Some 17 out of 25 hotels surveyed in a Morgan Stanley report are fully booked for the May Day Golden Week, but a lack of staff is preventing them from matching pre-Covid levels.
Business
Nearly a dozen deals have been signed at a top-level investment and tourism gathering in the Portuguese capital, timed to coincide with the chief executive’s visit.
Robert G. Goldstein, chairman and chief executive officer of Las Vegas Sands, Sands China’s controlling shareholder, said he was pleased to see recovery “accelerate during the quarter”.
Vietnam’s consul-general Pham Binh Dam says his country and Macao should deepen cooperation when it comes to visas and hiring.
Maria Helena de Senna Fernandes says the territory has to redouble its long-haul marketing efforts and do “what hasn’t been done in three years” because of the pandemic.
If the streets seemed a little crowded last Saturday, it’s because the city’s tourism sector was busy welcoming more visitors than it has seen on any other day in 2023.
According to the Gaming Inspection and Coordination Bureau, 84 percent of gross revenue earned from gaming in the first quarter of 2023 came from this one game.
Finance chief Lei Wai Nong tells legislators that the measure was an extraordinary one, only designed to relieve financial difficulties faced by residents during the pandemic.
Macao’s Tourist Price Index has registered a steep rise in the cost of tourist accommodation compared to the last quarter of 2022.