{"id":777013716,"date":"2024-03-06T10:11:53","date_gmt":"2024-03-06T13:11:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013716"},"modified":"2026-04-22T12:20:17","modified_gmt":"2026-04-22T15:20:17","slug":"mainland-ivs-to-boost-tourism-in-macau-and-hong-kong-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mainland-ivs-to-boost-tourism-in-macau-and-hong-kong-analysts-say","title":{"rendered":"Mainland IVS to boost tourism in Macau and Hong Kong, analysts say"},"content":{"rendered":"\n

Goldman Sachs predicts the addition of Xi\u2019an and Qingdao to the Individual Visitation Scheme will boost Macau and Hong Kong tourism.<\/p>\n\n\n\n\n\n\n\n

Macau.- Investment banking firm\u00a0Goldman Sachs<\/strong>\u00a0has highlighted the potential impact of\u00a0the decision to expand the Individual Visitation Scheme (IVS)<\/a>\u00a0to include two additional cities: Xi\u2019an and Qingdao.\u00a0According to analysts, this expansion could logically increase visitation in Macau and Hong Kong.<\/p>\n\n\n\n

The move takes number of IVS cities from 49 to 51, while the scheme’s coverage of mainland China’s population and GDP will expand from 32 per cent and 45 per cent to 33 per cent and 47 per cent, respectively.<\/p>\n\n\n\n

They noted that Macau’s gross gaming revenue (GGR) for February<\/a>\u00a0reached MOP18.5bn, indicating a recovery to 70 per cent of pre-Covid-19 levels. However, this figure represents a decline compared to the recovery rates reported in January and December last year, attributed to a post-Chinese New Year slowdown.<\/p>\n\n\n\n

The investment bank attributed the decline in GGR to a sharper-than-expected slowdown following the Chinese New Year holidays. Daily GGR declined from MOP715m during the first two weeks of February to MOP543m in the last one to two weeks, returning to its run-rate of late last year.<\/p>\n\n\n\n

Analysts estimate that mass-market GGR in February was tracking at over 100 per cent of the pre-pandemic run-rate, assuming a steady trend in VIP GGR at around 30 per cent of pre-pandemic levels.<\/p>\n\n\n\n

In March and April, analysts at Goldman Sachs expect that\u00a0GGR will remain stable due to seasonal factors, before picking up again during Labour Day holidays. <\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs predicts the addition of Xi\u2019an and Qingdao to the Individual Visitation Scheme will boost Macau and Hong Kong tourism.<\/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":"Goldman Sachs forecasts increased tourism for Macau and Hong Kong due to the expansion of the Individual Visitation Scheme (IVS) to include Xi'an and Qingdao, broadening its mainland China coverage. While Macau's February GGR reached 70% of pre-COVID levels, a post-Chinese New Year slowdown impacted daily GGR, though mass-market GGR is tracking above pre-pandemic rates. Analysts anticipate stable GGR in March\/April before a Labour Day holiday surge.","focusai_entities":"Goldman Sachs","focusai_location":"Macau, Hong Kong, Xi'an, Qingdao, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IVS Expansion GGR Impact?","query":"What is the projected long-term GGR uplift for Macau casino operators resulting from the expanded IVS coverage, considering historical visitation conversion rates and average spend per visitor?"},{"label":"Mass Market Sustainability?","query":"Given the reported mass-market GGR exceeding pre-pandemic levels, what specific operational and marketing strategies are Macau operators deploying to sustain this growth trajectory amidst VIP segment stagnation?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777013716","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\/777013716","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=777013716"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013716\/revisions"}],"predecessor-version":[{"id":777013747,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013716\/revisions\/777013747"}],"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=777013716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}