Colliding Continents

Wednesday, December 12, 2007

Blow Your Money in Macau

A rising middle class, weak dollar and more disposable income is allowing for more Chinese travelers to live it up in Macau. Northeast Asia makes up 94% of total visitors and a little more than half of that percentage is made up by mainland Chinese traveling between January to October of 2007 according to the Macau Government Tourist Office. This figure is up 20.74% from the same months in 2006. Hotel occupancy has increased from 59% in January 2007 to almost 90% in October 2007 with the largest percentage increase seen amongst four star hotels.

With fresh and familiar names from the strip having made appearances already, such as the Wynn hotel and casino, this island is starting to make Las Vegas look like its old uncle. Macau offers everything from golf, cable cars, cycling, trekking, a formidable nightlife scene, horse racing, greyhound racing and casino gambling.

Growth indicators in Macau show how well this little island is doing and how much better off its mainland visitors are financially. In the past two years the number of rooms available has increased by 27,517, overall occupancy rates are up 4.33%, 341 more tour guides are available and 43 more restaurants established.

With this kind of growth, Macau is undoubtedly establishing itself as Asia’s playground.

For more information visit the Macau Government Tourist Office.

*Photo courtesy of MGTO

Labels: Destinatons

Written at 4:48 PM by Sebastien.

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