Tourist spending reached MOP17.48bn (US$2.16bn).<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Macau’s Statistics and Census Service\u00a0has reported the city saw non-gaming tourist spending of MOP17.48bn (US$2.16bn) in the second quarter of 2023. That’s a rise of 16.7 per cent from the previous quarter.<\/p>\n\n\n\n
The upswing coincides with a rise in visitor arrivals of 35.3 per cent to nearly 6.7 million<\/a>. However, non-gaming spending grew at a slower pace than gross gaming revenue (GGR). In July, Macau’s gaming regulator reported second-quarter casino GGR of MOP45.49bn<\/strong><\/a>, up 31.3 per cent from the preceding quarter.<\/p>\n\n\n\n Authorities reported that visitors spent an average of MOP2,610 during visits to Macau from April to June. That’s a slight decline from the average MOP3,027 in the previous quarter. Shopping was the dominant segment, accounting for 48.5 per cent of visitor expenditure. Accommodation followed, representing 24.5 per cent, while food and beverage made up 17.4 per cent.<\/p>\n\n\n\n See also:<\/strong> Macau casino operators shift focus to non-gaming, analysts say<\/a><\/p>\n\n\n\n Macau’s government views the development of non-gaming activities as crucial to its economic diversification strategy<\/strong>. This was taken into account when assessing applications for the new 10-year Macau gaming concessions that began January.<\/p>\n\n\n\n The six Macau casino operators have collectively pledged\u00a0to invest a minimum of MOP108.7bn (US$13.48bn) in non-gaming initiatives<\/a>\u00a0and to explore overseas markets. They will be required to\u00a0increase their non-gaming investment<\/a>\u00a0by\u00a0around 20 per cent<\/strong>\u00a0of their initial pledge if Macau\u2019s annual gross gaming revenue reaches MOP180bn (US$22.45bn) by 2027.<\/p>\n","protected":false},"excerpt":{"rendered":" Tourist spending reached MOP17.48bn (US$2.16bn).<\/p>\n","protected":false},"author":176,"featured_media":21513,"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's Q2 2023 non-gaming tourist spending reached MOP17.48bn, a 16.7% increase quarter-on-quarter, coinciding with a 35.3% rise in visitor arrivals. Despite this growth, non-gaming expenditure lagged behind the 31.3% GGR increase to MOP45.49bn. This data underscores the government's strategic imperative for economic diversification, compelling the six concessionaires to commit MOP108.7bn to non-gaming initiatives and explore overseas markets as part of their new 10-year licenses.","focusai_entities":"Macau\u2019s Statistics and Census Service, Macau gaming regulator, Macau casino operators","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), operator_casino (1.0), investor_analyst (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Non-gaming investment ROI?","query":"What is the projected return on investment for the MOP108.7bn non-gaming commitments by Macau's concessionaires, and how will this impact their overall profitability metrics?"},{"label":"Diversification strategy efficacy?","query":"How will Macau's government assess the efficacy of its non-gaming diversification strategy, particularly if GGR growth continues to outpace non-gaming expenditure?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777008326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008326","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=777008326"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008326\/revisions"}],"predecessor-version":[{"id":777008335,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008326\/revisions\/777008335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}