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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

Bill on minimum wage for cleaners, guards passed

Lawmakers give final reading to bill setting the minimum at MOP30 an hour

Govt gives young entrepreneurs MOP109.7 mln leg-up

Much of Young Entrepreneurs Aid Scheme money goes to retailers, wholesalers

Utility of Macau Pass card readers now expandable

Once adjusted, readers can accept Alipay Wallet UnionPay QuickPass payments

Airport H1 passenger throughput rises to 2.78 mln

Jetstar Pacific service to Macau from Ho Chi Minh City to begin in August
Headlines

Smoking ban cuts bank’s casino revenue forecast

Takings to drop US$3.4 bln if smoking banned in casinos, Deutsche Bank says

Gambling junket operators play the job loss card

Say smoking ban threatens the livelihoods of 3,000-5,000 of their employees

Drops in shop and factory prices forecast for H2

But estate agent sees more interest in opening shops in residential areas

Govt to table catch-all anti-smoking bill

Measure may harm economy, but public health takes priority, official says

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1. Gambling junket operators play the job loss card
2. Proportion of hotel bookings for junkets shrivels
3. Galaxy Entertainment boss questions smoking ban
4. Venetian Macao rips up sporting event contract
5. EIU raises 2015 GDP shrinkage forecast to 24 pct
 
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