Hotel occupancy went up and price dropped in June

In the month of June, the city’s occupancy rate increased by 3.1 percentage points year-on-year to 88.5 per cent, according to the latest data gathered by the Macau Hotel Association (MHA) and revealed by the Macao Government Tourism Office (MGTO).
However, the occupancy rate dropped by 1.3 percentage points when compared to May’s rate.
The official data shows that more people were staying in 3-star hotels, which had a 91.5 per cent occupancy rate, but the rate had just slightly increased by 1.4 percentage points when compared to 90.1 per cent a year ago.
Rooms from 5-star hotels were, in fact, experiencing the biggest annual differences, with the rate at 88 per cent, up 6.2 percentage points year-on-year.
For 4-star hotels, the occupancy rate was 88.3 per cent, also increased by 2.9 percentage points when compared to 85.4 per cent a year ago during the same month.
Meanwhile, average room price in June dropped by 5 per cent year-on-year, costing some MOP1,174.8 (US$146.1).
Specifically, the price for a 3-star hotel room was MOP730.9, down 7.5 per cent when compared to MOP789.9 in June 2016.
Among all the level of hotel ratings, 4-star hotel rooms were the only that registered a year-on-year increase in the price, at MOP704.4, increased slightly by 1.1 per cent.
As at June this year, the accumulative occupancy rate stood at 87.2 per cent, up 6.3 percentage points when compared to 80.9 per cent the previous year.
Regarding the accumulative prices, according to MGTO, the average price of room cost, around MOP1,249.6, decreased by 3.5 per cent year-on-year.
There are currently 41 hotel premises in the city, as quoted by MHA.