Authorities predict over 5 million entries and departures over the eight-day holiday period.<\/p>\n\n\n\n\n\n\n\n
Macau.- An average of 630,000 to 670,000 border crossings per day is expected during the Chinese New Year (CNY) holiday, which begins on January 28 and ends on February 4. Lei Tak Fai<\/strong>, head of the Public Relations Division of the Public Security Police Force (CPSP) has forecast that Macau could record between 5.04 and 5.36m cross-border movements during the holiday period. That would be an increase of at least 3 per cent compared to last year.<\/p>\n\n\n\n Lam Tong Hou<\/strong>, head of the Public Relations Division of the Macao Government Tourism Office (MGTO), has said that hotel booking rates have reached 80 per cent and are expected to rise beyond 90 per cent. A survey by Morgan Stanley found that average daily rates at hotels are expected to be\u00a015-40 per cent lower<\/strong>\u00a0than in 2024.<\/p>\n\n\n\n It found the average standard room rate during that week is HK$3,911 (US$503). The biggest price drops were seen at The Venetian Macau (down 60 per cent), Grand Lisboa Palace (down 54 per cent), Sands Macao and Versace Macau (both down 38 per cent). Some hotels have higher prices than last year. Rates at The Andaz Hotel at Galaxy Macau, the W Hotel at Melco\u2019s Studio City and The Parisian Macao were up by 6 to 15 per cent.<\/p>\n\n\n\n