Tourism officials, academics and business leaders convene to explore this year’s theme of unlocking the power of the travel industry for ‘business and development.’
Industry representatives say they are ‘optimistic’ for a strong performance and note that Cotai hotels will likely be fully booked.
The long holiday following National Day is expected to bring a surge of visitors to Macao and see gaming revenues come closer to 2019 levels.
Macao’s peak summer season has since subsided, but tourism officials expect another boom around the Mid-Autumn and National Day celebrations.
However, unemployment among construction and gaming workers remains significant, with many yet to return to the workforce.
Local eateries emerged from the doldrums and saw a significant rise in receipts, when compared with their takings in the previous three months.
Official statistics underscore just how difficult it is for investors, managerial personnel and other professionals to obtain permission to live and work in Macao.
Growing amounts of tax revenue from the city’s gaming operators is replenishing the government’s coffers.