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Macau's great comeback | TTG Asia

Macau's great comeback | TTG Asia
ttgasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ttgasia.com Daily Mail and Mail on Sunday newspapers.

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Macao – A healthy, safe, and quality destination

An array of colorful “tourism +” dimensions
Held at the capital of Jiangsu – Nanjing – “Macao Week in Jiangsu” is the latest destination promotion activity which the Macao SAR Government put together in expanding visitor source markets to spur its economic and tourism revival.
For four days from May 14 to 17, the mega roadshow lining Nanjing Pedestrian Street presented Macao’s diverse tourism experiences and commercial opportunities to locals and visitors through its UNESCO-accredited attractions; the city’s cultural and creative industries; sporting events; MinM – Made in Macao (an intitiative supporting local products) and products from Portuguese-speaking countries; and a joint presentation by Macao’s tourism enterprises and an airline; in positioning the city as a healthy, safe and quality destination for all. ....

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Macau Gets a Boost, but Not For Long

Macau has record rebound highs, but is it sustainable?
Macau reported some encouraging news, or was it?
The Peak
A weekend tally indicating the highest single-day visitor count since the onset of the COVID-19 pandemic was positive news, with things likely to go in the opposite direction upon further review.
High Attendance
Macau Government Tourism Office (MGTO) reports 34,252 visitors entered the Chinese Special Administrative Region (SAR) last Friday, April 16, for the highest single count since January 2020, with hotel occupancy at 61 percent between April 9-15.
The Jump
That represents a 12.7 percent event-on-event improvement from Spring Festival Golden Week in February (48.3 percent occupancy), and reflects a welcome wave of activity. ....

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Year of Ox Spring Festival signals persisting recovery

Year of Ox Spring Festival signals persisting recovery
Zhao Yusha Published: Feb 18, 2021 12:33 AM
Stay-at-home economy shines during 2021 Spring Festival Infographic: Jin Jianyu/GT

Robust consumption during the Year of the Ox Spring Festival holidays, with crowded cinemas and scenic sites seen across the country amid a stay-put policy introduced to ward off a possible winter spike of COVID-19, again validated strong consumer confidence in the world s second-largest economy, analysts said on Wednesday.
The brisk, but most importantly, stable performance of retail sectors for the Spring Festival holiday season, which began on February 11 and wrapped up on Wednesday, is seen as a good sign for economic performance for the first quarter as well as for the whole year by economists. ....

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Weekly Technical Gold Price Forecast: Losing Key Uptrend Support

Weekly Technical Gold Price Forecast: Losing Key Uptrend Support
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Weekly Technical Gold Price Forecast: Neutral
Gold prices continue to struggle, even as the US Dollar falls back. Risk appetite is surging, reducing demand for the safe haven.
China’s Spring Festival Golden Week is under way, meaning that global financial markets may see less trading activity coming out of Asia in the coming days.
The IG Client Sentiment Indexsuggests that gold prices in USD-terms (XAU/USD) have a mixed bias.
Gold Prices Week in Review
Gold prices rebounded last week, but only if you squint. Both gold in NZD-terms (XAU/NZD, +0.14%) and gold in USD-terms (XAU/USD, +0.56%) rallied, but every other major currency denomination of gold prices fell back. In a sense, the gains seen by either XAU/NZD or XAU/USD proved inconsequential, insofar as key technical breakdowns that preceded this past week’s price action have not been nullified. Gold ....

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