{"id":8815,"date":"2020-08-08T16:06:56","date_gmt":"2020-08-08T16:06:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8815"},"modified":"2026-04-24T02:57:17","modified_gmt":"2026-04-24T05:57:17","slug":"londoner-to-open-when-visitation-shows-increase","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/londoner-to-open-when-visitation-shows-increase","title":{"rendered":"Londoner to open \u201cwhen visitation shows increase\u201d"},"content":{"rendered":"\n

Sands China’s US$2.2bn new hotel will be finished by the third quarter of 2020.<\/p>\n\n\n\n\n\n\n\n

Macau.- Casino operator Sands China is set to finish its new Londoner Hotel in Macau by the third quarter of 2020.<\/p>\n\n\n\n

The project has been advancing as planned and the firm says it will be finished by September<\/a><\/em><\/strong>.  <\/p>\n\n\n\n

But the operator has announced that the date for the official opening will depend on visitor numbers in Macau increasing \u2013 particularly business from mainland China.<\/p>\n\n\n\n

Sands China\u2019s president Wilfred Wong Ying Wai said the company was \u201cjust waiting for visitor numbers to show some obvious increase. Only by then, can we consider opening.\u201d<\/p>\n\n\n\n

The average occupancy rate for Macau hotel guest rooms was 27.2 percent in the first half of 2020, a decline of 63.9 percentage points year-on-year, According to Macau Statistics and Census Service.<\/p>\n\n\n\n

The Londoner Hotel is part of the renovation of Sands Cotai with a British-themed complex that mimics the architecture of the UK Houses of Parliament, including a similar clock tower to that which houses the famous bell, Big Ben. It will feature a 6,000-seat arena, a retail mall, street shows, a VR experience and restaurants.<\/p>\n\n\n\n

The budget for the project is US$2.2 billion so far but new capital is expected to be injected.<\/p>\n\n\n\n

Sands China said new restrictions imposed on travellers from Hong Kong had the potential for \u201csome impact\u201d on business for Macau casino operators.<\/p>\n\n\n\n

Travellers entering from Hong Kong must now show a negative nucleic acid test result for Covid-19, no older than 24 hours<\/a><\/em><\/strong> to enter Macau.<\/p>\n\n\n\n

\u201cOf course Hong Kong is important for us,\u201d said the executive, although he noted that \u201cin terms of proportion, mainland Chinese are our most important source of tourists.\u201d<\/p>\n\n\n\n

He said he agreed with the preventative measures Macau authorities have taken given the spike in Covid-19 cases in Hong Kong.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sands China’s US$2.2bn new hotel will be finished by the third quarter of 2020.<\/p>\n","protected":false},"author":2,"featured_media":8817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China's US$2.2 billion Londoner Hotel in Macau is set for completion by Q3 2020, but its official opening is contingent on a significant increase in visitor numbers, particularly from mainland China. The operator cites a drastic decline in Macau's hotel occupancy (27.2% in H1 2020) and new travel restrictions from Hong Kong as key factors impacting market readiness.","focusai_entities":"Sands China, Wilfred Wong Ying Wai, Macau Statistics and Census Service","focusai_location":"Macau, Hong Kong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What is the projected impact of continued low visitor numbers and travel restrictions on Macau's Q3\/Q4 2020 Gross Gaming Revenue (GGR) and Sands China's market share?"},{"label":"Capital Deployment Strategy?","query":"How will the delayed opening of The Londoner Hotel affect Sands China's return on capital employed (ROCE) for this US$2.2 billion investment, and what are the implications for future capital deployment strategies in the region?"}],"footnotes":""},"categories":[28,16338,158],"tags":[257,21680],"class_list":["post-8815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-macau","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8815","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8815"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8815\/revisions"}],"predecessor-version":[{"id":8830,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8815\/revisions\/8830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8817"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}