{"id":777009397,"date":"2023-09-19T07:32:34","date_gmt":"2023-09-19T10:32:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009397"},"modified":"2026-04-22T17:58:11","modified_gmt":"2026-04-22T20:58:11","slug":"macau-hotel-sector-reports-us794-4m-deficit-in-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-hotel-sector-reports-us794-4m-deficit-in-2022","title":{"rendered":"Macau hotel sector reports US$794.4m deficit in 2022"},"content":{"rendered":"\n<p>The performance was due to the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The Macau hotel sector had a combined <strong>deficit of MOP6.4bn (US$794.4m)<\/strong> in 2022 due to the impact of the Covid-19 pandemic. Official data reveals that total receipts and expenditures amounted to MOP14.7bn (US$1.8bn) and MOP21.1bn (US$2.6bn), respectively. These represented year-on-year declines of 23.8 per cent and 7.1 per cent.<\/p>\n\n\n\n<p>There were two new establishments, bringing the total number of hotels to 133. However, the number of employees in the sector fell by 4,401 to 35,749. Employee compensation remained the biggest expense at MOP10.14bn (US$1.2bn), followed by operating expenses at US$1.1bn. Macau\u2019s visitor arrivals in 2022 were the lowest since 1999 at <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-visitor-arrivals-down-26-in-2022\" target=\"_blank\">5.70m<\/a>.<\/p>\n\n\n\n<p>The Macau\u00a0<strong>Gaming Sector Survey 2022<\/strong>\u00a0reported that <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-sector-economic-contribution-fell-by-51-6-in-2022\" target=\"_blank\">gross value added by the gaming industry in 2022<\/a>\u00a0dropped by 51.6 per cent compared to the previous year to MOP30.37bn (US$3.76bn). The\u00a0<strong>Statistics and Census Service (DSEC)\u00a0<\/strong>reported a 72.8 per cent year-on-year decrease in the gross surplus of the gaming sector, with pre-tax earnings totalling MOP11.56bn. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The performance was due to the Covid-19 pandemic.<\/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 hotel sector recorded a combined deficit of MOP6.4bn (US$794.4m) in 2022, with total receipts and expenditures declining by 23.8% and 7.1% respectively, primarily due to the Covid-19 pandemic. Concurrently, the gaming industry's gross value added plummeted by 51.6% to MOP30.37bn (US$3.76bn), and its gross surplus decreased by 72.8% year-on-year, underscoring severe operational and financial contraction across both verticals.","focusai_entities":"Statistics and Census Service (DSEC)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.98), investor_analyst (0.97), supplier_vendor (0.85), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Macau Recovery Outlook?","query":"What are the projected timelines and key indicators for the recovery of Macau's GGR and hotel sector profitability, considering the 2022 performance baseline?"},{"label":"Regulatory Response Impact?","query":"How might Macau's regulatory bodies adjust licensing frameworks or fiscal policies to support the recovery of the gaming and hospitality sectors following the significant 2022 downturn?"}],"footnotes":""},"categories":[157,16338],"tags":[23632,23906],"class_list":["post-777009397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-integrated-resorts","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009397","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=777009397"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009397\/revisions"}],"predecessor-version":[{"id":777009410,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009397\/revisions\/777009410"}],"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=777009397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}