Booking rates at hotels have already reached 60-70 per\u00a0cent.<\/p>\n\n\n\n\n\n\n\n
Macau.- An average of 680,000 border crossings per day is expected during the Labour Day holiday, which begins tomorrow (Wednesday, May 1) and ends on Sunday, May 5. Lei Tak Fai<\/strong>, head of the Public Relations Division of the Public Security Police Force (CPSP) has forecast that peak days will exceed 700,000 crossings, with the Border Gate checkpoint expected to see the highest traffic.<\/p>\n\n\n\n Lam Tong Hou<\/strong>, head of the Public Relations Division of the Macao Government Tourism Office (MGTO), has anticipated a daily visitor influx of 130,000 during the holiday period, surpassing the Qingming festival and Easter holiday. Hotel booking rates have already reached 60-70 per cent and are expected to rise beyond 80-90 per cent. <\/p>\n\n\n\n Last year,\u00a0the city received 491,968 visitors<\/a>\u00a0<\/strong>during the holiday period; a daily\u00a0average of 98,400.\u00a0However, numbers are tracking much higher this year, with nearly 9 million visitor arrivals recorded in the first quarter of 2024<\/a>, representing 85 per cent of pre-Covid-19 levels.\u00a0<\/p>\n\n\n\n Morgan Stanley Asia<\/a> predicted that this year\u2019s Labour Day holiday season will generate daily gross gaming revenue (GGR) of between MOP800m (US$99.1m) and MOP850m. This would be 73 to 77 per cent of the 2019 level and 5 to 10 per cent below this year\u2019s Chinese New Year<\/a> between February 10 and 17.<\/p>\n","protected":false},"excerpt":{"rendered":" Booking rates at hotels have already reached 60-70 per\u00a0cent.<\/p>\n","protected":false},"author":176,"featured_media":26653,"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 anticipates a significant surge in visitor arrivals and border crossings during the upcoming Labour Day holiday, with daily visitor influx projected at 130,000 and hotel booking rates expected to exceed 80-90%. Morgan Stanley Asia forecasts daily Gross Gaming Revenue (GGR) between MOP800m and MOP850m, indicating a robust recovery to 73-77% of 2019 levels, albeit slightly below Chinese New Year 2024 performance.","focusai_entities":"Lei Tak Fai, Public Security Police Force, Lam Tong Hou, Macao Government Tourism Office, Morgan Stanley Asia","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.98), marketing_crm (0.75), investor_analyst (0.97), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR vs. 2019 Levels?","query":"What specific factors contribute to the projected GGR for the Labour Day holiday remaining 23-27% below 2019 levels, despite visitor arrivals approaching 85% of pre-COVID figures?"},{"label":"Impact on Mass vs. VIP?","query":"How might the anticipated visitor demographic for the Labour Day holiday influence the GGR split between mass market and VIP segments, and what are the implications for operator profitability?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777015128","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\/777015128","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=777015128"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015128\/revisions"}],"predecessor-version":[{"id":777015154,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015128\/revisions\/777015154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26653"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}