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The National Day Golden Week, which spanned eight days this year, saw a year-on-year decline of 86 percent in the number of visitors to Macau.
The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.
A sign Beijing is once again ramping up its anti-corruption rhetoric, combined with an increased focus on capital outflows are likely to be further factors hindering recovery in Macau, analysts said.
China’s largest online travel group, Trip.com, has noted a 500 percent gain in searches for tourism products in Macau since China resumed issuing individual travel visas on Sept. 23rd, Macau Business reports.
A Bank of America survey held in August found that only 47 percent of Mainland Chinese travellers who want to visit Macau would be willing to take a Covid-19 test, casting doubt on visitation for the upcoming Golden Week holiday.
Hotel occupancy rates in the run up to and during the Golden Week holiday are seeing “meaningful” improvement, but average daily rates remain weak, Morgan Stanley says in a note.
The Macau Government Tourism Office said tourist visitation over Golden Week met expectations, attributed to the inauguration of the Hong Kong-Zhuhai-Macao Bridge and the...
VIP play was tepid through the key Golden Week holiday in Macau and is likely to remain so for the rest of the month as trade tensions pressure Mainland China’s economy, analysts at Bernstein said.
The Macau Government Tourism Office has reported a total of 906,078 visitors in the first six days of Golden Week, rising 13 percent year-on-year. Visitation...
Macau welcomed a total of 297,047 visitors during the first two days of the Golden Week holidays, according to data from the Macau Government...