Visitor movements dropped in Ching Ming/Easter holiday period

The number of visitor entries and exits was actually lower during the Ching Ming/ Easter holiday period than in the week before, data provided by the Public Security Police Force (CPSP) reveals.

According to information provided by police authorities today, the total amount of entries and exists by tourists registered between March 31 and April 6 in local borders decreased by 22 per cent from the previous week.

An average of 40,850 tourist movements was reported during the seven day period, with the highest amount reported on April 4 (Easter Sunday) when about 47,500 tourist entries and exits were reported.

According to brokerage Sanford C Bernstein, gross gaming revenues remained flat in the first six days of April, with an estimated MOP$1.5 billion (US$187 million) or MOP$ 250 million per day reported.

“While visitation has been picking up, what is evidently relatively weak GGR clearly indicates lower spend per visitor,” said Bernstein analysts indicated in a note published today.