Strong revenue recovery for CNY, beating previous golden week: Morgan Stanley
Wednesday 07 de February 2024 / 12:00
⏱ 1 min read
(Macao).- The forthcoming Lunar New Year is poised to outperform the last Golden week in terms of industry-wide revenue recovery, recent analysis by Morgan Stanley has suggested.
According to analysts Praveen K Choudhary and Gareth Leung who compiled average daily rates (ADRs) and room occupancy data, Macau’s hotel supply for the festive occasion is likely to recover to a level 15 percent above that of 2019.
The expected LNY level is also “comparable” to the last golden week, the pair wrote.
The 2023 National Day holiday, as the two pointed out, saw a 72 percent recovery compared to pre-Covid 2019, while visitation was back up to 87 per cent.
The hotels under Sands China and Galaxy Entertainment Group are forecast to be “doing better”, said the analysts, citing ADRs tracking 50 per cent above that of last October’s Golden Week, and 30 percent above that of the 2019 Lunar New Year.
“We think this shows premium Mass was still the core for growth, though concerts could help grind mass recovery for this CNY, in our view,” they wrote.
Morgan Stanley expects the casino revenue to climb up further – by 4 per cent – to reach MOP20 billion (US$2.5 billion), with MOP691 million per day.
The daily average could even surge to 900 million per day in the week-long holiday – a level that is about 78 per cent of 2019’s and 9 per cent above the last Golden Week’s.
It also suggests a VIP recovery of 30 per cent, as well as a 118 per cent of mass recovery, slightly up from the range of 110 per cent to 115 per cent observed last month.
By Aries Un
Categoría:Reports
Tags: Sin tags
País: Macao
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 2026 / 12:00
Regulation and the Black Market in Latin America: Challenges and Solutions
(Lima, SoloAzar Exclusive).– As part of the Peru Gaming Show (PGS) 2026 conferences, gaming industry leaders analyzed one of the main challenges currently facing regulated markets in Latin America: the growth of illegal gambling. The panel "Regulation and the Black Market: Challenges and Solutions" brought together Carlos Fonseca, CEO of Gaming Law, as moderator; Neil Montgomery, founding partner of Montgomery & Associados; Tatiana Vásquez, founding partner of Vázquez Asociados; Karen Sierra Hughes, Vice President for Latin America, the Caribbean, and Spain at GLI; and Vanessa Cabrera, Director of the Control and Sanction Directorate of the DGJCMT-MINCETUR, who debated the causes of the black market, the available regulatory tools, and strategies to strengthen channeling toward legal gaming in the region.
Wednesday 15 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
