According to official figures, visitors spent 36 percent more in the first quarter of this year than they did in the last. But show-goers’ spending more than doubled.
Business
The plan offers generous tax breaks to top overseas professionals working in areas earmarked in the government’s economic diversification strategy.
The Chief Executive says that casinos have been eclipsed by the non-gambling sector when it comes to the city’s gross domestic product.
Hundreds of delegates from around the world convene to discuss the outlook for the tourism industry.
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.