Saturday, May 18, 2024

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Conservative consumption trends cause sharp drop in Macau’s visitor spending

Despite a 292 percent surge in the total amount of visitor spending in Macau last year compared to 2022, per-capita spending of visitors on shopping fell sharply by 42.3 percent from the previous year, showing the downturn in China's economy, say experts.

Macau’s overseas visitor ramp-up is still lagging, accounting for only 4.5% of total arrivals: scholar 

With only 4.5% of the total arrivals, the Macau overseas visitor ramp-up is still lagging behind expectations, according to Jose Wong Weng Chou, a scholar from Macau University of Science and Technology (MUST).

Macau Polytechnic University to offer new Bachelor of Business Administration in Gaming

The Macau Polytechnic University will offer a new Bachelor of Business Administration in Gaming and Recreation Management, according to education authorities in the SAR

MGM and MUST collaborate to cultivate Young Tourism Talents

To align with the “Culture and Tourism Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area” on nurturing tourism talents, as well as embracing Macau’s Tourism+ strategy, MGM has established a partnership with the Faculty of Hospitality and Tourism Management of Macau University of Science and Technology (FHTM of MUST) since 2021 to jointly push forward efforts of local talents cultivation.

Macau employees more confident, but concerns linger 

A recent survey has revealed that Macau's employees have become more confident in the labor market and job satisfaction is rising as well. However, scholar Sun Liyun points out that employees' confidence in the job market has not been fully restored and the negative impact of the pandemic on job contentment and stability has yet to be completely eliminated.

Macau January tourist numbers total 1.4mln, scholar conservative on yearly figure

Macau visitor arrivals in January doubled year-on-year, reaching nearly 1.4 million, but a tourism scholar says that Macau is still only likely to see half of the yearly pre-pandemic visitors this year.