The two-day gathering at the Grand Lisboa Palace in Cotai marks the second time that Macao has hosted the important travel industry event.
Business
Economists say that the SAR will reap significant economic rewards from mainland China’s recent visa relaxation measures.
Residents and businesses are feeling the pressure as rental rates steadily increase across the board.
The tourism authority set its goal for 2024 late last year. So far, it has focused on short-haul markets within Asia.
According to SJM Resorts managing director Daisy Ho, the work will start this year and covers both guest rooms and restaurants.
Galaxy Entertainment Group chairman Lui Che Woo also made reference to the group’s strong performance over the extended Labour Day holiday.
This means their eligible residents will be able to spend up to seven days in Macao every three months – translating into more visitors for the SAR.
As many as 500 new taxis are expected to come into service, with the Transport Bureau publicly releasing the results of last year’s taxi licence tender.
The loss attributable to owners of the company fell dramatically to HK$74 million compared to the comparable 2023 figure of HK$869 million.