less than 6 million<\/a><\/em><\/strong>, down from 39 million travellers in 2019.<\/p>\n\n\n\nHalf of the year\u2019s visitors were recorded in January before the Covid-19 pandemic hit the region.<\/p>\n\n\n\n
Senna Fernandes said: \u201cJanuary was a very good month with 3 million visitors but the remaining 11 months didn\u2019t even match that amount.<\/p>\n\n\n\n
\u201cChristmas and New Year is not traditionally a travelling period for mainland Chinese so we don\u2019t anticipate a very high number of bookings. But we would hope that there will be more retail shopping.<\/p>\n\n\n\n
\u201cWe are having the Macau Shopping Festival at the time and we hope this kind of activity can stimulate more spending in Macau and attract more visitors.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The city has revised its budget again with gaming tax collection down by 42 per cent since the last revision in April.<\/p>\n","protected":false},"author":2,"featured_media":12610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Legislative Assembly has approved a further revised 2020 budget, projecting a 42% reduction in gaming tax collection from the April estimate, now expecting MOP29.46bn. This significant decline, reflecting a 74% year-on-year drop in the first 10 months, is attributed to a severe lack of international visitors and VIPs due to pandemic restrictions. Total visitor numbers for 2020 are expected to be less than 6 million, a drastic fall from 39 million in 2019.","focusai_entities":"Legislative Assembly, Macao Government Tourism Office, MGTO, Maria Helena de Senna Fernandes","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Recovery Timeline?","query":"What are the revised GGR projections for Macau's gaming sector in 2021, considering the continued impact of travel restrictions and the slow recovery of VIP segments?"},{"label":"Fiscal Policy Adjustments?","query":"How might the significant reduction in gaming tax revenue influence Macau's government to implement new fiscal policies or diversify its economic base beyond gaming?"}],"footnotes":""},"categories":[157,16338,158],"tags":[257,21157,2895],"class_list":["post-12608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau","tag-mgto","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12608"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12608\/revisions"}],"predecessor-version":[{"id":12627,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12608\/revisions\/12627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12610"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}