The Chinese government is considering the creation of a new visa type intended for Chinese tour groups, allowing multi-entry between Macau and Hengqin during a specified period.

Macau received its first batch of Chinese tour groups on Monday, for the first time in three years as the city continues its push to return to 40 million annual visitors.

Tour groups from mainland China to Macau are restarting today, as the country finalizes its opening-up policy, with both Hong Kong and Macau fighting to get their share of the pent-up demand from their neighbor.

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.

Brokerage CLSA predicts that Macau's gross gaming revenue (GGR) in May could grow by 6 percent month-on-month, amounting to $2.45 billion.

New moves to relax visa requirements for mainland Chinese visitors to Macau is seen as a ‘positive signal’ by analysts, signalling China’s ongoing support for Macau’s economic development, to the possible detriment of other regions.

The Chinese government may launch a visa multi-entry visa between Macau and Hengqin for Chinese tour groups as soon as next month, a source familiar with the matter told AGB.

UBS reports that Macau hotel prices for mainland China’s five-day Labor Day holiday season are 20 percent below this year's Chinese New Year (CNY) rates but bookings are high.

Macau’s Chief Executive, Ho Iat Seng, expresses his confidence that Macau will attract more than 30 million visitors this year.

The non-gaming investment requirements for Macau gaming concessionaires are already reshaping the Special Administrative Region, according to industry experts interviewed by AGB.