Figures from the China Tourism Academy indicate more trips were made to Macao by mainland travellers than to anywhere else in the world during the first half of this year.
Business
Macao’s leader says gross gaming revenue needs to hit 230 billion patacas in a year before sufficient taxes will be generated to end the deficit.
The concessionaire attributed the performance to the recovery in local tourism in the wake of the pandemic.
Residential loans were down by 36.1 percent, month-on-month. Commercial loans, meanwhile, dropped by a hefty 52.8 percent.
The concessionaire says its mass gaming, luxury retail and hotel businesses all show strength in Macao.
Macao’s annual sustainability conference is going with the theme, ‘Building an Ecological Civilisation Through Innovative Initiatives’.
Eighty percent of Macao’s imported goods come from Hong Kong, and the new terminal is set to deepen cooperation between the two SARs.
Macao’s airport operator says it’s working to establish more mid- and long-haul flight routes to help boost visitor numbers.
Boosting the Macau International Airport’s capacity to 13 million passengers per year is a key part of the government’s newly proposed five-year plan for economic diversification.