Analysts have predicted that Macau’s GGR for November could be down by 70 per cent when compared to pre-pandemic levels, mainly due to travel restrictions and new cases of Covid-19 in mainland China.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts predict that Macau’s GGR<\/strong> will remain low in November. Morgan Stanley Asia Ltd forecasts that November GGR will be up 57 per cent month-on-month<\/strong> from MOP4.37bn (US$544m) to MOP6.9bn (US$860.9m) but down 30 per cent when compared to November 2019.<\/p>\n\n\n\n The figure recorded in October<\/a> was the lowest monthly GGR of 2021, down 25.8 per cent month-on-month and 40 per cent year-on-year. It was below even August when the city recorded GGR of MOP$4.44bn (US$554.5m)<\/a>. Macau suffered an outbreak of local Covid-19 cases<\/a> at the beginning of the month, which caused low tourist arrivals for October’s Golden Week.<\/p>\n\n\n\n Analysts said November’s figure will remain low<\/strong> mainly due to a recent Covid-19 outbreak in mainland China, <\/strong>which could spread to the neighbouring province of Guangdong. Sanford C. Bernstein Ltd also forecasts that November GGR may be down 60 per cent <\/strong>when compared to pre-pandemic levels. It doesn’t believe travel restrictions will be eased until next year.<\/p>\n\n\n\n However, the Macao Government Tourism Office (MGTO) has reported that average daily visits have shown a steady rebound. According to a press release issued at noon on Monday, 30,512 tourists visited Macau on Friday and 29,990 on Saturday.<\/p>\n\n\n\n The recovery started after Zhuhai eased restrictions<\/a> <\/strong>for people who have travelled from Macau and will no longer require a 14-day quarantine. <\/p>\n\n\n\nMacau: daily arrivals show a steady rebound<\/h2>\n\n\n\n