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The Macau government has added Shijiazhuang, the capital of Hebei province and Shenyang, the capital of Liaoning province, to the list of destinations on which a 14-day mandatory quarantine will be imposed.
As we head into the final days of 2020, Covid-19 is once again ramping up in Asia creating new challenges for travel and tourism and triggering a new wave of restrictions.
The Malaysian government's easing of travel restrictions to allow inter-state travel from Dec. 7th should provide a boost to visitation to Genting Malaysia, UOB Kay Hian Malaysia Research says.
Surprising strength in Chinese luxury spending, an ongoing clampdown on online gambling and limited travel options all bode well for Macau and shares in its operators, Morgan Stanley said.
A senior Chinese health official said now is not the right time to create travel bubble similar to the one suggested by Hong Kong and Singapore and has urged Chinese to limit travel overseas to prevent importing cases.
Macau’s six operators are likely to be able to break even on the EBITDA level by mid-Autumn as China renews individual visit scheme visas, according to Bernstein Research.
Genting Singapore is seeking to cut costs by about 20 percent to 30 percent after suffering its worst quarterly loss since it opened Resorts World Sentosa.
The latest border easings between China and Macau are a positive step but will have limited impact on gross gambling revenue, analysts said.
Macau has seen improved visitation since the easing of travel restrictions with Mainland China, though progress is slow and a V-shaped recovery is not expected, Bernstein Research said in a note.
Hong Kong, Macau and Guangdong authorities are in discussions aimed at easing border requirements that would allow residents to be exempted from a 14-day quarantine period when travelling across borders.
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