However, Prof. Davis Fong of the University of Macau cautions that the territory still faces headwinds and notes that tourists are spending less.
Business
The territory must improve its service standards and introduce more popular brands to remain competitive, says a marketing expert.
Zence Object turns discarded tea leaves into everyday household items that are both durable and biodegradable. With this seed funding, the company is poised for growth.
The MGTO is launching a promotional campaign to persuade visitors to sample the pleasures of Macao’s overlooked northern suburbs.
The rise must be set against last year’s dismal performance and the first quarter GDP figures, which were the first growth Macao had experienced since late 2021.
The platform says it is teaming up with Alipay+ to greatly expand its coverage, ‘improving travellers’ payment and shopping experience.’
The possible new route aligns with the government’s bid to make the SAR more appealing to Southeast Asian and other tourists.
Locals are heading to the mainland to spend their hard earned patacas, while tourists are spending a lot less in Macao than they used to.
Last month’s visitor totals reversed three consecutive months of decline – and hotels were able to benefit from the influx.