Macau’s hotels and guest houses saw total receipts rise 14.7% year-on-year in 2017 to MOP$32.59 billion, according to figures releases by the Statistics and Census Service (DSEC).
Buoyed by the addition of four new operational hotels – boosting the number Macau-wide to 113 – the rise included an 11.7% increase in receipts of 5-star hotels to MOP$24.48 billion, comprising MOP$10.86 billion in room sales, MOP$6.45 billion from the rental of space and MOP$5.27 billion from the provision of Food & Beverages.
Receipts of 4-star hotels increased 2.2% to MOP$4.21 billion, while 3-star and 2-star hotels enjoyed a 64.8% increase to MOP$3.86 billion.
The expenditure of the sector totalled MOP$28.98 billion, up 8.8% year-on-year, with compensation of employees rising 9.1% to MOP$13.02 billion, operating expenses 8.5% to MOP$12.77 billion and the purchase of goods & commission paid up 8.9% to MOP$3.19 billion.
Gross Value Added, a measurement of the sectoral contribution to the economy, rose by 17.3% year-on-year to MOP$16.59 billion, with the Average Value Added per person engaged growing 14.0% to MOP$0.33 million.
As the growth in receipts outpaced that in expenditure, Gross Surplus of the sector surged by 62.1% to MOP$3.57 billion.
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