Friday, June 14, 2024
HomeNewsMacauMacau’s hotel occupancy expected to reach nearly 100 percent during the October Golden Week

Macau’s hotel occupancy expected to reach nearly 100 percent during the October Golden Week

Macau’s hotel and integrated resort operators are feeling optimistic about the upcoming “National Day” Golden Week holiday, with hotel occupancy rates expected to reach close to 100 percent, according to the industry association.

The Head of the Macau Hoteliers & Innkeepers Association, Lou Chi Leong, notes that September is traditionally a low season for tourism, but “this year seems to be different, with more than 100,000 visitors coming to Macau last Saturday.” At the same time, he observes that visitor arrivals didn’t decline sharply during the weekdays. In this context, he believes that Macau’s hotels may be fully occupied during October Golden Week.

Macau hotel room prices in July exceeded 2019 levels

The average daily rate for a hotel room in Macau was MOP1,425 ($177) in July, slightly higher by 5.14 percent compared with $1,355 ($168) in the same period of 2019, according to data compiled by the Macau Hotel Association.

The city’s hotels had an average occupancy rate of 93 percent in July, with five-star, four-star, and three-star hotels averaging 92.9 percent, 89.9 percent, and 97.2 percent, respectively.

In the same period in 2019, the average hotel occupancy rate was 93.5 percent, with five-star, four-star, and three-star hotels averaging 94.4 percent, 88.1 percent, and 96.8 percent, respectively.

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.

MORE ARTICLES

FOLLOW US

daily newsletter