Friday, April 26, 2024

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Daily Asia Gaming eBrief: Cambodia bets big on Chinese tourism

China is actively encouraging investment in and the development of Cambodia, notes an expert, pointing out that increased flights between the nations and the build–out of airports will further strengthen tourism and business. The nation's gaming industry could, however, be facing heavy competition in the near future, as Thailand aims to steal the regional gaming crown.

Genting operations in Singapore and Malaysia to benefit from Chinese tourism uptick in 2024

Genting Malaysia and Genting Singapore should benefit greatly from the return of Chinese visitors in 2024, according to brokerages Hong Leong Investment Bank (HLIB) Research and Maybank.

Donaco hoping Chinese tourism in Vietnam will improve group’s overall performance

Donaco International Limited has seen a decline in its net revenue and operational results in the second quarter of this year, despite an improvement in its Aristo International Hotel property in Vietnam after border repinings with China

Online travel giant Trip.com confident in Chinese outbound travel as tourism recovery continues

Trip.com Group's CEO, Jane Sun, believes that Chinese outbound travelers will gradually increase as international flights resume, and visa applications continue to rise.

China Ecotourism won sports lottery terminal supply tender for one more Chinese province

China Ecotourism Group, formerly known as China LotSynergy has announced that its subsidiary has won the lottery terminals procurement tenders to supply lottery terminals to Sports Lottery Administration Centers in Guizhou Province.

Recovery in Chinese outbound tourism to reach meaningful levels by mid-2023: Maybank

Analysts at Maybank view are optimistic about the recovery in Chinese outbound tourism, indicating that after a tepid start, “the recovery in Chinese outbound tourism is accelerating and will reach more meaningful levels by mid-2023”.

Chinese tour groups resume today, Macau and HK fight to get lion’s share of outbound tourism

Tour groups from mainland China to Macau are restarting today, as the country finalizes its opening-up policy, with both Hong Kong and Macau fighting to get their share of the pent-up demand from their neighbor.

Tourism may lease life to the Chinese economy as zero-policy expected to continue through 2023

Chinese GDP is expected to take a hit even in 2023 as the Mainland continues to stress of the “Zero-COVID” policy - tourism demand to provide a breather.

Your Daily Asia Gaming eBrief: Chinese rediscover local tourism, but Golden Week disappointed

Golden Week was a wash for Macau, but wasn't as positive as had been expected within China itself either.

Chinese rediscover local tourism, but Golden Week disappointed

Golden Week was a washout for Macau, but even for the rest of China, spending and travel trends were lower than had been expected, according to Professor Wolfgang Arlt, founder of the China Outbound Tourism Institute (COTRI).