Visitor arrivals to Macau on the seventh – and last – day of the autumn Golden Week holiday period were down by 3.1 percent from the same period in 2018.
Preliminary figures from Macau’s Public Security Police – compiled by the Macao Government Tourism Office – showed that on Monday the city welcomed fewer than 79,000 visitors. About 53,800 of those visitors came from mainland China, a decline of 6.0 percent in that market segment judged in year-on-year terms.
October’s Golden Week period includes China’s National Day on October 1, which this year fell on Tuesday. China’s State Council declared the 2019 holiday period as running for seven days, i.e., October 1 to 7.
Visitor arrivals to Macau during the whole of the autumn Golden Week holiday period rose by an average of 11.5 percent, to a total of approximately 985,000, the data show.
Visitors from mainland China made up 81.1 percent of all arrivals during the holiday period, contributing approximately 798,000 visits in total. The visit figure was up 9.4 percent in year-on-year terms.
According to the available data, Macau recorded more than 150,000 visitor arrivals for four straight consecutive days during this year’s autumn Golden Week, namely between October 2 and October 5. Except for the last day of the holiday period, year-on-year increases in visitor arrival figures were recorded for the other days of the holiday period.
Autumn Golden Week is usually a peak season for the city’s tourism and casino industries as hundreds of thousands of mainland Chinese tourists take advantage of the week-long break to visit Macau. There is however no direct correlation between overall tourism arrivals and casino gross gaming revenue (GGR) in Macau, according to investment analysts, who have said that is because GGR in the Macau market has been typically skewed to high-end play.
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