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Macau’s hotel occupancy rate down 3% year-on-year in October but improved sequentially

Newsdesk by Newsdesk
Thu 1 Dec 2022 at 02:55
Macau hotel occupancy rate more subdued in January
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Macau’s hotel room occupancy rate decreased by 3% year-on-year to 41.8% in October, with the average occupancy rates of 4-star and 2-star hotels declining more sharply, by 20% and 18.6% respectively.

However, October’s rate was 4.2 percentage points higher than September, when the hotel occupancy rate was 37.6%.

According to information from Statistics and Census Service (DSEC), there were 118 hotel establishments providing accommodation services to the public in October, an increase of two establishments year-on-year, and the number of available rooms rose by 2.5% to 37,000.

Although the occupancy rate fell in October, hotel guests increased by 11.3% year-on-year to 494,000, of which 390,000 were mainland residents, up 15% year-on-year, while 70,000 were local residents, down 11.1% year-on-year. The average length of stay decreased by 0.2 nights to 1.7 nights.

For the first 10 months of 2022 combined, the average occupancy rate of hotel establishments dropped 12% year-on-year to 37.9%, while the number of guests decreased by 22.5% to 4.248 million. The average length of stay remained at 1.8 nights.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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