GGRAsia – Macao has nine hotels with 1,000 rooms or more: govt

Macau has nine hotels with 1,000 or more rooms: govt

Macau had nine resorts with 1,000 or more rooms each as of December 31; one more than the previous year, data from the city’s census and statistics department show. All were associated with hotel complexes.

The nine large-scale hotel facilities employed a total of nearly 26,800 people, the office added.

HKD 27 billion (US $ 3.4 billion) MGM Cotai, the second casino complex developed by Macau-based MGM China Holdings Ltd, opened to the public in February last year. . The resort, MGM China’s biggest investment in Macau to date, has 1,390 rooms and suites, according to company information.

Macau had about 38,000 hotel rooms at the end of 2018, data included in the Statistics and Census Service’s annual survey of hotels and similar establishments show. About two-thirds of Macau’s hotel room stock were located in five-star hotels.

A number of Macau casino operators have said they need more hotel rooms to meet current customer demand. While a conference call with investment analysts in August, Wynn Macau Ltd chief executive Matt Maddox said it was “clear” the company needed more rooms at the Wynn Palace casino on Cotai. He added at the time: “Our hotel is full. On weekends, we turn down customers we don’t want to turn away.

All casino operators in Macau have announced their intention to increase and / or reorganize the existing hall supply. The majority of the new offering will be located in Cotai, where the city’s six casino operators have all developed new large-scale casino complexes comprising hotels with hundreds – or thousands – of rooms each.

Source link

About Mohammed B. Hale

Check Also

Take a Korean Vacation in Japan with Tokyu Hotels and New Shibuya 109 Theme Hotel Plan

K-pop fans will love this budget staycation! Since traveling abroad is a bit tough these …

Leave a Reply

Your email address will not be published.