The Macau Metro Monitor, July 27th, 2010
TOURISM SECTOR PERFORMANCE FOR JUNE 2010 STB
Visitor arrivals to Singapore registered 26.7% growth to reach 950,000 in June 2010, the highest ever for June. This is the seventh consecutive month of record visitor arrivals. It is only eclipsed by 972,000 in Dec 2009. China (+65.8%), Malaysia (+51.3%), and Hong Kong (+48.2%) registered the highest growth out of the top 15 markets.
RevPAR increased by 42.6% YoY to reach S$192 in June 2010. Average Occupancy Rate posted a 12.3% YoY to reach 88% in June 2010. Average Room Rate increased by 22.7% YoY to reach an estimate of S$219 in June 2010.
SANDS CHINA LTD. ANNOUNCES APPOINTMENT OF TWO SENIOR EXECUTIVES Sands China
Effective 8/10/2010, Edward M. Tracy is appointed as President and Chief Operating Officer, and David R. Sisk will assume the title as Executive Vice President and Chief Casino Officer. Tracy and Sisk will oversee and manage all non-gaming operations and gaming operations respectively for all Sands China Ltd's existing properties and future developments in Macau.
Tracy's experience includes serving as Chairman and CEO of Capital Gaming, a multi-jurisdictional manager of Native American and Riverboat Casinos, and as CEO of the Trump Organization. Sisk formerly was the CFO and Executive Vice President of Wynn Las Vegas and Encore.
EMPLOYMENT SURVEY FOR APRIL-JUNE 2010 DSEC
The unemployment rate for April-June 2010 was 2.8% down by 0.1% over the previous period (March-May 2010). Total labor force was 326,000 in April-June 2010 and the labor force participation rate stood at 71.6%, with the employed population increasing by about 1,000 over the previous period to 317,000.
Number of the unemployed decreased by about 300 from the previous period to 9,300.