Macau’s economy is projected to maintain its recovery in 2026, supported by steady tourism demand and growing non-gaming investment, according to the latest Monetary Authority of Macau (AMCM) stability review.
‘Macau’s growth prospects are envisioned to remain broadly optimistic, bolstered by the normalization of tourism demand and increased non-gaming investment,’ the report stated. It highlighted favorable travel policies, expanded tourism infrastructure, and the government’s ongoing urban revitalization efforts as key drivers of growth.
Inflation is expected to stay contained. ‘CPI-inflation in 2026 is projected to rise slightly while remaining mild,’ the AMCM noted, pointing to stable domestic demand and easing import costs.
Labor market conditions are also forecast to remain resilient, with the SAR’s financial authority stating unemployment should stay below long-term averages, with imported workers continuing to provide support for local industries.
Public finances are also expected to remain strong, underpinned by steady gaming concession revenues. The report emphasized that Macau’s debt-free status and ample fiscal reserves will provide a buffer against external shocks.
The outlook suggests the city will consolidate gains made in 2025, with casinos still anchoring growth but diversification beginning to play a larger role.
‘The interplay of favorable travel policies, enriched tourism infrastructure and the SAR Government’s ongoing endeavor in urban revitalization is poised to fortify Macau’s growth momentum,’ the AMCM concluded.
Visitor arrivals topped 40 million in 2025, surpassing 2019 levels and marking an all-time record. Tourist numbers from mainland Chinese – Macau’s largest source market – increased by 18.5 percent to 29 million for the year.
Hotel occupancy for the year mirrored the casino rebound, climbing to 89.3 percent, as overnight stays increased.
