little hope of the influx of visitors the casinos and other entertainment facilities so desperately need.
Gross Gaming Revenue in Macau saw its fifth straight month of revenue decline in August. Te GGR has slumped since February due to the knock on effect of limited travel restrictions. Visitors levels were around 2,000 daily in July and around 7,000 daily for the last week of August compared to more than 100,000 on average daily during the same period last year.
Macau’s GGR for the first half of 2020 was HK$32.7bn which has declined by 77 per cent year on year.
Te gaming market is heavily dependent on the tourism sector. Typically customers travel from nearly Asian destinations to gamble. Around 90 per cent of visitors to Macau last year came from mainland China, Hong Kong and Taiwan.
TOURISM Last year there were over 39.4 million visitors to
Macau (10 per cent higher than 2018) made up of 20.7 million same day visitors and 18.6 million over night visitor stays. Around 92 per cent of these visitors were from China. Macau International Airport saw 9.6 million passengers in total last year. Te airport usually serves around 30 airlines and provides access to 55 destinations.
By the end of 2019 there were 123 hotel and guesthouse establishments (36 five star hotels) offering over 38,000 rooms in the city. Occupancy rate is usually around 90 per cent with an average room rate of $170. In June 2020 occupancy rate was just over 11 per cent.
Although tourism to Macau grew during the first half of 2019 to 20.3 million, a 20 per cent increase compared to the same period in 2018, the second half of 2019 was marred by social
disturbances in Hong Kong and visitor numbers fell by 5.7 per cent compared to the first six months to 19.1 million.
And then of course the pandemic arrived. And the tourism market all but collapsed.
January to July 2020 saw a total of just 3.3 million visitors, a drop of 86 per cent on the 23.8 million who visited the same seven month period in 2019.
In the month of January there were 2.85m visitors, by June this had dropped to just 22,500 visitors. In comparison in June 2019 there were just under 3.1 million visitors – a 99 per cent drop year on year for this month.
In the month of July there were 74,000 visitors which came from mainland China, Hong Kong or Taiwan only, a drop of 98 per cent on the 3.5 million in July 2019.
NEWSWIRE / INTERACTIVE / MARKET DATA P85
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