The Macau Metro Monitor, September 14, 2012




Chan Chi Kit, President of the Macau Hoteliers & Innkeepers Association, said the traditional low season of September this year coincides with the launch of over 1,800 rooms and suites by Sheraton in Sands Cotai Central with promotional prices very close to those of the 3 or 4 star hotels.  According to some operators, this could trigger a price war between hotels as visitor numbers fall and no major new attractions are launched during this low ebb to draw extra tourists.  Chan pointed out that in the first ten days of September, some hotels recorded occupancy rates as low as 50 –70%, and individual establishments even saw record 20 – 50% lows.  While a price war is possible in September, the hotel industry leader hoped the Golden Week holiday starting October 1 would bring some relief to the hospitality industry by bringing more mainland visitors, as it always has done in past years. 



Visitor arrivals in package tours increased by 19.5% YoY to 825,464 in July 2012.  Visitors from Mainland China (606,120) went up by 20.4%, with 256,537 coming from Guangdong Province; besides, those from Taiwan (75,261); Hong Kong (35,395) and Japan (24,717) increased by 54.2%, 14.4% and 66.1% respectively.  On the contrary, visitors from the Republic of Korea (25,491) decreased by 17.9%.  In the first seven months of 2012, visitors in package tours totaled 4,908,359, up by 24.8% YoY to account for 30.6% of the total visitor arrivals.  The average length of stay decreased by 0.18 night to 1.2 nights.


Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more

6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

read more

Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

read more

Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

read more

A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

read more

Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

read more

Europe's Battles Against Apple, Google, Innovation & Jobs

"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”

read more

An Open Letter to Pandora Management...

"Please stop leaking information to the press," writes Hedgeye Internet & Media analyst Hesham Shaaban. "You are getting in your own way, and blowing up your shareholders in the process."

read more

A 'Toxic Cocktail' Brewing for A Best Idea Short

The first quarter earnings pre-announcement today is not the end of the story for Mednax (MD). Rising labor costs and slowing volume is a toxic cocktail...

read more

Energy Stocks: Time to Buy? Here's What You Need to Know

If you're heavily-invested in Energy stocks it's been a heck of a year. Energy is the worst-performing sector in the S&P 500 year-to-date and value investors are now hunting for bargains in the oil patch. Before you buy, here's what you need to know.

read more