Visitor Spending in Macau Soars by 36%
Skift Take
Visitor spending in Macau, excluding gaming, increased by over a third year on year, driven mainly by overnight visitors and significant spending on shopping, accommodation, and food and beverage.
The total spending of visitors to Macau, excluding gaming, grew by 35.9% year on year to MOP20.35 billion in 1Q24. That is also 20.2% higher than pre-pandemic 1Q19. The Statistics and Census Service said MOP16.43 billion was from overnight visitors, up 33% year on year while same day visitors’ spending was up 48.5% to MOP3.92 billion. By visitor source, per-capita spending by visitors from mainland China was down -31.6% to MOP2,665. When compared with 2019, per-capita spending of visitors from mainland China was up by 44.1%. Shopping comprised 48% of the total spend in 1Q24, followed by accommodation at 23.3% and food & beverage at 20.9%.
Knight Frank said developers should stop building beachfront hotels in Vietnam as there is a risk of oversupply and 20 million four and five star hotel rooms are sitting vacant. The property consultant said that last year there were 12.6 million international visitors to Vietnam. Pre-pandemic that number was at 18 million. Knight F
