Some 16 hotels under construction during Q1

A total of 16 hotels representing some 6,252 rooms were under construction during the first quarter of this year, data published today (Wednesday) by the Land and Urban Construction Bureau shows.

The hotel projects under construction also represented a total of 389,881 square meters in gross room construction area.

During the same period, a total of 18 hotels amounting to 1,822 rooms were in the design phase.

As of February, 2022 there were some 119 operating hotels in the SAR, with the number of available hotels increasing by 19 per cent year-on-year to 38,600.

The average occupancy rate has also reached 45.6 per cent as of March, with average room rates dropping by 11 per cent year-on-year to MOP791 (US$100).