Macau’s hotel occupancy rate plummeted to just 37.5% through the first nine months of 2022, a drop of 12.9 percentage points on the already suppressed 2021 figures.
According to information from the Statistics and Census Service, the number of hotel guests was also down 25.5% year-on-year to 3,754,000 for the nine months to 30 September 2022, although the average length of stay increased slightly to 1.9 nights versus 1.8 nights a year ago.
This follows an 11.9 percentage point fall in September’s hotel occupancy rate to 37.6%, with the rate for 4-star hotels falling by 21.5 percentage points. The September occupancy rate was marginally better than the 33.3% rate reported for August.
The number of hotel guests in September fell by 16.4% year-on-year to 440,000, with guests from mainland China down 20.3% to 333,000. Local guests increased by 1.2% to 80,000.
The September occupancy rate mirrored the month’s gross gaming revenue result, with GGR falling 49.6% year-on-year to MOP$2.96 billion (US$370 million) according to figures from the Gaming Inspection and Coordination Bureau (DICJ).
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