Macau Hotel Prices Slide While Tourism Remains Strong
Macau hotels recorded a decline in average room prices in December even as the city enjoyed significant tourism activity and strong guest volumes across multiple accommodation tiers. Data released for the month showed notable pricing adjustments at both premium and mid-range properties, reflecting a trend that also extended across the full calendar year. Recent figures indicated that the market-wide hotel rate fell 4.7 percent in December, with five-star venues reporting the most pronounced downward adjustment within the major categories. Three-star and four-star […] The post Macau Hotel Prices Slide While Tourism Remains Strong appeared first on World Casino News.
Macau hotels recorded a decline in average room prices in December even as the city enjoyed significant tourism activity and strong guest volumes across multiple accommodation tiers. Data released for the month showed notable pricing adjustments at both premium and mid-range properties, reflecting a trend that also extended across the full calendar year. Recent figures indicated that the market-wide hotel rate fell 4.7 percent in December, with five-star venues reporting the most pronounced downward adjustment within the major categories. Three-star and four-star […]
The post Macau Hotel Prices Slide While Tourism Remains Strong appeared first on World Casino News.
