Expectations for Macau’s October Golden Week continue to rise. Authorities now expect 40,000 daily visitors during the national holiday.<\/p>\n\n\n\n\n\n\n\n
Macau.- Macau’s expectations for the October Golden week continue to rise<\/strong>, and the government hopes for a strong boost for the economy.<\/p>\n\n\n\n Macao Government Tourism Office director\u00a0Maria Helena de Senna Fernandes had hoped to<\/strong>\u00a0receive 35,000 visitors a day<\/strong>\u00a0during the\u00a0October Golden Week<\/a>.\u00a0 However,\u00a0Andy Wu, president of the Travel Industry Council of Macau\u00a0<\/strong>has raised expectations to 40.000 daily visitors<\/strong>.<\/p>\n\n\n\n This year the October Golden Week will be held through the first seven days of the month as the holiday period incorporates China\u2019s National Day on October 1.<\/p>\n\n\n\n In an interview with GGRAsia, Andy Wu Keng Kuong said: “It is possible that we could see Macau\u2019s average hotel occupancy rate be in the range of 70 per cent to 80 per cent for the National Day break.”<\/p>\n\n\n\n The national statistics bureau has reported that 409,207 visitors arrived in Macau last month, down 48.2 per cent when compared to July, when the city recorded 789,407 visitors<\/a>. <\/p>\n\n\n\n Macau also saw a decline in GGR in August<\/a>, a month that was impacted by local cases of Covid-19<\/a> and hundreds of cancelled flights. At MOP$4.44bn (US$554.5m), August\u2019s GGR was the lowest since September 2020<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Expectations for Macau’s October Golden Week continue to rise. Authorities now expect 40,000 daily visitors during the national holiday.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 anticipates 40,000 daily visitors during the October Golden Week, a significant increase from earlier projections, aiming to boost the local economy. This optimism follows a challenging August, which saw visitor arrivals decline by 48.2% month-on-month and GGR fall to MOP$4.44bn, the lowest since September 2020, primarily due to Covid-19 impacts.","focusai_entities":"Maria Helena de Senna Fernandes, Macao Government Tourism Office, Andy Wu, Travel Industry Council of Macau, GGRAsia","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Golden Week GGR Impact","query":"What is the projected GGR uplift for Macau's integrated resorts during the October Golden Week, considering the anticipated 40,000 daily visitors and 70-80% hotel occupancy?"},{"label":"Q4 Recovery Outlook","query":"How do the current Golden Week projections and August GGR performance influence the overall Q4 2023 recovery outlook for Macau's gaming market and its major concessionaires?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-22910","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22910","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=22910"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22910\/revisions"}],"predecessor-version":[{"id":22940,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22910\/revisions\/22940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Macau received 409,207 arrivals in August<\/h2>\n\n\n\n