are located in casino resorts – rose 3,6 percent year-on-year to MOP1,688.2.
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