Travellers are flocking to the city once more, according to the latest data, with arrivals from Hong Kong soaring by over 1,000 percent year-on-year.
Statistics and Census Service
The proportion of elderly in Macao continues to increase according to the latest demographic data from the Statistics and Census Service.
The latest snapshot from the Statistics and Census Service shows activity reviving in the sector in the last months of the pandemic.
An apparent surge in deaths, particularly among the elderly, comes as Macao drops its Covid-19 mitigation measures and reopens its borders.
The latest figures from the Statistics and Census Service show a subdued market as Macao continues to recover from the effects of the Covid-19 pandemic.
An official survey of the industry in the last months of the pandemic paints a picture of depressed wages and virtually no labour movement.
Weak external and domestic demand brought about by the Covid-19 pandemic caused a sharp contraction in economic activity.
New iris-recognition technology, to be introduced later in the year, looks set to make leaving and reentering Macao as seamless as possible.
Hike is mostly due to rises in the cost of food and fuel, the DSEC says, with rents forecast to rise in 2023.