Oyo Reported to Get More Financial Backing
Skift Take
- Macau's Golden Week holiday saw a surge in visitors, with over 932,000 arrivals and high hotel occupancy rates, mainly driven by mainland Chinese tourists.
- Indonesia plans a significant expansion in its tourism sector, aiming to attract up to $8 billion in investments for specific destinations.
- Several new hotel properties by Accor and Hilton are announced in countries including Australia, Vietnam, Sri Lanka, and Malaysia.
China wrapped up its Golden Week holiday with Macau’s sensational week being tempered somewhat due to a Typhoon heading towards them. We went from an average of 128,000 visitors a day on day 6 to ending the 8-day holiday with over 932,000 visitor arrivals, an average of close to 117,000 a day. Executives have mentioned 90%+ hotel occupancy rates during the week. The Macao Government Tourism Office pegged the number for the week at 87.9% with an average room rate of MOP1,804.1 (US$225). Mainland Chinese visitors accounted for about 80% of the visitation. In Hong Kong, about 1 million visitors arrived from September 29 to October 4, with immigration data showing 1.4 million residents left to visit other places.
Indonesia’s Minister of Tourism and Creative Economy, Sandiaga Uno, announced a major expansion plan focused on expanding tourism outside of Bali, aiming to add five new hotels within the next two to three years. Uno revealed there are 25 companies from various countries exploring investment opportunities in Indonesia’s tourism sector, primarily focusing on two Super Priority Destinations, Likupang and Mandalika, and eight Special Economic Zones dedicated to tourism. Uno also set an ambitious target of attracting up to $8 billion in investments for five Super Priority Destinations: Borobudur, Likup