Macau Visitor Arrivals Up Nine Percent in 2018 First Quarter
Macau visitor arrivals totaled significantly more than 8.5 million within the first quarter of 2018, an 8.6 percent increase on the same three-month period in 2017.
Mainland Chinese residents are flocking to Macau.
March was an exceptionally strong period, as tourism traffic jumped more than nine per cent due to the thirty days having an extra Saturday in 2018 set alongside the year that is previous. Visitor arrivals totaled 2.7 million, which is actually an 11 % fall from February due to that month hosting the Golden Week that is all-important holiday.
Visitation from Mainland China was up almost ten percent last thirty days, and 13.4 percent in the first quarter.
The Macau Statistics and Census Service report is welcomed news to casino operators that continue to look to increase mass market visitation to the gaming enclave.
Gross video gaming income (GGR) has followed the visitation trend. Income from games of fortune are up 20.5 percent through March. China’s gaming enclave has now published 21 consecutive months of positive gains.
After three years of yearly GGR declines between 2014 and 2016 due to Chinese President Xi Jinping’s anti-corruption campaign being extended to VIP junkets, casino operators began rethinking their focus to a lot more of the general population.
Even though the VIP has reigned supreme for a long time and it is in charge of transforming Macau from a sleepy hallow into the world’s gaming hub that is richest, casinos not any longer want to entirely rely on the high roller to help keep revenues robust.Details