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2021-04-14 12:35:57 GMT2021-04-14 20:35:57(Beijing Time) Xinhua English MACAO, April 14 (Xinhua) -- The Tourist Price Index (TPI) of Macao for the first quarter of 2021 went down by 15.16 percent year on year to 115.78, the special administrative region's statistics service said here on Wednesday. The latest report from the Statistics and Census Service (DSEC) showed that the decrease was on account of lower hotel room rates, reduced prices of local food products and falling airfares. The price index of accommodation tumbled by 55.09 percent year on year. Price indices of transport and...

As part of a fresh economic-stimulus package announced on Monday, the Macau government is to waive from May to December this year, an estimated MOP440-million (US$55.0 million) in tourism tax normally levied at 5 percent on services provided by local hotels, bars, karaoke venues and massage parlours. Additionally, the local government is to spend up to MOP120 million – about US$15 million – during the April to December period, in subsidising local residents either for a single stay at one of the city’s hotels, or to take part in local tours, according to the Monday statement. The moves...

But China still needs to lift e-visa restrictions before a rebound can really begin.

The number of hotel rooms in Macau is set to increase by at least one-quarter over the next few years. As of the fourth quarter last year there were 17 hotel projects under construction, the latest data from Macau’s Land, Public Works and Transport Bureau show. That would provide the city with 8,607 new hotel rooms. The data did not give estimated completion dates for the new hotel projects. A further 20 projects were in a planning stage at the end of last year, which would eventually provide an additional 2.268 rooms, according to the data. Macau had approximately 34,100 hotel rooms at th...

Macau starts 2021 with GGR down 63.7% 1st February 2021 | By Richard Mulligan Macau started 2021 with another month of year-on-year decline according to figures released by the Chinese Special Administrative Region’s authorities. Gross gaming revenue was at MOP8.02bn ($1.0bn/€826.0m/£729.0m), which was down 63.7% compared to January 2020, according to the Gaming Inspection and Coordination Bureau. It was a 12 th month in a row in which Macau has seen a year-on-year decrease of more than 50%, with the autonomous region on the south coast of China having been impacted by a huge fall in tou...