{"id":777025560,"date":"2025-04-22T03:11:25","date_gmt":"2025-04-22T06:11:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025560"},"modified":"2026-04-21T23:40:59","modified_gmt":"2026-04-22T02:40:59","slug":"morgan-stanley-expects-weak-labour-day-break-in-macau","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/morgan-stanley-expects-weak-labour-day-break-in-macau","title":{"rendered":"Morgan Stanley expects weak Labour Day break in Macau"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Morgan Stanley has predicted a lower average daily rate compared to last year&#8217;s break.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- <strong>Morgan Stanley <\/strong>has predicted that the upcoming Labour Day holiday could see average daily rates (ADRs) in Macau 14 per cent lower than during this year&#8217;s Lunar New Year holiday and 2 per cent lower than in last year&#8217;s May Golden Week. Occupancy rates are running 5 percentage points lower than during the Lunar New Year but 4 points higher than during last May&#8217;s holiday period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts said that although gross gaming revenue (GGR) increased by 1 per cent in year-on-year terms, the industry\u2019s earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first quarter is likely to be down by 5 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2024, 604,395 visitors arrived in Macau during <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-receives-604395-visitors-during-labour-day-holiday\" target=\"_blank\" rel=\"noreferrer noopener\">the Labour Day golden week<\/a> from May 1 to 5.\u00a0The five-day figure represented<strong> 84 per cent<\/strong> of what was recorded during the holiday in 2019. The Statistics and Census Service (DSEC) reported that the average hotel occupancy rate was 89.2 per cent, a rise of 4.5 percentage points year-on-year.\u00a0The peak day was on May 2, with 95.1 per cent occupancy.<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2024\/02\/Donaco-revenue-down-to-AU2.8-in-Q1-due-to-Covid-19-restrictions-300x200.jpg\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/macau-ggr-rises-slightly-in-march'>Macau GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley has predicted a lower average daily rate compared to last year&#8217;s break.<\/p>\n","protected":false},"author":176,"featured_media":26764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Morgan Stanley forecasts lower average daily rates for Macau's Labour Day holiday compared to Lunar New Year and last year's Golden Week, despite a slight year-on-year GGR increase. Q1 EBITDA is projected to decline by 5% year-on-year, indicating potential margin pressure. Visitor numbers for the period reached 84% of 2019 levels, with average hotel occupancy at 89.2%.","focusai_entities":"Morgan Stanley, Statistics and Census Service (DSEC)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EBITDA vs. GGR Discrepancy?","query":"What specific operational cost pressures or revenue mix shifts are contributing to the projected Q1 EBITDA decline despite a year-on-year GGR increase in Macau?"},{"label":"Macau Recovery Trajectory?","query":"How do the current average daily rates and visitor volume trends for Macau's Labour Day holiday impact the long-term recovery trajectory and market outlook for integrated resorts?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777025560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025560","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=777025560"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025560\/revisions"}],"predecessor-version":[{"id":777025591,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025560\/revisions\/777025591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}