Wednesday, June 19, 2024

Search Results

Macau GDP could rise by 19 percent in 1Q24: Economic Association

The Macau Economic Association (MEA) expects Macau’s GDP to grow by 19 percent in the first quarter of the year, reaching MOP92 billion ($11.4 billion). This figure represents Macau’s economy returning to about 82.8 percent of 2019 levels.

Macau GDP could double in 2H23: Economic Association

The Macau Economic Association (MEA) expects Macau’s GDP to grow 100 percent or above in the second half of 2023, while the agency estimates that Macau’s GDP will increase by 70 percent in the first half. 

Macau’s economic climate recovering, but SMEs in trouble 

Macau’s economic climate index turned from “poor” to “stable” since April this year, showing an accelerated economic recovery pace after a rapid rebound in the tourism market. However, the Macau Economic Association warns that some local small and medium enterprises (SMEs) are in trouble after having an outflow of local consumers. 

Macau’s international flight resumption delayed by labor shortage headwind

The ongoing labor shortage is one of the major headwinds for Macau’s international flight resumption, confirms Macau’s Chief Executive.

Macau rises out of COVID shadow with a rapid rebound in economic climate index

The Macau Economic Association confirms that Macau has stepped out of the COVID-19 shadow after observing a strong rebound in the number of visitors and the normalization of social activities.

Daily Asia Gaming eBrief: Macau gaming revenue not impacted by HK visitor surge

The pie might be big enough for everyone. Despite potential shifts in consumer behavior, experts suggest that Macau's gaming revenue might not be significantly affected due to the preferences of Hong Kong visitors, who are typically singles or couples.