The vacant lots in Taipa were offered in the city’s first land auction since 2008, but have barely attracted a ripple of interest.
Business
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.
Tourism officials, academics and business leaders convene to explore this year’s theme of unlocking the power of the travel industry for ‘business and development.’
Industry representatives say they are ‘optimistic’ for a strong performance and note that Cotai hotels will likely be fully booked.
The long holiday following National Day is expected to bring a surge of visitors to Macao and see gaming revenues come closer to 2019 levels.