JP Morgan’s figures suggest the holiday saw higher daily revenue averages than any post-pandemic period to date.
Golden Week
Shopkeepers say there isn’t enough tourist traffic outside of the main sightseeing areas and add that visitors are spending less money than they hoped.
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.
CEO and chairman Lawrence Ho says ‘We have seen a very encouraging start to the recovery in Macau during the first quarter of 2023’.
Macao’s total gross gaming revenue in the first five months decreased by 44 per cent year-on-year to MOP 23.79 billion.
More than 1 million online and onsite spectators propel gala to front rank of city’s tourist attractions.
Tourism chief says Macao Week events may be staged in Wuhan and Changsha; Golden Week’s 137,000 arrivals ‘better than expected’.
Daily numbers dive to less than 25,000; tourism chief vows to continue promotions in GBA, lining up two-for-one deals when Macao reopens borders.
Most of the 95,696 visitors were from the mainland, with just under 15,000 crossing the border each day.
