HomeNewsMacauChina luxury strength, limited travel options, bode well for Macau

China luxury strength, limited travel options, bode well for Macau

November 24, 2020

Surprising strength in Chinese luxury spending, an ongoing clampdown on online gambling and limited travel options all bode well for Macau and shares in its operators, Morgan Stanley said.

China luxury sales rose 18 percent in October and 13 percent in September, suggesting strong pent up demand, it said.

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