The occupancy rate at Macau hotels is currently at 70% - 80% during weekdays and 80% - 90% during weekends, said Lou Chi Leong, director of the Macau Hoteliers & Innkeepers Association, according to Macao Daily News.
Lou anticipated moderately higher hotel room prices for the upcoming National Day Golden Week period.
Macau's hotel industry forecast "full booking" for hotel guest rooms . . .
Don't let random information shape your understanding of China market. You need a timeline dedicated to the huge market.
To subscribe, buy us a cup of coffee every week!
Don't worry! Cancel before the free trial ends and you won't be charged.
How do we work?
From 8 am to 10 pm every trading day, we closely monitor news and views that have potential to move the markets in mainland China and Hong Kong and have the value to help you understand the economy and the markets. We post the real-time information on the member-only Wire Service, with details and data you don't see elsewhere!
During the weekend, we summarize the most important stories in a newsletter sent directly to your inbox so that you can get a big picture of what happened in China markets in the week.