The Macau Metro Monitor, October 10, 2011
VISITORS UP ON NATIONAL DAY HOLIDAY Macau Business
More than 775,000 visitors passed through Macau during Golden Week, an increase of 13.3% YoY. Among the total arrivals, about 580,000 were from mainland China, a surge of 22.3%. The daily average number of occupied rooms was 18,730, an increase of 8.67% YoY. The average occupancy rate of three-to-five-star hotels during Golden Week reached 88.46%, a slight decrease of 1.54% points YoY. ADR of three-to-five-star hotels in Macau saw a 23.7% YoY rise to MOP 1,760 (US$220).
JULY SINGAPORE VISITOR ARRIVALS STB
Singapore visitor count reached 1.27MM people in July 2011, an increase of 16.2% YoY. Mainland Chinese visitors hit 184k, rising 56% YoY.
CHINA HOUSING PRICES INCH LOWER WSJ
According to China Real Estate Index System, September housing prices in 100 major cities in China were down 0.03% MoM, after a largely flat MoM reading in August. The data provider said a survey of property developers and real-estate agencies showed that the average home price in September was a touch lower at 8,877 yuan ($1,392) per square meter from 8,880 yuan in August and but slightly higher than July's 8,874 yuan.
COTAIJET TO INCREASE FARES Macau Business
The Macau government has approved CotaiJet’s request to increase its fares. Starting Wednesday, CotaiJet will increase normal seat fare prices by MOP17 (US$2.1) to MOP180. In first class, prices will go down by MOP7 to MOP390. Macau residents will be able to enjoy an MOP11 to MOP15 discount. CotaiJet requested the fare increase due to rising fuel prices and overall inflation.