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Morgan Stanley has forecast gross gaming revenue (GGR) for Macau’s upcoming May Day Golden Week could reach between MOP800 to 850 million per day, translating to a 73% to 77% recovery compared to the same period in 2019, according to a research note.
organ
A survey of 28 Macau hotels found average daily rates and occupancy will likely be weaker for most properties during May’s Golden Week, as opposed to figures reported for Chinese New Year and May 2019. MGM China appeared to perform better than its peers, while Sands China hotels seemed to face a bigger decline, partly due to renovations.
