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.

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. 

The days of extreme hotel price fluctuations in Macau are over, with the city’s hotel room inventory having experienced a double-digit increase since 2019, adding more than 7K rooms and 20 hotels in the past 4 years, allowing now a better control of price fluctuations.

Extreme hotel price hikes during the Chinese New Year (CNY) holiday may no longer be a concern in Macau, given the increasing inventory and rational consumption trends.

Although Macau's economic diversification plan for the next five years holds few surprises for the public, some of the announced measures have received positive feedback.

he show(s) must go on. So says gaming scholar Davis Fong, who notes that the attraction of big names to the stage has helped drive Macau's non-gaming push so far.

G2E Asia is returning to Macau from July 11th to 13th, being held in conjunction with the new Asian IR Expo at the Venetian Macau.

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. 

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

Tourism to Macau continued to see upticks during holiday periods, with the most recent Easter weekend period seeing over 93,000 tourists come to the SAR on Saturday. Authorities are now planning to continue the rise in visitation from Hong Kong via a new version of its transport subsidy.