Macau’s hotel sector recorded an average occupancy rate of 94.6 percent in the first quarter of 2026, up from 94.3 percent a year earlier, while average room rates declined 0.5 percent year-on-year to MOP1,378.4 ($171), according to data from the Macau Hotel Association.
The data points to continued strong accommodation demand, with occupancy remaining above 90 percent across all categories. Five-star hotels led the market with a 95.4 percent occupancy rate, up 0.5 percentage points year-on-year, followed by four-star hotels at 90.6 percent. Three-star hotels posted a slight decline to 97 percent.
Room rates showed downward pressure across segments. Five-star hotel rates fell 0.5 percent to MOP1,540.9 ($191.2), while four-star rates dropped 2.2 percent to MOP1,126.5 ($139.8). Three-star hotels saw the sharpest decline, with rates down 4.9 percent to MOP928 ($115.1).
For March alone, overall hotel occupancy stood at 92.9 percent, down 0.8 percentage points year-on-year. The decline was observed across most segments, with five-star occupancy easing to 93.8 percent, four-star to 88.5 percent, and three-star to 95.8 percent. Despite softer occupancy, average room rates in March rose 3.3 percent year-on-year to MOP1,359 ($168.6), suggesting stronger pricing during peak periods within the month.
By segment, March room rates increased 4.2 percent for five-star hotels to MOP1,540.2 ($191.1), while four-star rates declined 3.4 percent to MOP1,040.4 ($129.1). Three-star hotels recorded a 3.1 percent increase to MOP935.8 ($116.1).
