Hotel accommodations in Macau casino resorts are nearly sold out for the upcoming Autumn Golden Week, indicating robust demand. Industry insiders believe this high demand, particularly in the five-star tier, bodes well for casino gross gaming revenue (GGR) during the festivities, which includes the lunar calendar-based Mid-Autumn Festival and China’s National Day. The ease of travel for mainland Chinese visitors has increased with automated visa application processes, enhancing traffic of both leisure travelers and gamers during this period.
High Demand for Hotel Rooms:
A casinonews snapshot survey of booking engines for hotels within Macau casino resorts showed very little spare accommodation for the upcoming Autumn Golden Week. This is seen as a positive indicator for potential high casino gross gaming revenue (GGR) during the festivities.
Industry Expectations:
A senior Macau gaming executive mentioned that their company prioritized gambling customers for hotel room allocation, and they had observed “very encouraging” general bookings for autumn Golden Week.
Hoffman Ma Ho Man, deputy chairman of Success Universe Group Ltd, mentioned that the convenience of travel visas for mainland Chinese visitors would likely result in good traffic from both leisure travelers and gamers during the Golden Week.
New High-End Hotels:
Macau has recently seen the launch of several new high-end hotels, such as the Raffles at Galaxy Macau and Andaz Macau. These new additions add to the appeal and capacity for visitors during the Autumn Golden Week.
Analyst Insights:
Analysts predict that the daily GGR per day in October Golden Week will likely exceed the MOP643 million (US$79.8 million) per day recorded in 2023’s May Golden Week, given the increased visitation levels and a strong patron profile, particularly in the premium mass segment.
Hotel Occupancy and GGR Estimates:
Morgan Stanley Asia Ltd predicts that Macau’s casino hotels are likely to experience occupancy levels similar to those during the Labour Day holiday period in May and close to the autumn Golden Week in 2019. The firm estimates around MOP800 million (US$99.4 million) per day in GGR during the autumn Golden Week, implying a VIP recovery of approximately 30 percent and mass at 100 percent.
The high demand for hotel accommodations in Macau during the upcoming Autumn Golden Week suggests a potentially prosperous period for the casino industry, with increased gaming activities and higher revenues expected.