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Macau hotels record 1H24 occupancy rate of 84%

Pierce Chan by Pierce Chan
Mon 29 Jul 2024 at 13:46
Macau hotel room rates soar ahead of Chinese New Year holidays
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Macau’s average room occupancy rate for the first half of 2024 rose by 6.1 percentage points year-on-year to 84.0%, according to information from the Statistics and Census Service (DSEC). The occupancy rate of five-star hotels at 85.8% and four-star hotels at 80.4%, up by 8.1 and 4.5 percentage points respectively.

The first six months of the year also saw the number of hotel occupants increase by 20.4% to 7,277,000, which was 5.3% higher than the same period of 2019. Among them, 5.3 million hotel occupants were from mainland China, up 21.9% year-on-year.

There were 542,000 foreign hotel guests, up 140% year-on-year, of which 149,000 were from Korea, an increase of 270% year-on-year.

As of 30 June 2024, there were 143 hotel venues providing accommodation services to the public, an increase of 12 venues year-on-year, while the number of rooms available increased by 9.1% to 47,000 rooms.

The average room occupancy rate of hotel establishments for the month of June decreased by 1.4 percentage points year-on-year to 82.7%, although the number of guests increased by 0.4% to 1.14 million. The average length of stay decreased by 0.1 nights to 1.6 nights.

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Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

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