Some Macau hotels saw occupancy reach 100% at times during the Chinese New Year holiday period, according to SJM Holdings Co-Chairman and Executive Director Angela Leong.
Speaking to local Chinese media this week after the Macao Government Tourism Office revealed the average occupancy rate of Macau’s hotels during CNY had grown 15.2% year-on-year to 63.8%, Leong said the performance of some SJM hotels had been particularly strong.
“There were a few days during CNY [at] some of our hotels, the hotel’s occupancy rate was 100%,” she said.
“Some of them reached 60% to 70%, so the overall performance I think was good.”
Asked about gaming, with some analysts suggesting GGR had grown by 60%, Leong said, “The casino’s performance during CNY was ok and satisfactory. in the current situation, what result can we expect? We should work hard together.”
The MGTO’s figures showed that the average occupancy rate of 5-Star hotels reached 70.3% during CNY, up 19.3 percentage points versus CNY in 2021, while 4-Star hotels saw a more modest 53.5% occupancy rate and 3-Star hotels 59.2%.
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