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Asia Casino News outlet for Online Gaming and Gambling Industry in Asia.

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Several Macau hotels fully booked for upcoming Chinese New Year

February 1, 2024 Macau Casino & HotelIndustry Updates

According to GGRAsia, as of Wednesday, several upscale hotels in Macau’s casino resorts do not have any available rooms for any nights of the upcoming lunar-calendar Chinese New Year holiday.

China’s State Council has announced an eight-day Chinese New Year holiday this year, spanning from February 10 to February 17. The council has advised mainland businesses to let workers to start their vacation on February 9, the eve of the formal celebration.

GGRAsia used information from Macau’s casino resort hotels’ official booking websites to conduct an occupancy analysis. They found that almost every night of the holiday season was fully reserved for 15 out of 31 upscale hotel towers, the majority of which were located in Cotai casino resorts. Ordinary lodgings with a king bed or two beds for two people were the main focus of the search.

Over the course of the holiday season, all of the upscale accommodations, including the Grand Lisboa, MGM Macau, MGM Cotai, The Ritz-Carlton Macau, Raffles at Galaxy Macau, The Londoner Hotel, Four Seasons Hotel Macao, and The Grand Suites at Four Seasons, were fully reserved.

For seven of the eight festival nights, there were no empty rooms reported by other well-known casino hotels, such as Wynn Macau, Wynn Palace, Galaxy Hotel, Banyan Tree Macau, Hotel Okura Macau, JW Marriott Hotel Macau, and Conrad Macao.

In addition, there were no rooms available for at least four nights during the eight-day holiday at eight other properties: the Grand Lisboa Palace Macau, Nüwa, Morpheus, Epic Tower of Studio City Phase 2, the Venetian Macao, the Parisian Macao, and the Londoner Court and Sheraton Grand Macao at the Londoner Macao complex.

During the festival season, the starting nightly rate for available rooms in Cotai was MOP3,000 (US$372), exclusive of taxes and service charges. This rate peaked in the middle of the eight-day period. During this time, several standard hotel rooms in Cotai gaming resorts cost more than MOP6,000 per night.

Macau’s gaming and hotel industries are usually active over the Chinese New Year holiday; the Macao Government Tourism Office predicts 120,000 visitors per day on average throughout the celebrations.

Original story by: GGRAsia

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