Hundreds of delegates from around the world convene to discuss the outlook for the tourism industry.
Business
Featuring performances and a fireworks display, the event highlighted the concessionaire’s growth since the establishment of its first property in 2004.
The two-day gathering at the Grand Lisboa Palace in Cotai marks the second time that Macao has hosted the important travel industry event.
Economists say that the SAR will reap significant economic rewards from mainland China’s recent visa relaxation measures.
Residents and businesses are feeling the pressure as rental rates steadily increase across the board.
The tourism authority set its goal for 2024 late last year. So far, it has focused on short-haul markets within Asia.
According to SJM Resorts managing director Daisy Ho, the work will start this year and covers both guest rooms and restaurants.
Galaxy Entertainment Group chairman Lui Che Woo also made reference to the group’s strong performance over the extended Labour Day holiday.
This means their eligible residents will be able to spend up to seven days in Macao every three months – translating into more visitors for the SAR.