According to Maria Helena de Senna Fernandes, director of the Macao Government Tourism Office (MGTO), a minimum of 960,000 individuals are projected to visit Macau during the 8-day Lunar New Year celebration, with an average of 120,000 visitors per day. The holiday is set to take place from February 10 to February 17 of this year, and hotel occupancy is expected to reach almost 90%. Fernandes mentioned that based on previous experience, the peak number of visitors will occur on the 3rd and 4th days of the Chinese New Year.
The majority of rooms in major hotels have already been reserved for the specified period, with 5-star hotel rates ranging from HK$2,700 to HK$5,000, approximately US$345 to US$640 per night. A source from the hotel industry noted that hotel reservations for this Lunar New Year are more promising compared to the previous year, with almost all two-star and budget accommodations in the old districts being fully booked.
Fernandes also stated that hotel occupancy will reach 90% during the upcoming holiday. She mentioned that hotel prices will be slightly higher during the holidays, but there haven’t been any extremely high hotel room prices. In the previous year, during the Chinese New Year, there were 7 official holiday days in mainland China, and the overall number of visitors reached 451,000, with an average hotel occupancy of 85.7%. In 2019, the same holiday attracted 1,213,487 visitors to Macau, with an average hotel occupancy of 96.7%.
Overall, the hotel industry is expected to keep an eye on the fluctuation of hotel room rates and is anticipating a significant increase in occupancy rates during the upcoming holiday.