More than half of Golden Week: the number of tourists in Macao decreased by 87.4percent year on year

category:Finance
 More than half of Golden Week: the number of tourists in Macao decreased by 87.4percent year on year


Affected by the new crown epidemic, the mainlands free travel to Hong Kong and Macao was suspended at the end of January, bringing a huge impact on Macaos gambling industry. From August 26, Guangdong Province resumed the application of tourism endorsement, while the whole country began to handle tourism endorsement from September 23.

According to the data from Ctrip, a mainland tourism platform, since September 22, the number of searches for various tourism products in Macao on the platform began to soar, with a maximum increase of 500%. However, Macao will not usher in the long-awaited small peak of tourism during the National Day Golden Week.

Affected by the new crown epidemic, Macaos gambling industry recovered slowly. Macaos gambling revenue fell by 12 million yuan in the same month, and the gaming revenue of Macao fell by 12 million yuan in a row. However, gaming revenue rebounded by 66.2% month on month in September. In the first nine months of this year, Macaos gaming revenue was 38.605 billion yuan, down 82.5% year on year.

Affected by the epidemic situation, tourism, as the pillar industry of Macao, has suffered an unprecedented impact. In the first half of this year, the number of group passengers plummeted by nearly 95% to 253000. According to the Macao macroeconomic forecast for 2020 released by the University of Macau, Macaos GDP may shrink sharply from - 55.7% to - 59.1% this year, while the government revenue will be reduced to 71.3 billion to 92.9 billion Macao dollars. In order to attract tourists to Macao for tourism and consumption, the Macao SAR government has previously launched a plan of expanding the source of tourists, invigorating the economy and ensuring employment. It has issued a total of 290 million Macao yuan consumption coupons for mainland tourists, and has jointly launched a number of preferential activities such as hotels and air tickets with Macao airlines and other businesses. Macaos economic and Financial Secretary Li Weinong said recently that the resumption of the mainlands free travel to Macao on September 23 was an important turning point in economic recovery. However, due to the complex overseas epidemic situation, the number of tourists and gambling industry income still fluctuate in the short term, so it is unrealistic to expect a sharp increase in tourists in the short term. Source: responsible editor of 21st century economic report: Wang Wenhua_ NF5982

Affected by the epidemic situation, tourism, as the pillar industry of Macao, has suffered an unprecedented impact. In the first half of this year, the number of group passengers plummeted by nearly 95% to 253000. According to the Macao macroeconomic forecast for 2020 released by the University of Macau, Macaos GDP may shrink sharply from - 55.7% to - 59.1% this year, while the government revenue will be reduced to 71.3 billion to 92.9 billion Macao dollars.

In order to attract tourists to Macao for tourism and consumption, the Macao SAR government has previously launched a plan of expanding the source of tourists, invigorating the economy and ensuring employment. It has issued a total of 290 million Macao yuan consumption coupons for mainland tourists, and has jointly launched a number of preferential activities such as hotels and air tickets with Macao airlines and other businesses.

Macaos economic and Financial Secretary Li Weinong said recently that the resumption of the mainlands free travel to Macao on September 23 was an important turning point in economic recovery. However, due to the complex overseas epidemic situation, the number of tourists and gambling industry income still fluctuate in the short term, so it is unrealistic to expect a sharp increase in tourists in the short term.