Friday, March 29, 2024
HomeNewsMacauMacau average daily visitation gains 40% in Golden Week from April

Macau average daily visitation gains 40% in Golden Week from April

FOLLOW US

The average daily number of tourists to Macau during the Golden Week holiday was 37,000, which is a gain of nearly 40 percent from April’s average daily arrivals, according to official figures.

Total traffic through Macau’s entry ports totaled 1.7 million during the Golden Week holiday from April 4 to May 4, which is about 57 percent of the same period in 2019, according to official figures. Inbound travel only reached 25 percent of pre-pandemic levels.

Analysts have been monitoring whether the pace of growth in inbound travelers is matched by spending in the casinos. Monthly figures in recent months have shown a slower rate of recovery for gross gambling revenue than for arrivals.

JP Morgan on Thursday estimates that GGR for the Labor Day holiday around 40-50 percent to that of the holiday period in 2019, despite this year having an extra day of the holiday. JP Morgan estimates that mass GGR recovered to around 60-70 percent of 2019 levels whilst VIP recovered on 20-25 percent.

Macau Public Security Police press release

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES