Despite the traditional travel season of Golden Week falling in October, the average hotel rate for all types of hotels in Macau declined.
According to the latest monthly survey from the Macau Hotel Association, published by the Macao Government Tourism Office (MGTO), all types of hotels saw a 2.8 percent decline in rates, from MOP 1,447.4 ($180) to MOP 1,406.2 ($175).
The October hotel occupancy rate reached 93.5 percent, compared to 86.3 percent during the same period last year.
Meanwhile, five-star hotels saw their room rates decline by 3.6 percent year-on-year in October, from MOP 1,634.2 ($204) to MOP 1,575.6 ($197) in October, with the occupancy rate reaching 94.3 percent.
Four-star hotels had lower occupancy rates, with the occupancy rate at 89.4 percent—below 90 percent for the first time in October this year. The room rate for Macau’s four-star hotels also fell by 1 percent, from MOP 1,199.8 ($150) to MOP 1,187.4 ($148).
The occupancy rate for three-star hotels reached 96.9 percent, with the room rate dropping from MOP 975.7 ($122) to MOP 944.8 ($118).
In the ten-month period, Macau’s overall hotel occupancy rate stood at 91.4 percent, up from 83.6 percent a year ago.The general hotel rate also saw an increase, rising from MOP 1,337.4 ($167) to MOP 1,398.3 ($174).
Among all types of hotels, all but three-star hotels registered an increase in room rates.
