{"id":17376,"date":"2021-04-29T14:31:54","date_gmt":"2021-04-29T14:31:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17376"},"modified":"2026-04-23T19:58:47","modified_gmt":"2026-04-23T22:58:47","slug":"melco-ceo-says-china-is-the-most-important-market-for-macau","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-ceo-says-china-is-the-most-important-market-for-macau","title":{"rendered":"Melco CEO says China is the most important market for Macau"},"content":{"rendered":"\n

Melco Resorts Chairman stated that although a travel bubble between Hong Kong and Macau would be great news, mainland China is the most important market.<\/p>\n\n\n\n\n\n\n\n

Macau.- After sharing Melco Resorts financial results<\/a> for the first quarter of 2021, Lawrence Ho, Melco Resorts Chairman and Chief Executive Officer<\/strong> referred to the possibility of a travel bubble between Hong Kong and Macau<\/strong>.<\/p>\n\n\n\n

Ho explained Hong Kong provides between 20 and 25 per cent of Melco business <\/strong>in Macau but China continues to be the most important market<\/strong>.<\/p>\n\n\n\n

Mainland China visitors<\/a> totalled 688,353 in March, up 674.4 per cent compared to March 2020<\/strong> and the Macao Government Tourism Office (MGTO) expects a hotel occupancy rate between 70 per cent to 80 per cent <\/strong>during the Labour Day break.<\/p>\n\n\n\n

Hong Kong <\/strong>has recently announced they want to resume the flow of people between its country<\/a>, Guangdong and Macau by easing quarantine requirements<\/strong>.<\/p>\n\n\n\n

However, Macau authorities warned a travel bubble with Hong Kong will not be possible <\/strong>until the latter registers no local infections for 14 consecutive days.<\/p>\n\n\n\n

Melco Resorts CEO said: “China has a zero-tolerance policy with regards to Covid-19 cases. So I think Macau would have to balance the Hong Kong travel corridor<\/strong> with not jeopardizing what they have with China right now.”<\/p>\n\n\n\n

David Sisk<\/strong>, Melco chief operating officer, believes the company will reach pre-pandemic levels at the end of the year<\/strong> while he is seeing with optimism the booking rates for the upcoming Labour Day break.<\/p>\n","protected":false},"excerpt":{"rendered":"

Melco Resorts Chairman stated that although a travel bubble between Hong Kong and Macau would be great news, mainland China is the most important market.<\/p>\n","protected":false},"author":176,"featured_media":17385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco Resorts' Chairman, Lawrence Ho, underscored mainland China's paramount importance to Macau's gaming market, despite potential benefits from a Hong Kong travel bubble. Macau's stringent COVID-19 protocols, mirroring China's zero-tolerance policy, prioritize maintaining the robust mainland corridor over a Hong Kong link until infection risks are fully mitigated. The company anticipates a return to pre-pandemic operational levels by year-end, buoyed by strong mainland visitor numbers.","focusai_entities":"Melco Resorts, Lawrence Ho, David Sisk, Macao Government Tourism Office, MGTO","focusai_location":"Hong Kong, Macau, China, Guangdong","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.8), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Impact?","query":"What is the projected GGR impact for Macau operators if the Hong Kong travel bubble remains unestablished through Q3 2021, considering the current mainland China visitor growth?"},{"label":"Melco Capital Allocation?","query":"How might Melco Resorts' capital allocation strategy for Macau properties shift if the reliance on mainland China visitation intensifies, potentially delaying non-gaming diversification efforts?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,18488],"class_list":["post-17376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17376","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17376"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17376\/revisions"}],"predecessor-version":[{"id":17377,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17376\/revisions\/17377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17385"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}