{"id":9168,"date":"2024-10-10T14:47:29","date_gmt":"2024-10-10T14:47:29","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=9168"},"modified":"2024-10-10T14:47:30","modified_gmt":"2024-10-10T14:47:30","slug":"golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent-to-us28-4-billion-mop227-7-billion-and-us29-6-billion-respectively","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent-to-us28-4-billion-mop227-7-billion-and-us29-6-billion-respectively\/","title":{"rendered":"Golden week GGR forecast for 2024 and 2025 downward by 2 per cent to US$28.4 billion (MOP227.7 billion) and US$29.6 billion respectively."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Macau hotel room rates are expected to average US$499 (MOP4,001) per night this Golden Week, with 80 per cent of hotels are fully booked, as per investment group CLSA. In a recent report, analysts Jeffrey Kiang and Leo Pan noted that upcoming bookings for the October Golden Week appear robust.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c80% of hotels we track are fully booked, while 80% of remaining available hotels raised room prices this week,\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/asia\/more-than-310000-visitors-arrive-in-hong-kong-to-eat-shop-and-play-this-labour-day-golden-week-holiday\" target=\"_blank\" rel=\"noreferrer noopener\"><u>More than 310,000 visitors arrive in Hong Kong to eat, shop and play this Labour Day \u2018golden week\u2019 holiday.<\/u><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Galaxy and MGM China properties appear to be the most popular, with six out of eight of the former and both MGM properties \u201cfully booked every week\u201d through the second quarter of next year. \u201cLooking slightly further to October\u2019s Golden Week (GW), our proprietary data suggest hotel booking has not trended down \u2013 28 out of 34 hotels we track are fully booked on the weekend of 5th October,\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/asia\/274-million-chinese-spent-21-4-billion-this-golden-week-holiday-macao-reaps-profits\" target=\"_blank\" rel=\"noreferrer noopener\"><u>274 Million Chinese Spent $21.4 Billion this Golden week Holiday, Macao Reaps Profits<\/u><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite a widely reported industry crackdown on money changers that surfaced early this summer, August saw a month-over-month growth of six per cent in gross gaming revenue (GGR) to MOP19.8 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The analysts believe that the crackdown should have \u201cstabilised\u201d, citing Galaxy\u2019s management\u2019s second-quarter commentary that \u201cbusiness momentum has been intact in 3Q24 thus far\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau hotel room rates are expected to average US$499 (MOP4,001) per night this Golden Week, with 80 per cent of hotels are fully booked, as per investment group CLSA. In a recent report, analysts Jeffrey Kiang and Leo Pan noted that upcoming bookings for the October Golden Week appear robust. \u201c80% of hotels we track [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9169,"menu_order":166,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-9168","asia","type-asia","status-publish","format-standard","has-post-thumbnail","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Golden week GGR forecast for 2024 and 2025 downward by 2 per cent to US$28.4 billion (MOP227.7 billion) and US$29.6 billion respectively. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent-to-us28-4-billion-mop227-7-billion-and-us29-6-billion-respectively\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Golden week GGR forecast for 2024 and 2025 downward by 2 per cent to US$28.4 billion (MOP227.7 billion) and US$29.6 billion respectively. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Macau hotel room rates are expected to average US$499 (MOP4,001) per night this Golden Week, with 80 per cent of hotels are fully booked, as per investment group CLSA. In a recent report, analysts Jeffrey Kiang and Leo Pan noted that upcoming bookings for the October Golden Week appear robust. \u201c80% of hotels we track [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/asia\/golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent-to-us28-4-billion-mop227-7-billion-and-us29-6-billion-respectively\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-10T14:47:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"987\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent-to-us28-4-billion-mop227-7-billion-and-us29-6-billion-respectively\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/golden-week-ggr-forecast-for-2024-and-2025-downward-by-2-per-cent-to-us28-4-billion-mop227-7-billion-and-us29-6-billion-respectively\/\",\"name\":\"Golden week GGR forecast for 2024 and 2025 downward by 2 per cent to US$28.4 billion (MOP227.7 billion) and US$29.6 billion respectively. - 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