China likely to open Hong Kong borders, ease Macau visa restrictions in Q4: Bernstein

Brokerage Bernstein has touted a likely opening of Hong Kong’s borders with mainland China and Macau, and an easing of visa restrictions for travel from mainland China to Macau, in 4Q22 – paving the way for a rapid recovery trajectory towards the end of the year.

The forecast by analyst Vitaly Umansky comes after Macau just recorded its weakest quarterly GGR since the September 2020 quarter, impacted by COVID-19 outbreaks in Hong Kong and on the mainland.

While weakness is tipped to carry into April, Umansky believes there will be improvement through May and June before strengthening further late in the year once China’s Communist Party National Congress is complete.

Source: https://www.asgam.com/index.php/2022/04/08/china-likely-to-open-hong-kong-borders-ease-macau-visa-restrictions-in-q4-bernstein/