• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 10 June 2023
    • 中文
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Macau hotel occupancy rate fell to just 38.4% in 2022 but MGTO says hopes high for year ahead

Pierce Chan by Pierce Chan
Tue 31 Jan 2023 at 03:45
Macau’s hotel room rates fell almost 50% year-on-year in 4Q20
12
SHARES
297
VIEWS
Print Friendly, PDF & Email

The average occupancy rate of Macau’s hotels throughout 2022 fell to just 38.4%, down 11.7 percentage points compared to 2021, according to information from the Statistics and Census Service. It was also well under half of the 90.8% occupancy rate in 2019.

Last year saw just 5.11 million people stay in hotels, down 22.8% year-on-year. The hotel occupancy rate was 90.8% in 2019, including 3.86 million mainland guests – a decrease of 28.1% – although local guests increased slightly to 907,000. The average length of stay was maintained at 1.8 nights.

The year ended slowly too, with the number of hotel guests in December falling by 29.8% year-on-year to 457,000. Mainland guests fell by 35.4% to 340,000 and the number of local guests decreased by 9.9% to 77,000 in the final month of the year.

The number of hotels offering accommodation to the public in December 2022 was 123, an increase of five over the same period in 2011. However, according to the Statistics and Census Service, “the overall number of rooms available decreased by 3.2% year-on-year to 37,000 due to the use of some rooms for [quarantine] by large hotels.”

Macau was severely impacted by COVID-19 restrictions in 2022, with visitor arrivals falling by 26% to 5.7 million, which in turn led to a drop in hotel occupancy.

In 2019, before the outbreak, the annual hotel occupancy rate was 90.8%, with 14.1 million people staying in hotels.

Macau relaxed its entry restrictions on 8 January this year, resulting in a significant increase in visitor arrivals. During the recently passed Chinese New Year Golden Week (21 to 27 January), the hotel occupancy rate was 85.7%. This was 47.3 percentage points higher than the average hotel occupancy rate for the whole of 2022.

MGTO Director Maria Helena de Senna Fernandes said on Monday, “Macau’s hotel occupancy rate during the Chinese New Year holiday was high, with occupancy rates reaching 90% on three of the seven days of the holiday. MGTO estimates that the average daily number of visitors to Macau this year will be 40,000.”

RelatedPosts

Morgan Stanley raises Macau 2023 EBITDA estimates by 70% on better gaming mix

Gaming-related crime in Macau rises 24.4% year-on-year in 1Q23

Fri 9 Jun 2023 at 06:17
Sands China promotes Macau tourism and MICE via three-day ‘The Macao Showcase’ at Marina Bay Sands in Singapore

Sands China promotes Macau tourism and MICE via three-day ‘The Macao Showcase’ at Marina Bay Sands in Singapore

Thu 8 Jun 2023 at 05:18
Macau’s mass GGR reached 70% of pre-COVID levels in March, aided by further China reopening: analysts

JP Morgan: Macau GGR slows in first days of June on seasonality

Mon 5 Jun 2023 at 15:31
Macau GGR climbs to MOP$15.57 billion in May

Macau GGR climbs to MOP$15.57 billion in May

Thu 1 Jun 2023 at 12:49
Load More
Tags: 2022hotel occupancyMacao Government Tourism OfficeMacauMaria Helena de Senna FernandesStatistics and Census Service
Share5Share1
Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

Current Issue

Editorial: The calamity of unintended consequences

Editorial: The calamity of unintended consequences

by Ben Blaschke
Tue 30 May 2023 at 21:05

The World Series of Poker (WSOP) kicked-off in Las Vegas this week with the first of 95 events set to...

Francis Lui – Guardian of the Galaxy

by Andrew W Scott
Tue 30 May 2023 at 19:54

One of Macau's market-share leaders, Galaxy Entertainment Group has emerged from the COVID-19 pandemic in good shape with plentiful cash...

We need to talk about policies

We need to talk about policies

by Peter Cohen
Tue 30 May 2023 at 19:17

The Australian government is planning to establish an office tasked with evaluating the effectiveness of policies such as those linked...

When the party is over

When the party is over

by Ryan Ho, Zoe Leong, Chris Lu and Sergio Li
Tue 30 May 2023 at 19:02

A group of MBA students at Macao Polytechnic University recently conducted a study into the challenges facing former junket employees...

Softswiss
Evolution Asia
Aristocrat
Solaire
Hann
Okada Manila
BETER

Related Posts

Morgan Stanley raises Macau 2023 EBITDA estimates by 70% on better gaming mix

Gaming-related crime in Macau rises 24.4% year-on-year in 1Q23

by Newsdesk
Fri 9 Jun 2023 at 06:17

The number of gaming-related crimes in Macau in the first three months of 2023 climbed 24.4% year-on-year to 158 incidents, according to Secretary for Security Wong Sio Chak, with the increase linked to the rise in visitors to Macau and...

AGEM Index stays largely flat in February

AGEM Index down 1.5% in May as IGT suffers 12.8% fall in stocks

by Newsdesk
Fri 9 Jun 2023 at 06:15

The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – decreased by 1.5% or 14.54 points to 956.98 points in May, despite strong gains by Konami and Crane NXT. The index was, however, 8.4% or...

Ciarán Carruthers: Crowning glory

Blackstone preparing to “invest significant capital” into Crown Melbourne upgrade

by Ben Blaschke
Fri 9 Jun 2023 at 05:48

The President of US private equity giant Blackstone says the company is planning to invest heavily into a much-needed renovation and upgrade of Crown Melbourne following its AU$8.9 billion (US$6.5 billion) acquisition of the property’s parent company, Crown Resorts, last...

IGT slips to 2Q20 loss on 48% global revenue decline

IGT exploring possible sale or spin-off of Global Gaming and PlayDigital segments

by Ben Blaschke
Fri 9 Jun 2023 at 05:12

Global gaming giant International Game Technology PLC (IGT) revealed overnight that it is evaluating potential strategic alternatives for its Global Gaming and PlayDigital segments, including their potential sale or spin-off. The company is also considering various merger options but may...




IAG

© 2005-2023
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About

© 2005-2023
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English