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Experts warn of diminishing benefits of the Individual Visit Scheme in Macau

Viviana Chan - September 9, 2024

Macau's luxury spending has dropped significantly, despite increases to the Individual Visa Scheme, as VIPs dwindle and consumers become more frugal.

Macau

Macau October visitor arrivals near pre-pandemic levels

Viviana Chan - November 21, 2024

Macau's visitor arrivals in October 2024 showed a strong recovery, nearly reaching pre-pandemic levels.

Macau

Good weather could push Macau Golden Week visitors beyond 100k daily: Govt

Viviana Chan - September 25, 2024

With the October Golden Week approaching, Macau could see daily visitor numbers exceed 100,000 if the good weather continues.

Macau

Macau visitor arrivals from IVS newly added cities grow by 17.1% in August

Viviana Chan - September 23, 2024

Macau's visitor arrivals from the ten cities recently added to the Individual Visit Scheme (IVS) saw a 17.1 percent increase in August compared to the same month last year.

Macau

Macau’s visitor arrivals surged 43.6% in 1H24

Viviana Chan - July 22, 2024

Macau's visitor arrivals surged by 43.6 percent year-on-year to 16.7 million in the first half of 2024, recovering to 82.4 percent of the pre-pandemic levels in the same period of 2019.

Macau

Macau receives 16.7M visitors in 1H24, 83 percent of pre-COVID levels

Viviana Chan - July 16, 2024

Macau welcomed approximately 16.73 million visitors from January to June 2024.

Macau

Macau visitor arrivals total 2.7M in May, up 22% y-o-y

AGBrief Editorial - June 23, 2024

Macau saw a 21.6 percent year-on-year increase in visitor arrivals in May, totaling just over 2.69 million, according to the city’s Statistics and Census Service.

Macau

Macau eyes 33M visitor arrivals in 2024 due to IVS expansions

Viviana Chan - June 17, 2024

Macau tourism authorities have set a goal to welcome 33 million visitors in 2024. If realized, this would represent a nearly 17 percent increase from 2023.

Macau

Macau 2024 GGR forecast hits $30B amid higher visitation assumptions: CLSA

Viviana Chan - June 11, 2024

Due to higher visitation and GGR/visitor assumptions, brokerage firm CLSA has revised its forecast for Macau's 2024 gross gaming revenue upward, projecting it to reach $29.8 billion this year.

Macau

China’s individual visa policy starts without direct flights to Macau

Viviana Chan - May 27, 2024

The inclusion of eight mainland cities into the Individual Visit Scheme (IVS) for visits to Hong Kong and Macau came into effect on Monday, May 27th, however a lack of flight links could hamper visitation.