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
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 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.
