Good Morning. The days of extreme hotel price fluctuations in Macau are over. Andy Wu, president of the Macau Tourism Industry Association told AGB, that with the city’s hotel room inventory having experienced a double-digit increase since 2019, adding more than 7,000 rooms and 20 hotels in the past four years, the room supply now allows for better control of price fluctuations. At the same time, overall economic circumstances have led to more rational consumption trends by mainland visitors.
What you need to know
- Macau may no longer see extreme hotel price hikes during Chinese New Year, due to growing inventory – industry insider.
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AGB Intelligence
MACAU
More hotel rooms to help control extreme price changes
Macau’s hotel price hikes during CNY are easing due to increased inventory and rational consumption. With over 90 percent occupancy expected, Andy Wu of Macau Tourism Industry Association anticipates stable prices, as hotel rooms have surged by double digits since 2019, surpassing 7,000 rooms and 20 hotels.
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