The occupancy rate of Macau’s hotels climbed to 82.0% in the first six months of 2023 combined, up 41.8 percentage points on the 40.2% occupancy rate during the same period last year.
According to information published by the Macao Government Tourism Office (MGTO) on Tuesday, the 1H23 figure included an occupancy rate of 89.0%, by far the highest monthly rate since Macau’s border restrictions were eased on 8 January. The June occupancy rate included 89.1% occupancy in 5-star hotels, 82.3% in 4-star hotels and 96.2% in 3-star hotels.
For the first six months of 2023, 5-star hotels saw occupancy reach 81.7%, with 4-star hotels at 77.4% and 3-star hotels at 88.7%.
The figures reflect those provided by 44 member hotels of the Macau Hotel Association, including 5-star hotels located within all of Macau’s integrated resorts.
Also rising significantly in 1H23 were hotel room rates, which grew by 58.2% year-on-year to MOP$1,247 (US$155). The average room rate of 5-star hotels was up by 49.1% to MOP$1,409 (US$175), of 4-star hotels by 118% to MOP$937 (US$116) and of 3-star hotels by 86.5% to MOP$938 (US$117).
The average room rate in June alone was MOP$1,305 (US$162), up 119% year-on-year, of which 5-star hotels enjoyed a 102% increase to MOP$1,491 (US$185).
