According to a Morgan Stanley survey, five out of 23 hotels are fully booked for China’s Golden Week holiday in October.<\/p>\n\n\n\n\n\n\n\n
Macau.- Tourism is slowly returning to the SAR after the pandemic crisis. According to a survey conducted by Morgan Stanley, five out of 23 Macau hotels are already fully booked for China\u2019s Golden Week holiday in October.<\/p>\n\n\n\n
The Ritz-Carlton Macau at the Galaxy Macau resort, and StarWorld Hotel, both run by Galaxy Entertainment Group said they were fully booked, as did Melco Resorts’ Morpheus at City of Dreams Macau and Studio City. Sands China’s Four Seasons Macao also said it was booked up for the week.<\/p>\n\n\n\n
Analysts Praveen Choudhary, Gareth Leung and Thomas Allen said: \u201cWe are seeing meaningful improvement in occupancy before and during Golden Week. <\/p>\n\n\n\n
The recognised, however, that average daily gross gaming revenue (GGR) \u201cremains weak”.<\/p>\n\n\n\n
October’s Golden Week this year falls between October 1 and October 8. This year it incorporates China’s lunar-based Mid-autumn Festival as well as the annual National Day holiday on October 1.<\/p>\n\n\n\n
In 2019, Morgan Stanley’s hotel survey found that 19 out of 23 Macau hotels were fully booked before the holiday period.<\/p>\n\n\n\n
However, analysts believe the resumption of visas for the whole of mainland China from September 23 is likely to stil drive booking numbers higher before this year’s holiday. <\/p>\n\n\n\n
They said: \u201cThe National Individual Visit Scheme [tourism visas] will resume from September 23, one week before October Golden Week, which should drive hotel occupancy higher.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
According to a Morgan Stanley survey, five out of 23 hotels are fully booked for China’s Golden Week holiday in October.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A Morgan Stanley survey indicates five of 23 Macau hotels are fully booked for China's Golden Week, signaling a gradual tourism recovery post-pandemic. While occupancy shows meaningful improvement, average daily GGR remains weak. Analysts anticipate further booking increases following the resumption of mainland China visas from September 23.","focusai_entities":"Morgan Stanley, Galaxy Entertainment Group, Melco Resorts, Sands China, Praveen Choudhary, Gareth Leung, Thomas Allen, The Ritz-Carlton Macau, StarWorld Hotel, Morpheus, City of Dreams Macau, Studio City, Four Seasons Macao","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact of Visa Resumption?","query":"What is the projected GGR impact of the full visa resumption for mainland China on Macau's Q4 performance, considering the current weak average daily GGR despite improved occupancy?"},{"label":"Macau Recovery Trajectory?","query":"How do current Golden Week occupancy rates compare to pre-pandemic levels, and what does this signify for the long-term recovery trajectory and investment outlook of Macau's integrated resorts?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,13011,257,9905],"class_list":["post-9998","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-hotel","tag-macau","tag-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9998","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=9998"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9998\/revisions"}],"predecessor-version":[{"id":10006,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9998\/revisions\/10006"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}