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Analysts at Nomura predict GGR will grow 10 to 15 percent this month. But forecasts are wide ranging. Jefferies sees only a small one to three percent gain, while Bank of America Merrill Lynch believes casinos will win five percent more this month than they did in February 2018.<\/p>\n<\/div>\n
All of those projections, however, were made before the MGTO travel data for the Spring Festival became known.<\/p>\n
The MGTO says there are 40,109 hotel rooms in the enclave, and 96.7 percent were booked during the New Year celebration. The recent opening on the Hong Kong to Macau bridge, which reduces auto travel time between the two Special Administrative Regions from four hours to 40 minutes, is another reason Macau casinos are betting on continued visitor arrival increases.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau visitor arrivals and gross gambling revenue (GGR) don’t necessarily go hand in hand, but a 27 percent tourism surge during the Chinese New Year is certainly good news. The Macau Government Tourism Office (MGTO) reveals that more than 1.2 million people traveled to the enclave during the Spring Festival Golden Week. The MGTO says […]<\/p>\n","protected":false},"author":25,"featured_media":98064,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,13592],"tags":[],"acf":[],"yoast_head":"\n
Macau Visitor Arrivals Up 27 Percent During Chinese New Year<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n