Insights from Prof. Dr. Wolfgang Arlt, China Outbound Tourism Research Institute (COTRI)
Before September 23, only citizens of Guangdong could get IVS visas to get to Macau – taking around ten days to get one.
For many in China, it has not been easy to get an IVS visa in time for the October Golden Week holidays, which was probably done purposefully to balance between helping Macau boost its tourists (and casino visitors) as a reward for “good” behavior (as opposed to Hong Kong) and on the other hand prevent Macau from being overrun by Mainland tourists – possibly creating a new virus hot-spot and spreading the virus all over China with the returning visitors.
In August, Macau had 200,000 visitors, this was already more than the rest of the world together saw of Mainland Chinese tourists during that month.
It is not, as some Western media have said because the Chinese do not dare to travel. With 637 million domestic trips during Golden Week, it shows that people are not afraid to travel and most people are not too poor to do it.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.