Published
FinancialIndustry

Macau visitors increase after GDP slow down

For

Macau
the month of October, Macau visitors were up by 7.9% to the prior year-period, amounting to approximately 2.89 million.

The figures were posted by the city’s Statistics and Census Service, showing that the number of overnight and same-day visitors rose by 7.3% and 8.4% year-on-year respectively to 1.47 million and nearly 1.42 million.

The high level of growth was attributed to arrivals coming in for the Chinese National Day holidays – commonly known as the October Golden Week period – which this year was boosted by coinciding with the lunar calendar-based Mid-Autumn Festival holiday.

These promising figures will provide the region some better news after growth levels in Q3 slowed down. Despite the fact that Macau’s GDP expanded by 6.1% on a year-on-year basis, it showed a decrease in the level of expansion in comparison to previous quarters.

Hopefully the increase in visitor numbers during the month of October will give the region the well needed boost to finish off the financial year with some impressive results.

Asia News Sponsor
Premium+ Connections
Premium

Galaxsys

 
Premium

Lynon

 
 
Premium

Revsharks

 
Premium

GammaStack

 
Premium

Imagine Live

 
Premium

1xBet Partners

 
Premium

Sport Generate

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...