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ISSUE 118 - Feb 2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 10 percent
 
 

Lunar New Year tourist numbers rise by 13 pct


Posted: 2/10/2014 12:25:25 PM
Rating:     0% ( votes)
  

There were 1.05 million visitors during the Lunar New Year holidays, 13 percent more than last year, according to official data.

The Macau Government Tourist Office said the number of mainlanders visiting between January 31 and Thursday had risen to 770,000 people, about 23 percent more than during the equivalent period last year.

The tourist bureau said the average occupancy rate of three-, four- and five-star hotels was 94.4 percent, 5.4 percentage points higher than last year.

Five-star hotels saw the biggest increase in their average occupancy, which rose by 6.3 percentage points to 97.2 percent.

The average room rate in three- to five-star hotels climbed by 17.5 percent to MOP2,387 (US$298).



Other Macau Latest News

Annual rate of economic contraction 26.4 pct in Q2

Govt statisticians blame shrinkage mainly on slump in gaming and tourism

July package tourists decrease to 820,000

Number of mainlanders visiting Macau on package tours drops to 686,600

Housing prices lower in July than a year earlier

Average cost of residential space MOP84,753 a square metre during the month

Paradise Entertainment dips into the red in H1

Makes HK$23.9 mln loss as mainland economy, anti-graft drive curb revenue
Headlines

July hotel occupancy rate falls to 80.6 pct

Average length of each hotel guest’s stay increases slightly to 1.4 nights

Success Universe swings into the red in H1

But casino operator detects signs of greater stability in the gaming market

Current account surplus MOP169.5 bln in 2014

Surplus slightly smaller than in 2013, but services trade surplus grows

July visitors decrease 3.8 pct to 2.65 mln

Fewer mainlanders and Koreans visit, but more tourists come from HK, Taiwan

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