Monday, July 15, 2024

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NagaCorp 1Q23 figures show strong VIP uptick after China travel restrictions removed

Cambodian casino operator NagaCorp reported a 43.9 percent uptick in premium VIP rolling chip in 1Q23 - to $976 million, also up 48.6 percent over the previous quarter, as China reopened travel to the country. Despite the VIP rise, gross gaming revenue rose just 6.8 percent yearly, to $117 million due to 'generally lower' win rates.

Canada lifts testing requirements for Macau, HK and China travelers

Canada has lifted its requirement that travelers from Macau, Hong Kong and China must provide evidence of a negative COVID test before departure. The elimination...

H.K./China travel bubble likely delayed until 2H22: Fitch

Hong Kong's latest round of restrictions to stop the spread of the Omicron variant is likely to pose a downside risk to projections for expansion in economic growth of 3 percent this year and will delay border reopening with China until the second half, Fitch Ratings said in a note.

Glamping & RVs among new China travel preferences

Although much of the world is closed down to international travel, destinations interested in attracting the Mainland Chinese visitor should be aware of new trends and preferences and tailor their offer accordingly.

China expands Individual Travel Scheme visa for HK/Macau to 8 mainland cities

The Chinese government has announced the inclusion of eight mainland cities into the facilitated individual travel (FIT) scheme for visits to Hong Kong and Macau, with the new measures set to take effect from May 27, 2024.

Mainland China individual traveller scheme to Macau and HK expanded  

The Chinese Central Government has announced plans to expand the current individual visit scheme for Chinese nationals to visit Macau and Hong Kong.

Air links and visas key for China’s outbound travel rebound

Research highlights air links and visa issues as key contributors to China's outbound travel rebound in 2024. As more Asian countries waive visa requirements for Chinese travelers, casinos in the region stand to benefit.

Studio City Water Park listed in China’s top 100 novel attractions in 2023 Global Travel Play Book

Melco Resorts & Entertainment has announced that Studio City Water Park has been recognized as one of China’s top 100 novel attractions by Global Travel Play Book.

Visa-free between Thailand and China causes boom in travel searches

Thailand and China have agreed to waive visa requirements for each other's nationals starting from March. This move has already caused a boom in travel searches in China.

China’s international travel only at 39% of 2019 levels: Fitch 

China’s aviation sector experienced a highly unbalanced recovery in 2023, primarily due to the lag in the recovery of international travel, note analysts at Fitch.