Macau hotels record improved five-month occupancy rates

At Macau, the first five months of this year allegedly saw average daily hotel occupancy rates increase by 4.4% year-on-year to reach 89.3percent while the median price to get a siphoned to five-star room climbed by 5.7percent to stand at around $164.54 each night.

Based on a Tuesday report by GGRAsia citing official figures in the city’s Statistics and Census Service, the average daily five-star hotel occupancy rate for the five months to the end of May had swelled by 6.7% year-on-year to 91.6percent while the amount due to their provincial counterparts had improved by 3.1percent to reach 90.4%.

The figures also revealed that the five-month period had seen the average length of stay in a five-star Macau hotel hit 1.7 days, which was marginally longer than the city-wide tally of 1.5 days, while the enclave’s hotels and guesthouses had welcomed 8.2percent more guests in comparison to the exact same period in 2017 at just over 5.71 million.

GGRAsia additionally reported that Macau’s hotels and guesthouses had featured several 38,600 rooms in May, which represented an improvement of 6.4% , with roughly 61% being categorized as five-star accommodation. The 31-day month saw the joint median daily occupancy rate for four-star and five-star possessions achieve a tally that was 2.5% greater than the city-wide average at 90 percent.

Citing separate figures in the Macao Government Tourism Office and the Macau Hotel Association, GGRAsia reported the average daily cost for a five-star in Macau during the five-month period had risen by 2.7% year-on-year to about $203.51 while the rate for their four-star equivalents had jumped by 10.3percent to around $100.79.