While visitor numbers have bounced back by 70 percent, the airport only saw a touch over half its pre-pandemic passenger volume return in 2023.
Business
The seven Macao outlets of trendy Hong Kong fashion chain Bauhaus are performing far better than its stores in Hong Kong itself.
For a city with such a long maritime history, Macao offers visitors few chances to experience it from the sea. That could change.
That’s more than twice the number of foreign tourists that the government has estimated will visit Macao in 2024.
The Macao peninsula’s massive, much-delayed mall will have its grand opening on 26 January, after a soft opening last month.
An announcement on Monday by Macao’s gaming regulator comes as a further blow to an industry already facing pressure from scandals and tighter government regulations.
Analysts say that Macao’s strong GGR performance last month outpaced market expectations and bodes well for the coming year.
The positive balance arrived courtesy of better-than-forecast gaming tax revenue, but mainly came down to significant spending cuts.
With the renewal of its 2024 hotel licence and renovation work apparently underway, the ultra-luxury hotel could potentially reopen its doors to the public later this year.