MACAU: SPENDING DOWN 70% IN 1Q20
Spending rates of Macau visitors declined by 70.4 per cent to MOP$5.01billion (US$628million) in the first quarter of the year.
Macau.- Spending rates of Macau visitors declined by 70.4 per cent to MOP$5.01billion (US$628million) in the first quarter of the year, according to figures from the Statistics and Census Service (DSEC).
Spending was severely impacted by the massive decline in visitation due to measures and restrictions in place to contain the spread of Coronavirus.
The figures do not include gaming spend, but still reveal an overall decline in economic activity resulting from the 68.9 per cent fall in visitor arrivals during the quarter to 3,219,170.
Total spend for overnight visitors reached MOP$3.78billion (US$473million) while same day visitors generated spend of MOP$1.23billion (US$154million) down 70.8 per cent and 69.3 per cent respectively.
According to DSEC, per capita spending fell by 4.8 per cent to MOP$1,555 (US$194) while visitors from mainland China spent an average of MOP$1,789 (US$224), down 3.2 per cent.