Taiwan and Palau

Average hotel occupancy rate at 53 pct during Ching Ming holidays

The average hotel occupancy rate in the Macau SAR has reached 53.1 per cent during the Ching Ming Festival and Easter holiday period between April 2 and 6, more 4.5 percentage points than in the Spring Festival period as nearly 100,000 visitors crossed the SAR’s borders, data published by the Macao Government Tourism Office (MGTO) reveals.

During the same period some 99,568 visitor arrivals were reported, 90 per cent of which came from Mainland China.

The occupancy rates of 3-Star to 5-Star hotels reached 59 per cent, 53.4 per cent and 53.2 per cent, respectively, while 2-star hotels and guest houses reported an occupancy rate of only about 37 per cent.

Meanwhile, the average room rate of hotel establishments in Macau was about MOP953 (US$118) between April 2 and 6, less 23 per cent than the rate reported during the Lunar New Year, with the highest room rate reported by 5-star hotels at some MOP1,142

The MGTO also underlined that more promotional efforts will be rolled out for the May 1 Labor Day holiday, so as to draw more Mainland visitors to Macau for vacation and spending, in turn expanding visitor source and spurring economic revival.

According to brokerage Sanford C. Bernstein, gross gaming revenues remained flat in the first six days of April, with an estimated MOP1.5 billion or MOP250 million per day reported.