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Macau hotel occupancy rate more than doubles to 82% for first six months of 2023

Ben Blaschke by Ben Blaschke
Wed 26 Jul 2023 at 06:31
Macau hotel room rates soar ahead of Chinese New Year holidays
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The occupancy rate of Macau’s hotels climbed to 82.0% in the first six months of 2023 combined, up 41.8 percentage points on the 40.2% occupancy rate during the same period last year.

According to information published by the Macao Government Tourism Office (MGTO) on Tuesday, the 1H23 figure included an occupancy rate of 89.0%, by far the highest monthly rate since Macau’s border restrictions were eased on 8 January. The June occupancy rate included 89.1% occupancy in 5-star hotels, 82.3% in 4-star hotels and 96.2% in 3-star hotels.

For the first six months of 2023, 5-star hotels saw occupancy reach 81.7%, with 4-star hotels at 77.4% and 3-star hotels at 88.7%.

The figures reflect those provided by 44 member hotels of the Macau Hotel Association, including 5-star hotels located within all of Macau’s integrated resorts.

Also rising significantly in 1H23 were hotel room rates, which grew by 58.2% year-on-year to MOP$1,247 (US$155). The average room rate of 5-star hotels was up by 49.1% to MOP$1,409 (US$175), of 4-star hotels by 118% to MOP$937 (US$116) and of 3-star hotels by 86.5% to MOP$938 (US$117).

The average room rate in June alone was MOP$1,305 (US$162), up 119% year-on-year, of which 5-star hotels enjoyed a 102% increase to MOP$1,491 (US$185).

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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.

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