Macau hotels and guest houses registered an occupancy rate of 83.2 per cent, which represents a 34.9 percentage point improvement from the 48.3 per cent occupancy rate during the Chinese New Year holiday.<\/p>\n\n\n\n\n\n\n\n
Macau.- The\u00a0Macao Government Tourism Office (MGTO)<\/strong> has\u00a0reported that the Labour Day break saw an average occupancy rate of \u00a083.2 per cent<\/strong> for hotels and guest houses, surpassing previous predictions from authorities.<\/p>\n\n\n\n During the\u00a0Labour Day break<\/a>, which lasted\u00a0from May 1 to 5,\u00a0<\/strong>165,500 tourists came to Macau. The first day was the peak, with 44,000\u00a0arrivals<\/a>.<\/p>\n\n\n\n Five-star hotels saw an 84.8 per cent occupancy rate<\/strong>,\u00a0while for three-star hotels the occupancy rate was 86.6 per cent.<\/p>\n\n\n\n According to the MGTO, the\u00a0rate was 34.6 percentage points better<\/strong>\u00a0than that seen during the Chinese New Year holiday.<\/p>\n\n\n\n Analysts have estimated that Macau’s GGR during the\u00a0Labour Day break\u00a0reached nearly\u00a0MOP400m (US$50m)<\/strong> per day, between 40 per cent and 50 per cent of pre-pandemic levels.<\/p>\n\n\n\n According to Macau News Agency, Fitch Ratings has predicted that this year the SAR could reach 53 per cent of Gross domestic product (GDP) levels seen before the pandemic.<\/strong><\/p>\n\n\n\n However, Macau remains highly dependant on an easing of travel restrictions and a strong vaccination plan.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Macau hotels and guest houses registered an occupancy rate of 83.2 per cent, which represents a 34.9 percentage point improvement from the 48.3 per cent occupancy rate during the Chinese New Year holiday.<\/p>\n","protected":false},"author":176,"featured_media":17667,"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 experienced an 83.2% hotel occupancy rate during the Labour Day break, significantly surpassing the Chinese New Year holiday and previous predictions. Daily GGR reached approximately MOP400m (US$50m), representing 40-50% of pre-pandemic levels. Fitch Ratings projects Macau's 2021 GDP could recover to 53% of pre-pandemic figures, contingent on eased travel restrictions and vaccination progress.","focusai_entities":"Macao Government Tourism Office, MGTO, Fitch Ratings, Macau News Agency","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Outlook?","query":"Given the Labour Day GGR performance and Fitch's GDP projections, what is the revised consensus outlook for Macau's full-year 2021 GGR, and what are the key dependencies for achieving pre-pandemic levels?"},{"label":"Operator Revenue Impact?","query":"How do these reported occupancy rates and daily GGR figures translate into projected Q2 and Q3 revenue uplifts for integrated resort operators within Macau, factoring in non-gaming contributions?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-17666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17666","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=17666"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17666\/revisions"}],"predecessor-version":[{"id":17685,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17666\/revisions\/17685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17667"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Macau may reach half of pre-pandemic GDP <\/strong><\/strong>in 2021<\/strong><\/h2>\n\n\n\n