Hotel occupancy well positioned in the region

The city’s revenue per available hotel room hit US$146 (MOP1,172) as in the month of March this year with 85.2 per cent hotel occupancy rate, according to Jones Lang Lasalle’s (JLL) latest report on Hotel Destinations Asia Pacific of May 2017.
Following Hong Kong, Macau had the second largest number of visitor arrivals of cities in the Asia Pacific region in 2016, hitting 31 million.
By comparison, the occupancy rate of other markets such as Hanoi, Ho Chi Minh City and Osaka were 85.2 per cent, 75.7 per cent and 78.9 per cent, respectively.
Meanwhile, Hong Kong, posted 56.7 million visitor arrivals in 2016, with an occupancy rate of 83.7 per cent and US$189 revenue per available room.
Other significant cities such as Seoul, Shanghai and Singapore -6sted 71.7 per cent, 65.8 per cent and 85.3 per cent for their occupancy rate.
According to the Macao Tourism Office, the accumulative occupancy rate for the first four months of this year was 86.2 per cent, an increase of 6.6 percentage points year-on-year.
There are currently 41 3-star, 4-star and 5-star hotels, the Macau Hotel Association revealed, with a total of 3,101 new rooms being created in the city.
The hotels coming on stream in the city are The 13, MGM Cotai, Lisboa Palace, Palazzo Versace Macau and Roosevelt Hotel Macau.