tourism arrivals

The Macau government’s intense marketing efforts in Mainland China appear to have borne fruit over the Christmas holiday season with hotels reaching an average occupancy rate of 70 percent.

Macau expects its end of year visitor tally to be about five million, with most of those arriving before the pandemic hit in January, down sharply from 40 million last year.

Macau was seeing more than 20,600 average daily visitors up until mid-November, up from a daily average of about 19,000 in October, according to the Council for the Development of Tourism. The average hotel occupancy was at about 45 percent, compared with 38.1 percent in October.

Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation improves.

Tourism arrivals showed strong growth into Macau in September, though government data shows the biggest gains were in the lower spending day tripper category.

First established in 2007 amid Macau’s casino boom, Suncity Group rose to become the former Portuguese colony’s largest junket business, operating opulent VIP rooms...

Osaka has become Japan’s “fastest-growing” destination for inbound tourism, with a five-fold increase between 2012 and 2017, according to a Reuters report, based on...

Tourism arrivals to Macau jumped 25 percent in January from the previous year, according to government statistics. The territory welcomed 3.4 million visitors, compared with...

Diamond Fortune has partnered with a Japanese company, Simple Create Co. Ltd, on its Imperial hotel complex, one of the largest projects in the...

Myanmar looks set to be the next Asian jurisdiction to open its doors to IRs as the government seeks to attract much needed tourism dollars, with experts in the region predicting strong interest from potential investors.