Analysts have been concerned about the bottom-line impact of the severe weather experienced in the month by Macao, which was battered by a typhoon and heavy rain.
Business
Visitors to Macao surged by 17 percent between July and August, but average hotel occupancy rates stayed flat as most travellers chose to stay for a day only.
The first government land auction since 2008 was underwhelming, with two plots of land attracting just a single bid.
The vacant lots in Taipa were offered in the city’s first land auction since 2008, but have barely attracted a ripple of interest.
Macao’s six concessionaires have each been given a maximum number of operators they are allowed to work with, with Sands China and SJM allocated the most.
New generations seek new tourism products, according to speakers at the Global Tourism Economy Forum.
The head of the Macao Government Tourism Office concedes that ‘we are learning as we go’ but is confident that Muslim markets can be developed.
Delegates convene at the Global Tourism Economy Forum to ponder issues affecting China’s inbound and outbound travel industry.
Sustainable tourism is vital if the industry is to build a better future for succeeding generations, say experts.