The final days of the CNY holiday week showed improvement for Macau’s casinos, with more to come as quarantines lifted.
Average occupancy rates at Macau hotels during the CNY holiday period remain low despite reduced prices.
The Chinese New Year holiday period wasn’t expected to be great for Macau, but the numbers are worse than hoped.
Visitation to Macau is slowing as China sees more COVID-19 issues, threatening the upcoming Chinese New Year.
Both Macau and China are suggesting that everyone avoid planning any trips to celebrate the Chinese New Year next month.
The Cotai property could be ready by next year’s Chinese New Year.
Macau sees a huge drop in visitation during this year’s Chinese New Year because of the coronavirus.
A second case of coronavirus has been identified, forcing changes in the Chinese New Year celebrations.
The gambling capital is preparing for an uptick in visitors for the annual celebration, and hoping it turns around what was a hard 2019.
Macau saw an increase of 26.1% in visitation over the first four days of the period, which ran from February 4-7.