Macau tourism grows slowly by 0.86% in June
Costly transportation and accommodation pushed tourists away.
Macau tourism had a dry season when it posted a 0.86% YoY growth rate of visitor arrivals in June.
According to a report by OCBC, the number of visitors from mainland China increased by 0.8%, whilst that from Hong Kong dropped by 3.9%, and the number from Taiwan fell by 9.9%.
Costly transportation and accommodation services could have deterred some tourists, OCBC said.
However, the number of overnight visitors grew for the 23rd month, whilst the share of overnight visitors hit a record high of 56.7%.
Tourist flow from Japan increased 13.5% whilst South Korea’s soared by 42.2%.
“This indicates factors including global recovery, a stable MOP and a wide range of promotions offered by a slew of new hotels could still help to lure tourists from various countries to stay overnight and therefore continue to support the revival of the tourism sector,” OCBC said.