• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

The Macau Metro Monitor, June 12, 2012

HOTEL OCCUPANCY RATE EXPECTED AT 80% DURING SUMMER HOLIDAYS Macau Daily News

Hotel industry says occupancy rate in May dropped and average occupancy rate for three-star hotels stood between 40-60%, while some recorded an occupancy rate of 70-80%, a decline from last year.  The hotel industry is pessimistic about occupancies during the summer holidays due to an increase in hotel rooms at Sands Cotai Central.  In spite of this, most expect hotel occupancy of Macau hotels can maintain 80%.  The President of the Macao Hoteliers and Innkeepers Association said the global economic downturn and the decline in stock prices have affected tourism. He expects the occupancy rate in June may return to the level between February and April.

10,400 MORE HOTEL ROOMS IN 4 YEARS Strait Times

Singapore may open 10,422 more rooms by 2016.  But the potential 26% increase in rooms will still lag behind the number of tourists Singapore aims to bring to its shores.  The gap has led travel agents and analysts to foresee higher room rates, with average rates predicted to go up by 10% from last year to $270 a night this year.  This, despite 1,572 new rooms expected in 2012, adding nearly 4% to total capacity of 49,719.