According to Macau’s Statistics and Census Service (DSEC), the hotel industry in Macau turned from a loss to a profit of MOP$8.18 billion (US$1.02 billion) in 2023, driven by a 140% year-on-year increase in revenue to MOP$37.93 billion (US$4.72 billion) as a result of a significant increase in the number of guests and a rebound in the occupancy rate of the hotels.
The revenue split included room revenue of MOP$18.37 billion (US$2.28 billion), food and beverage service revenue of MOP$8.14 billion (US$1.01 billion) and rental venue revenue of MOP$8.07 billion (US$1 billion), up by 240%, 180% and 40% year-on-year respectively.
Expenses increased by 41% year-on-year to MOP$29.75 billion (US$3.69 billion), with operating expenses of MOP$14.2 billion (US$1.77 billion), staff expenses of MOP$12.14 billion (US$1.51 billion) and purchases and commissions of MOP$3.41 billion.
In terms of hotel class, the revenue of 4-star hotels increased by nearly 70% year-on-year, while the revenue of 5-star and 3-star hotels more than doubled, and the revenue of 2-star hotels more than tripled.
All of the star-rated hotel sectors recorded profits, with 5-star, 4-star, 3-star and 2-star hotels making combined profits of MOP$5.88 billion (US$730 million), MOP$1.13 billion (US$140 million), MOP$1.06 billion (US$130 million) and MOP$100 million (US$12.43 million) respectively.
As a result, the hotel industry turned from a loss to a profit of MOP$8.18 billion (US$1.02 billion). The figures reflect a 300% year-on-year increase in gross value added (GVA) – the industry’s contribution to the Macau economy – to MOP$20.35 billion (US$2.53 billion).
