Holidays like the recent Easter break are seeing a notable exodus, with residents flocking to cheaper shops and restaurants on the Chinese mainland.
Business
It’s now called the Macao University of Tourism, or the Universidade de Turismo de Macau in Portuguese, and will go by the initials UTM.
The average daily arrival totalled 101,500 people, which corresponds to earlier forecasts made by tourism chief Maria Helena de Senna Fernandes.
Macao records the second highest GGR total since the end of pandemic related travel restrictions in January last year.
The Taiwan carrier Starlux now operates a daily service to the SAR, with an additional flight on Monday mornings.
The extensive renovation of the storied property has been recognised in this year’s China Tourism and Culture Starlight Awards.
The local real estate sector hopes the government can revitalise the market by removing all market curbs and relaunching the residency investment program.
New flight services and a public tender for a Macao promotion project aim to lure more visitors to the SAR.
The group’s hospitality and transport divisions saw profits, but overall the group lost more in 2023 than it did in 2022.