Strong revenue recovery for CNY, beating previous golden week: Morgan Stanley
Wednesday 07 de February 2024 / 12:00
2 minutos de lectura
(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 2025
18 de June 2025
America Simulcast Drives Innovation in Horse Betting and Wins Over the Crowd at Peru Gaming Show 2025
(Lima, SoloAzar Exclusive) – Jefferson Pernudi, Product Manager at America Simulcast, stated that growing interest in the Peruvian market for international racing products and technology solutions tailored to both retail and digital sectors motivated the company to participate in the Peru Gaming Show. Read more in this interview.
Monday 30 Jun 2025 / 12:00
Strong return for Amatic Industries at Peru Gaming Show 2025
(Austria).-Amatic Industries has made a remarkable comeback at this year’s Peru Gaming show, which took place from 18 – 19 June. The company’s return to PGS was met with strong interest, positive feedback and promising new business opportunities.
Thursday 26 Jun 2025 / 12:00
Innovation, networking and opportunities: Belatra Games reviews its successful participation at Peru Gaming Show 2025
(Cyprus).- Belatra Games is satisfied with its participation PGS 2025. They achieved new connections, upgraded ideas, and left the show with even stronger intentions to provide quality entertainment on the highest level.
Monday 23 Jun 2025 / 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.