Macau raises expectations for October Golden Week

Macau is preparing for the October Golden Week.
Macau is preparing for the October Golden Week.

Authorities now believe the October Golden Week will see nearly 30,000 visitors a day as the city continues to ease Covid-19 restrictions.

Macau.- The Macau Government Tourism Office (MGTO) now predicts the city could receive 30,000 visitors per day during the October Golden Week. The MGTO had previously said it expected 25,000 visitors per day.

According to Macau TDM, Andy Wu, president of the Travel Industry Council of Macau, said: “The number of tourists keeps rising, especially during weekends, after the validity period of the nucleic acid test is reverted to seven days.

“When it comes to the October 1 Golden Week, I hope we can exceed the record of 30,000 visitors per day during the May Day Golden Week.”

Last year, the number of visitors entering the city surpassed 20,000 a day on average.

Macau posts daily GGR of US$31.2m for the first week of September

Sanford C. Bernstein Ltd and JP Morgan Securities have reported that Macau’s daily gross gaming revenue (GGR) for the first week of September was MOP250m (US$31.2m), showing a slight recovery from the previous month.

JP Morgan pointed out that estimates for the first five days of September indicate that GGR was tracking at approximately 34 per cent of demand in September 2019 – the month’s last pre-pandemic comparison. 

GGR in early September was also lower than the MOP272m reached per day in July, when the market showed signs of recovery after authorities ended restrictions for those coming from Guangdong as Covid-19 cases declined.

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