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MO Hotel Industry Envisions 90%+ Hotel Occupancy Rate During Spring Festival
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Cheung Kin Chung, Macau Hoteliers & Innkeepers Association Chairman and Legislative Council Member, said that the current hotel booking rate for the Spring Festival Golden Week holiday is about 60%, according to Radio Macau (TDM). Cheung expected the hotel booking rate to rise in the coming week and the occupancy rate to average 90-95%. While the industry will ensure good price and service management, he estimated that room rates will increase by about 10-15% YoY, describing it as a reasonable level. AAStocks Financial News |
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