Macau Projects Record Arrivals for Labor Day Holiday
Skift Take
Macau is showing resilience. Thai-listed Minor International is seeking to list a REIT in Singapore before year-end. Plus, more hotel deal and development news.
The Philippines Dept of Tourism said inbound visitor arrivals grew 10.43% year-over-year to 1,828,657 in 1Q26, with mainland China arrivals up 56.5% to 114,377. With arrivals plunging from China to Japan, everyone has been wondering where the Chinese are going. The problem with these numbers is that they differ from the initial tourism data the DOT released, which showed a much smaller 2.6% increase in foreign arrivals and declines from both China and South Korea. The discrepancy was explained as the first one reported being on citizenship rather than residency. The new data has mainland Chinese arrivals accounting for 6.3% of the total, versus 4.7% in the year-ago quarter. Maybank Securities said the visa-free entry and rollout of e-visas are helping bring back the Chinese, who accounted for 21% of the arrivals before the pandemic. The residency data shows a decline of 5.87% year-on-year in arrivals from South Korea in the first quarter. The
