Visitor spending rebounds in first half of 2024

AService (DSEC) published yesterday, total spending by visitors rose 15.8% in the first half of 2024 compared to the same period in 2019. The increase comes as the city continues its recovery from the Covid-19 pandemic.

Total visitor spending, excluding gaming expenses, reached MOP37.79 billion in the first six months of the year, up 16.4% from the same period in 2023. Overnight visitors spent MOP30.45 billion, a 13.1% increase year-over-year, while same-day visitors spent MOP7.33 billion, up 32.4%.

Per-capita spending fell 18.9% to MOP2,260, due to a high base of comparison in early 2023 when pent-up demand was released. Spending on shopping accounted for 47.1% of the total, followed by accommodation (24.6%) and food & beverages (20.5%).

Visitors from mainland China, Hong Kong and Taiwan saw per-capita spending declines of 25.5%, 8.7% and 9.1% respectively. But, compared to 2019, spending by these visitors grew 44.4%, 17.5%, and 53%. Visitors from Singapore, South Korea, Thailand, Japan and Malaysia all recorded 20-100% increases in per-capita spending as compared to 2019.

In the second quarter (Q2), total visitor spending edged down 0.2% year-over-year to MOP17.44 billion, while per-capita spending fell 14.8% to MOP2,223. However, both metrics were up over 11% compared to Q2 2019. NS

Visitor spending rebounds in first half of 2024

Visitor spending rebounds in first half of 2024

Visitor spending rebounds in first half of 2024

Visitor spending rebounds in first half of 2024

Visitor spending rebounds in first half of 2024