Local hotels and tour operators are counting on a big surge in visitor numbers over the Labour Day holiday to add fresh impetus to Macao’s emergence from the pandemic.
Macau Tourism
Mainlanders make up the bulk of the market, however beds stand empty for around one night in two, with occupancy rates at 44%.
New law aims to put a stop to short stays in residential units, with an eye on the future once tourism recovers.
Delivering a speech during the 10th China-Japan-South Korea Cultural Ministers’ Meeting in Harbin, the capital of the north-eastern province of Heilongjiang, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said Thursday that Macau is serving as an important place for people-to-people bonds and cultural exchanges between the three East Asian countries
Macau’s gross domestic product (GDP) grew by 6.1 percent year on year in real terms in the third quarter, a marked slowdown compared to economic growth of 11.3 percent in the first quarter and 10.8 percent in the second quarter, the Statistics and Census Bureau (DSEC) said Thursday.
