Macau’s hotel occupancy rate reached nearly 95 percent in January 2026, while average room prices declined year-on-year, according to data released by the Macau Hotel Association.
Information from associated members shows that overall occupancy stood at 94.8 percent in January, slightly higher than the 94.6 percent recorded in the same month of last year.Â
Despite the marginal increase, the average room rate fell 3.8 percent year-on-year to MOP1,359.4 ($168.7), down from MOP1,413.6 ($175.4) in January 2025.
Five-star hotels reported an occupancy rate of 95.8 percent, up 0.8 percentage point year-on-year, while their average room rate declined 2.9 percent to MOP1,522.5 ($188.90).
Four-star hotels recorded an occupancy rate of 90.1 percent, down from 91.7 percent in January 2025, with average room rates falling 7.9 percent to MOP1,105.5 ($137.20).
Three-star hotels posted the highest occupancy among all categories at 97.7 percent, a 0.2 percentage point increase year-on-year. However, their average room rate saw the steepest decline, dropping 13.8 percent to MOP898.3 ($111.5).
The data, published in the association’s January 2026 monthly report, suggests that strong demand at the start of the year was accompanied by sustained pricing pressure across hotel segments.
The downward trend in room rates also indicates a continued decline in per-capita visitor spending. At the same time, investment analysts have warned that limited hotel room supply is becoming an increasingly significant constraint on the industry’s long-term growth.
