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MO Hotel Industry Envisions 90%+ Occupancy During LNY
Recommend 12 Positive 27 Negative 14 |
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Macau hotel operators indicated that hotel booking rates and travel agency orders for the Lunar New Year (LNY) period are elevating incessantly, Macao Daily News reported. It is anticipated that hotel occupancy rates during the LNY period will top 90%, marking a peak period for Macau's tourism market. Cheung Kin Chung, President of Macau Hoteliers & Innkeepers Association, analyzed that this year's LNY brings together multiple positive factors, including government preparations for parades and festive activities such as the LNY market. As the mainland's LNY holiday coincides with a weekend, creating a nine-day holiday, it is expected to boost travel enthusiasm among mainland tourists. He expected Macau's tourism market during the LNY holiday to maintain strong momentum, with a sharp increase in border crossings, averaging over 150,000 per day, potentially growing by about 20% compared to the same period last year. The overall tourism economy outlook is upbeat, and the industry is confident about the LNY market. AASTOCKS Financial News Website: www.aastocks.com |
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