Macau tourism continues to rise, GGR up slightly

Macau recorded its highest daily volume of visitors since the start of the Covid-19 pandemic on Friday April 16 with 34,252 arrivals.

Macau.- The Macau Government Tourism Office has reported that 191,828 visitors arrived in Macau during the third week of April.

The tourism industry, one of the hardest hit by the Covid-19 pandemic, began to show signs of recovery in March, and on Friday April 16, Macau recorded its highest daily volume of visitors since the start of the Covid-19 pandemic with with 34,252 arrivals.

Macau registered an average occupancy rate of hotel establishments of 61 per cent during the second week of April as the Macau Government Tourism Office tries to promote the city as a safe destination.

The city recently announced it is in talks with mainland Chinese authorities on the possibility of mutual recognition of vaccination certificates to boost tourism.

Macau casinos has seen gross gaming revenue rise 3 per cent to an average daily rate of MOP300m thanks to better mass traffic and high VIP hold.

SAR gaming operators to fully recover by 2023, analysts say

According to the brokerage Union Gaming states, Macau’s gaming operators may not see a complete recovery until 2023 because of slow vaccination progress and few travel bubbles between countries. 

It expects EBITDA and aggregate revenue to reach 95 per cent of 2019 levels by 2022 if VIP recovers to 50 per cent and mass to 105 per cent.

Macau has eased some  Covid-19 restrictions, with arrivals from Hong Kong now subject to a quarantine of 14 days instead of 21 days plus seven days of health self-management.