Sanford C. Bernstein Ltd has predicted that the removal of travel barriers to enter Macau won’t happen until 2022.<\/p>\n\n\n\n\n\n\n\n
Macau.- According to analysts at\u00a0Sanford C. Bernstein Ltd<\/strong>, Macau is unlikely to remove its\u00a0travel restrictions <\/strong>for people coming from places beyond mainland China before 2022.<\/p>\n\n\n\n However, analysts predicted GGR will start to improve in the fourth quarter.\u00a0GGR in September<\/a>\u00a0could reach about 30 per cent of pre-pandemic levels and 40 per cent in October.<\/p>\n\n\n\n They added: “Longer term, Individual Visit Scheme eVisa, group visa restart, and Hong Kong travel resumption will be necessary to drive gross gaming revenue (GGR) upwards.”<\/p>\n\n\n\n The Macau Government Tourism Office<\/a>\u00a0(MGTO) has predicted\u00a0the city could receive 30,000 visitors per day<\/strong>\u00a0during the October Golden Week.<\/p>\n\n\n\n According to Macau TDM, Andy Wu, president of the Travel Industry Council of Macau<\/strong>, said: \u201cThe number of tourists keeps rising, especially during weekends, after the validity period of the nucleic acid test is reverted to seven days.<\/p>\n\n\n\n \u201cWhen it comes to the October 1 Golden Week, I hope we can exceed the record of 30,000 visitors per day <\/strong>during the May Day Golden Week.\u201d<\/p>\n\n\n\n Last year, the\u00a0number of visitors<\/a>\u00a0entering the city surpassed 20,000 a day on average.<\/p>\n\n\n\n Authorities in Hong Kong<\/a> have recently announced that Macau ID holders and Guangdong residents <\/strong>could travel to Hong Kong without compulsory quarantine on arrival from September 15.<\/p>\n\n\n\n Hong Kong will run a campaign dubbed Come2HK<\/strong>. Visitors will need to show a negative Covid-19 test and undergo further testing during their stay in Hong Kong.<\/p>\n\n\n\n Lei Wai Nong<\/strong>, Macau\u2019s secretary for economy and finance has said that Macau is revising GGR forecasts for the year <\/strong>for the city\u2019s revised budget, which will be submitted to the Legislative Assembly.<\/p>\n\n\n\n The announcement was made after the city recorded GGR or MOP$4.44bn (US$554.5m) for August<\/a>, down 47.7 per cent month-on-month and the lowest monthly GGR figure since September 2020.<\/p>\n\n\n\nMacau to revise 2021 GGR forecast<\/h2>\n\n\n\n