Analysts from J.P. Morgan say they are expecting "upbeat summer holidays" in Macau, with the city hoping to recover after registering its worst gross gaming revenue figure of 2021 in June.
The average daily number of tourists to Macau during the Golden Week holiday was 37,000, which is a gain of nearly 40 percent from April's average daily arrivals, according to official figures.
Macau’s gross gambling revenue showed a modest improvement in April, rising 1 percent from the prior month, with all eyes now on the Golden Week holiday, which is expected to fuel a steeper gain in May.
A leading Macau official is predicting daily visitation over the five-day Golden Week holiday will be 20 percent above the highest rates seen since the beginning of the pandemic.
Macau is likely to see an average daily rate of visitation some 20 percent above its highest tally since the crisis began during the upcoming Golden Week holiday, Public Security Police Force Chief, Ng Kam Wa, told TDM Radio.
Macau kicks off its "Stay, Dine and See Macau," initiative from Thursday, which offers subsidies to local residents to stay in hotels and enjoy group tours.
Jeju’s foreigner-only casinos have seen a sharp 64 percent drop in sales, and a decrease of employees to the tune of 20 percent as a result of the coronavirus pandemic.
Macau's gross gambling revenue was relatively flat in the first week of April, despite increasing visitation, Bernstein Research wrote in a note.
Fewer than 10,000 foreign tourists visited South Korea each month once the coronavirus pandemic began last April.
The Primorye gambling zone saw a 24 percent drop in resort attendance in 2020 due to the pandemic, but authorities are optimistic about the future and have no intention of changing the long-term plans for the hub.