The average occupancy rate for hotels in the city rose by almost 20 percent between January and December last year, with the full year figure coming in at 85.2 percent, according to data recently released by the Macao Government Tourism Office (MGTO).
The average hotel occupancy rate across 2019 – the last full year before the Covid-19 pandemic decimated tourism – stood at 90.5 percent.
In 2023, July was the best performing month in terms of occupancy (93 percent), followed by December at 91.2 percent. That’s just 2.6 points behind December 2019’s pre-pandemic figure (and 49 points better than December 2022).
[See more: It’s official: 2023 saw 28.2 million visitors enter Macao]
Average room rates, meanwhile, were at their highest in the final month of the year – reaching 1,552.20 patacas, or almost double what was charged in December 2022.
Averaged across 2023, five-star hotels charged 1,509.90 patacas per night. Interestingly, three-star hotels appeared to charge slightly more than four-star: 968.80 and 955.70 patacas respectively.
Three-star hotels saw the highest occupancy rate, being 91.6 percent full on average across the year. Five-star hotels saw 85.5 percent and 4-star hotels came in at 80.7 percent.
