Down more than 10 percentage points month to month, Macao’s hotel occupancy rate for September was back where it was near the start of the year.
Statistics and Census Bureau
Macao’s better than expected tourism recovery has led to predictions of a major rebound in the economy this year.
Indices for existing residential units and pre-sale residential units fall 5.3% and 0.1% respectively year-on-year, DSEC reports.
City’s 123 hotels share just over 5 million guests, mostly from mainland China; occupancy rates drop below 40%.
Figure strikes even sharper contrast with 2019, when city hosted more than 39 million visitors before onset of Covid-19 pandemic.
Petrol, fruit, eating out, helpers’ wages and electricity all more costly, however pork, telecoms and residential rents cheaper.
Decrease attributed to non-resident workers’ exodus; slightly more women than men living in the city; population density 20,177 per square kilometre; birth rate falls.
Exports up slightly at MOP 10 billion; merchandise trade balance deficit stands at MOP 92 billion.
Exports also suffer as trade sags; almost one-third of imports come from mainland China, while France accounts for nearly 20%.