Macau is poised to receive a daily average of over 100,000
visitor arrivals this October Golden Week if weather conditions remain
favourable, tourism chief Maria Helena de Senna Fernandes has forecast.
The prediction is based on recent hotel bookings,
which climbed to a rate of about 70 per cent last week.
“Speaking from past experiences, hotel bookings go ‘mad’
in the week just before the Golden Week,” the director of Tourism Office said.
“Travellers tend to postpone bookings after the
Covid-19 pandemic. At present, many five-star hotels are almost fully booked,
while hotels of other stars could start to take orders this week.”
A recent analysis from Seaport Research Partners
suggests that October gross gaming revenue could hit MOP21.5 billion (US$2.68
billion), an increase of over 10 per cent on the previous year and up 28 per
cent month on month.
“Our estimate is based on a Golden Week (Oct 1-7)
GGR of MOP 950mm per day (+4% above May Golden week and 25% above Chinese New
Year),” industry analyst Vitaly Umansky wrote.
“This estimate is reasonable in light of strong
hotel bookings and our discussions in Macau, along with historical trends.”
Umansky also expects the full-year result to account
for 77 per cent of the 2019 level of MOP292.45 billion.
“We expect November and December to follow normal
historical trends, with December being a bit weaker than normal due to the
expected visit of General Secretary Xi for one day (which is expected to lead
to a weaker than normal week during that visit). As such, we currently forecast
Q4 GGR to be MOP 59.9bn (US$7.45bn), +10.6% y/y (+8.6% q/q),” the analyst added.
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