Analysts at UBS don’t expect the same level of travel restrictions to Macau to be in place during May’s Golden Week as it had been for February’s Lunar New Year holidays.
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.
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.
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 Tourism
As part of his Golden Week travels abroad Minister of Land, Infrastructure, Transport and Tourism Keiichi Ishii visited two IRs in Macau for research purposes on May 3. Specifically, he was given tours of Melco’s City of Dreams and Wynn Palace in the...
While Macau’s casinos benefited from strong visitation during Golden Week, Morgan Stanley analysts warn that weak third-quarter earnings and cuts in
The recent fall in Macau gaming stocks could swing back to a 50 percent rebound if it is anything like the slowdown of 2011/12, said Morgan Stanley an
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264