Casinonews reports that many hotel properties at Macau casino resorts have sold out or nearly sold out their rooms for the upcoming Autumn Golden Week holiday period, suggesting robust advance bookings, especially for the five-star tier. This could positively impact casino gross gaming revenue (GGR) during the festivities. Autumn Golden Week includes the lunar calendar-based Mid-Autumn Festival on September 29 and China’s National Day on October 1.
Sold Out Hotels:
As of a recent check, 22 hotels associated with Macau casino complexes had sold out their standard rooms for two adults for at least three nights during this year’s eight-day Autumn Golden Week festivities. The hotels include those associated with properties like Grand Lisboa, MGM Macau, MGM Cotai, Wynn Macau, Wynn Cotai, City of Dreams Macau, Studio City, Galaxy Macau, Raffles at Galaxy Macau, The Venetian Macao, Parisian Macao, The Londoner Macao Hotel, Conrad Macao, and Four Seasons Hotel Macao Cotai Strip, among others.
Positive Outlook for GGR:
Industry experts believe that the strong advance bookings, particularly for the five-star tier of hotels, could bode well for casino gross gaming revenue (GGR) during the festivities. The high demand for hotel rooms within casino complexes suggests a strong interest in visiting Macau during this period, potentially leading to increased casino activities.
Average Nightly Rates:
For the upcoming golden week period, the average nightly rates for the still-available hotel rooms for two people within casino complexes mostly range between MOP3,000 (about US$373) to over MOP4,000. These rates apply to the period from September 30 to October 3, which is within the Golden Week.
The high demand for hotel rooms in Macau during Autumn Golden Week indicates a potentially busy and prosperous period for the casino industry, aligning with expectations of increased gaming activities and higher revenues.