US EditionMacau hotel rates drop by 14% for May Day compared to Chinese New Year
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Macau hotel rates drop by 14% for May Day compared to Chinese New Year
Morgan Stanley reports Macau hotel prices will fall 14% for May Day, yet tourism officials predict strong arrivals after a successful Easter. The post Macau hotel rates drop by 14% for May Day compared to Chinese New Year first appeared on Asia Gaming News | AGB - Asia Gaming Brief.
Morgan Stanley: Macau hotel rates look to have softened for upcoming May Golden Week
The average daily rates (ADRs) of Macau’s high-end hotel rooms during the upcoming May Golden Week holiday are tracking 14% lower than January’s Chinese New Year and 2% lower than a year ago, suggesting a weaker holiday period ahead, according to investment bank Morgan Stanley. The comparison relates to 28 hotels located within the city’s integrated resorts. Morgan Stanley analysts Praveen Choudhary and Dan Chee said the early signs suggest May’…
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