30 Jan 2023
A total of 484,505 tourists entered Macau during CNY this year, which was up 297% YoY, and 54% higher than 2020, though the number is only 40.3% of that in 2019. Out of the incoming tourists, 59% was from mainland China, while 36% was from HK, and 5% from other places. While there was a huge surge in tourists YoY, according to industry figures cited by the Macao Government Tourism Office (MGTO), local hotels just registered an average occupancy rate of 85.7% during the CNY Golden Week, up by only 22.4ppt YoY, indicating that a large majority of visitors are not staying overnight in Macau. Average room rate of Macau’s hotel establishments (including hotels, apartment hotels, and economical accommodation establishments) was at 1,575 patacas, up by almost 50% YoY.