According to the University of Macau, Macau’s Gross Domestic Product could grow by up to 33.5 per cent in 2021.
Macau.- The University of Macau forecasts that the city could see economic growth of up to 33.5 per cent in 2021 if tourist arrivals continue to increase.
The analysts forecast economic growth of 21.4 per cent if Macau finishes the year with 13.8 million visitor arrivals.
One of the most optimistic forecasts predicts 21.7 million visitor arrivals and economic growth of 33.5 per cent.
Macao Government Tourism Office (MGTO) director Maria Helena de Senna Fernandes has said she expects a stronger flow of tourists from mainland China for the Labour Day break on May 1.
During the first days of April, Macau received 99,568 tourists. Macau casinos reported gross gambling revenue of MOP$8.3bn (US$1.04bn) for March, up 58 per cent year-on-year.