{"id":777012711,"date":"2024-01-29T10:11:34","date_gmt":"2024-01-29T13:11:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012711"},"modified":"2026-04-22T13:35:54","modified_gmt":"2026-04-22T16:35:54","slug":"macau-to-add-3105-new-hotel-rooms-in-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-to-add-3105-new-hotel-rooms-in-2024","title":{"rendered":"Macau to add 3,105 new hotel rooms in 2024"},"content":{"rendered":"\n

Seven hotels are under construction in Macau and seven more are in the planning phase.<\/p>\n\n\n\n\n\n\n\n

Macau.- According to Macau’s Land and Urban Construction Bureau<\/strong>, seven new hotels were being built as of the fourth quarter of 2023, with the potential to add 3,105 rooms.\u00a0Additionally, seven new hotels were in the planning phase with an expected 851 rooms. <\/p>\n\n\n\n

In 2023, seven new hotels were completed, adding 1,792 rooms. Five were located on the Macau peninsula, one on the Cotai reclamation area and one in Taipa. The additional 1,792 hotel rooms cover 156,747 square meters<\/strong>, with 1,096 light motor vehicle parking spaces and 474 motorcycle parking spaces.<\/p>\n\n\n\n

Macau currently has 149 hotels, providing 48,405 rooms, according to official statistics.<\/p>\n\n\n\n

In December,\u00a0the Macao Government Tourism Office (MGTO)\u00a0<\/strong>reported that\u00a0Macau\u2019s five-star hotels<\/a>\u00a0had an average occupancy rate of 91.2 per cent. The average five-star room rate was MOP1,773.2 (US$220.19), up 29.3 per cent when compared to MOP1,371.3 in January 2023.<\/p>\n\n\n\n

For the full year 2023, the five-star occupancy was 85.8 per cent, and the average nightly rate was MOP1,509.9. For full year 2019, the five-star occupancy was 92.3 per cent, and the average nightly rate was MOP1,644.0. In the four-star hotel category, December 2023 occupancy was 86.5 per cent, up from 70.1 per cent in January 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

Seven hotels are under construction in Macau and seven more are in the planning phase.<\/p>\n","protected":false},"author":176,"featured_media":26708,"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 is experiencing significant expansion in its hospitality sector, with seven new hotels under construction and seven more in the planning phase, poised to add over 3,900 rooms. This development follows the completion of seven hotels in 2023, which contributed 1,792 rooms, reflecting robust growth in accommodation capacity. The market demonstrates strong performance, with five-star hotels achieving a 91.2% occupancy rate in December 2023 and average room rates increasing by 29.3% year-on-year, indicating a healthy recovery and demand within the integrated resort ecosystem.","focusai_entities":"Macau\u2019s Land and Urban Construction Bureau, Macao Government Tourism Office (MGTO)","focusai_location":"Macau, Cotai, Taipa","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"GGR Impact","query":"What is the projected impact of this increased hotel capacity and sustained high occupancy rates on Macau's Gross Gaming Revenue (GGR) for the upcoming fiscal year, considering the historical correlation between tourism volume and gaming spend?"},{"label":"Non-Gaming Revenue","query":"How are integrated resort operators in Macau leveraging the expanded hotel inventory and strong room rates to optimize non-gaming revenue streams, and what specific strategies are being deployed to enhance the overall visitor value proposition?"}],"footnotes":""},"categories":[157,16338],"tags":[23632,23907],"class_list":["post-777012711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-integrated-resorts","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012711","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=777012711"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012711\/revisions"}],"predecessor-version":[{"id":777012729,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012711\/revisions\/777012729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26708"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}