• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 22 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Macau 4-star hotels surged in 2016: report

Ben Blaschke by Ben Blaschke
Mon 18 Sep 2017 at 22:35
Print Friendly, PDF & Email

Macau’s 4-star hotel rooms were the big winners in 2016, with receipts surging 51.2% to MOP$4.12 billion according to figures released this week by the Statistics and Census Service (DSEC). Macau currently boasts 17 hotels classified as 4-star including Studio City, The Countdown at City of Dreams – formerly known as Hard Rock – and the Holiday Inn. Around MOP$2.09 billion of those receipts came directly from room sales.

Total receipts from the hotel sector grew 9.3% for the year to MOP$28.47 billion, with the number of hotels and guesthouses city-wide increasing by two to 109.

Receipts of 5-star hotels grew by 2.2% year-on-year to MOP$21.92 billion, with room sales comprising a major source of receipts at MOP$9.85 billion. Receipts of 3-star hotels increased 32.8% year-on-year to MOP$2.28 billion while that of 2-star hotels fell 14.2% to MOP$99.46 million.

The number of persons engaged in the sector grew by 9.6% to 49,628, including 27,204 engaged in the eight hotels boasting 1,500 workers or more.

However, expenditure of 5-star hotels increased by 6.1% year-on-year to MOP$20.30 billion, with compensation of employees totaling MOP$9.37 billion and operating expenses MOP$8.65 billion growing by 7.9% and 5.2% respectively. Expenditure of 4-star hotels grew 29.9% to MOP$3.82 billion, incurred mainly from operating expenses of MOP$2.07 billion.

Gross Value Added, which measures the sectoral contribution to the economy, rebounded from a decline in 2015 to enjoy a 7.6% year-on-year increase to MOP$14.21 billion. As new hotels started operation in the second half year of 2016, the growth in expenditure outpaced that in receipts, which drove down gross surplus of the sector by 17.3% year-on-year to MOP$2.28 billion. The rate of decrease was significantly smaller than that in 2015 where it fell by 44.4%.

RelatedPosts

Morgan Stanley: Macau’s peninsula IRs could claim some GGR share from closure of SJM’s satellites

Seaport raises Macau GGR forecast for second half of 2025, increases target price for almost all Macau-linked stocks

Tue 22 Jul 2025 at 06:49
Genting presents New York casino proposal to Community Advisory Committee, described as state’s largest IR

Genting presents New York casino proposal to Community Advisory Committee, described as state’s largest IR

Tue 22 Jul 2025 at 05:21
PAGCOR’s Alejandro Tengco

Inside Asian Gaming launches new dedicated website for IAG EXPO at iagexpo.com

Mon 21 Jul 2025 at 16:11
Victoria to launch trial of mandatory carded play across 43 gaming venues in September

Victoria to launch trial of mandatory carded play across 43 gaming venues in September

Mon 21 Jul 2025 at 13:05
Load More
ShareShare
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Morgan Stanley: Macau’s peninsula IRs could claim some GGR share from closure of SJM’s satellites

Seaport raises Macau GGR forecast for second half of 2025, increases target price for almost all Macau-linked stocks

by Ben Blaschke
Tue 22 Jul 2025 at 06:49

Investment research firm Seaport Research Partners has upped its 2025 Macau GGR forecast and increased its price targets for almost all stocks on improved sentiment following a recent surge in gaming revenues in the world’s largest casino hub. In a...

Genting presents New York casino proposal to Community Advisory Committee, described as state’s largest IR

Genting presents New York casino proposal to Community Advisory Committee, described as state’s largest IR

by Ben Blaschke
Tue 22 Jul 2025 at 05:21

Genting Malaysia’s US subsidiary, Genting New York LLC, said Monday it had completed a key step in its pursuit of a full New York casino license after presenting its expansion plan for Resorts World New York City (RWNYC) to the...

PAGCOR’s Alejandro Tengco

Inside Asian Gaming launches new dedicated website for IAG EXPO at iagexpo.com

by Newsdesk
Mon 21 Jul 2025 at 16:11

Inside Asian Gaming, Asia’s premier B2B gaming industry media and events company, is pleased to announce the launch of brand-new dedicated website for the upcoming IAG EXPO, to be found at iagexpo.com. The IAG EXPO will take place at Manila’s Newport...

Victoria to launch trial of mandatory carded play across 43 gaming venues in September

Victoria to launch trial of mandatory carded play across 43 gaming venues in September

by Ben Blaschke
Mon 21 Jul 2025 at 13:05

A trial of mandatory carded play across 43 venues with gaming machines will launch in Victoria next month, the state’s government has revealed. The trial – which will require patrons to use a “YourPlay” card and set loss limits in...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English