The latest figures from the Macau Hotel Association point to an average occupancy rate of 93 percent for May, with 3-star hotels significantly above that
Business
The 10-week initiative saw 250 million patacas in e-vouchers redeemed, channelled to some 20,000 businesses across Macao’s ailing retail sector
Neither the identity of the buyer nor the price have been disclosed, although one unverified media report claims it went for a massively discounted HK$400 million
The month was Macao’s second best performer in the year to date, with a total 3,372,081 visitor arrivals or a year-on-year increase of 25.3 percent
The Legislative Assembly has passed the Civil Aviation Activity Law, which will gradually end Air Macau’s current monopoly over the local passenger market
The government will be launching four measures to support businesses in ZAPE, which are expecting a downturn once the surrounding satellite casinos shut down
The Macao-based gaming concessionaire also earned the Integrated Resort of the Year title at the awards, which were held in Manila
New commercial real estate loans granted to Macao residents made up less than 70 percent of the total in April, down from 96 percent in March
The concessionaire faces a shake up as Macao’s satellite casinos are forced to wind down operations, but Fitch Ratings expects the impact will be ‘manageable’