Wednesday, July 24, 2024

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Macau eyes 33M visitor arrivals in 2024 due to IVS expansions

Macau tourism authorities have set a goal to welcome 33 million visitors in 2024. If realized, this would represent a nearly 17 percent increase from 2023.

Tours, IVS eVisas positive for Macau despite quarantines: Morgan Stanley

Even if HK/ China/ Macau quarantines are not removed, the relaxation for visitors coming from China using package tours and IVS could be positive for Macau, if fully implemented, and boom for stocks, leading brokerage Morgan Stanley reports.

Some China cities slowing Macau IVS issuance: J.P. Morgan

Some Mainland Chinese cities appear to be slowing or tightening the issuance of Macau individual visit scheme visas (IVS), although there is not enough evidence yet to draw meaningful conclusions, J.P. Morgan analysts wrote in a note.

Macau IVS scheme not suspended

Macau’s Novel Coronavirus Response and Coordination Center has refuted rumors that the Individual Visit Scheme (IVS) scheme between Macau and China has been suspended. 

Macau presses Beijing for IVS e-visa restart

Macau’s tourism officials are pressing the mainland government to restart the Individual Visit Scheme (IVS) electronic visa, which would allow for more seamless travel between the two countries. 

Macau’s visitor arrivals surged 43.6% in 1H24

Macau's visitor arrivals surged by 43.6 percent year-on-year to 16.7 million in the first half of 2024, recovering to 82.4 percent of the pre-pandemic levels in the same period of 2019. 

Macau receives 16.7M visitors in 1H24, 83 percent of pre-COVID levels

Macau welcomed approximately 16.73 million visitors from January to June 2024.

Macau’s July daily visitors averaging 87K, meeting expectations: MGTO

Macau Government Tourism Office (MGTO) deputy director Cheng Wai Tong reported that, as of Wednesday July 10th, the average daily visitors count for July stands at approximately 87,000, aligning with the office’s expectations.

Daily Asia Gaming eBrief: Macau’s large scale operators need a recovery in base mass

Macau's gaming market continues to be of interest, with the second quarter results showing a slight discrepancy for the larger operators as they aim to increase their base mass revenue, notes an analyst. Meanwhile, Thailand is proving to be more complicated than initially anticipated, while the UAE also poses its own new questions. On another flank, sports betting is heating up, as the UEFA Euro 2024 continues, with significant interest from Asian punters.

Macau GGR weakens due to seasonality and Euro 2024

Macau's gaming performance in June has been affected by softer seasonality and likely the football tournament in Europe, according to UBS in its latest market check memo.