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MO Hotel Establishments See Avg. Occupancy Rate of 95% during LNY
Recommend 14 Positive 39 Negative 12 |
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Macao Government Tourism Office (MGTO) announced that the eight-day Spring Festival Golden Week has come to an end in the Mainland. Preliminary statistics show that Macao registered nearly 1.31 million visitor arrivals cumulatively during the Spring Festival Golden Week (28 January - 4 February). Average daily visitor arrivals neared 164,000, which decreased slightly by 3.5% compared with last Spring Festival Golden Week in 2024 and almost reached the level of the Spring Festival Golden Week in 2019 (171,700). According to figures provided by industry operators, local hotel establishments saw an average occupancy rate of 95% during the Spring Festival Golden Week, the same as last year. The hotel occupancy rate peaked at 97.8% on the 4th day of Chinese New Year (1 February). The average room rate of Macao’s hotel establishments (including hotels, apartment hotels and economical accommodation establishments) was around 1,839.5 patacas during the Golden Week, a year-over-year fall of 2.4%. AAStocks Financial News |
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