Gold magazine | Macau casino stocks are on the rise, with MGM China (02282) up 3.94%, Wynn Macau (01128) up 3.7%, Melco Int'l Dev (00200) up 3.69%, Sands China (01928) up 3.18%, Galaxy Ent (00027) up 2.47%, SJM Holdings (00880) up 2%.
On the news side, the President and Executive Director of MGM China, Grant Bowie, stated that the current hotel room bookings in Macau are ideal, with an expected occupancy rate of 95% to 100% during the National Day Golden Week in mainland China. He mentioned that during the holiday, there are over 0.1 million daily visitors to Macau, but the overall number of hotel rooms in Macau is not large, with around 0.04 million to 0.05 million rooms available, while the 6 integrated travel & leisure companies account for over 0.031 million. It is expected that during the major festivals, hotels of all star ratings in Macau will achieve positive income.
President of the Macau Hotel Association and Chairman of the Macau Chapter of the Asia-Pacific Tourism Association, Linda Chen, stated that Macau has seen a single-day influx of over 0.12 million visitors this month, and the industry is anticipating a new high in the number of inbound tourists during the National Day Golden Week, driving prosperous development in Macau's hotel and tourism industry. Linda Chen also mentioned that the industry is fully prepared to welcome the Golden Week tourists, actively cooperating with the Macau government, continuously enhancing service quality and management standards.