Good morning. Build it and they will come. But the problem is that now it’s built it’s not enough. Macau continues to suffer from a lack of hotel rooms compared to the overall demand. And this won’t be alleviated in the short term, in particular given the SAR’s shift to higher spending customers – leading a drive to luxurify hotel rooms previously allocated for mass. Looking at premium mass, Macau has fully set its sights in, moving away from a numbers game. And furthermore, business leaders take stock of the gaming hub’s economy, praising its development and shift away from a gaming-centric model.
What you need to know
- Galaxy Entertainment Group says Macau’s growth is limited by a hotel room shortage and hopes for policy breakthroughs to boost Hengqin’s development.
- Macau’s shift to mass is disguising its rewording of VIP into premium mass, with extensive efforts to capture the sector: gaming expert.
- A broad spectrum of business leaders are voicing concerns about the pace and effectiveness of Macau’s diversification efforts.
On the radar
- Ainsworth expecting positive 2H24 amid cybersecurity Incident.
- Macroeconomic challenges impact Chow Tai Fook’s China business.
- PH economic outlook upgraded due to better fiscal health: S&P Global Ratings.
- Macau police dismantle illegal money exchange syndicate handling $4M.
- Uncertainty surrounds Macau satellite casinos, as government talks pending.
- Cebu City steps up efforts to address disguised POGOs following DILG order.
AGB Intelligence
MACAU
Macau’s growth hindered by hotel room shortage
Macau has everything going for it, the only thing it’s lacking is more hotel rooms. As the territory reaches for its pinnacle it continues to face the shortcomings of supply, hoping for mass to meet the expectations that it’s promised. But could the neighboring territory be its saving grace? Hengqin has the space that Macau lacks, and operators are already moving in to set up their territory. Time will tell.
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