Reports MACAU MARKET REPORT
This year saw some increases and passenger numbers between January and July 2023 hit almost two million. July 2023 saw 550,000 passengers (60 per cent of 2019 data) which was 28 per cent higher than June passengers. There was also a 10 per cent rise in flight volume from the previous month with 4,000 aircraft movements (58 per cent of 2019 volume for the same month).
connected Macau to the rest of the world. Basically if you could afford it you flew by private helicopter or hopped onto the seaplane for short commutes.
Air Macau was established in 1994 and flight services began the following year once Macau International Airport was built.
Within four years Air Macau had 1.1 million passengers annually which rose to an all-time high in 2019 with 9.6 million passengers. Te route network covers 43 destinations – 27 in China and 16 internationally – with 28 airlines served at the airport.
Post Covid flight volumes at Macau’s airport are standing at around 70 per cent of what they were pre-pandemic. In March 2023 passenger volume was around 300,000 – just 30 or 40 per cent of what it was in March 2019 (781,400).
Numbers have seen dramatic drops over the last three years. Compared to the total number of 9.6 million passengers through the airport in 2019 this had dropped to 1.17 million in 2020, 1.14 million in 2021, and just 600,000 in 2022 when a Covid outbreak prompted the government to implement restrictions again.
Tis year saw some increases and passenger numbers between January and July 2023 hit almost two million. July 2023 saw 550,000 passengers (60 per cent of 2019 data) which was 28 per cent higher than June passengers. Tere was also a 10 per cent rise in flight volume from the previous month with 4,000 aircraft movements (58 per cent of 2019 volume for the same month).
P52 WIRE / PULSE / INSIGHT / REPORTS
Te airport is currently working with the tourism department in Macau to drive the growth of medium and long-haul routes whilst adding new routes.
Macau maintains separate governing and economic systems from those of mainland China and is the most densely populated region in the world. With more than 704,000 residents it has a population density of 23,472 per
sq.km.
Pre-pandemic Macau had the third highest per capita GDP in the world, behind Luxembourg and Switzerland. Since its handover to the Chinese, Macau’s GDP per capita had been growing significantly and by 2018 had quadrupled from MOP120,000 (US$14,932) in 1999 to MOP670,000 ($83,371).
When Covid struck it hit Macau hard and GDP per capita in 2022 was around $29,369 rising to $50,570.
Unemployment in 2022 reached 4.3 per cent from an average of 1.8 per cent in 2019 pre- Covid. It is now around 2.5 per cent.
GAMBLING MARKET OVERVIEW
A Portuguese trading colony dating back to the 16th century, Macau has always had a gambling history. Te peninsula just off China’s southwest coast has a 3km land boundary with China whilst the islands of Taipa and Coloane are joined together by a strip of reclaimed land (Cotai) which hosts the casino resorts.
Te once sleepy backwater attracted Chinese and Hong Kong visitors with gaming houses and
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