None of the new resorts (Galaxy with BYT, Okura and Galaxy; Sands China Site 5 and 6: Conrad, Sheraton and Holiday Inn Cotai Central) is included in the data as yet.
Note that a large share of their inventory is contracted out through the casino operation. Only a relatively small share of casino hotel inventory is sold directly to the public.
As a result, the new supply has been absorbed into the market without significant impact.
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Summary
Hong Kong visitor arrivals were driven by mainland Chinese visitors, while greater China faces a headwind.
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Does the Macau figures include the new casino hotel developments on Cotai?
None of the new resorts (Galaxy with BYT, Okura and Galaxy; Sands China Site 5 and 6: Conrad, Sheraton and Holiday Inn Cotai Central) is included in the data as yet. Note that a large share of their inventory is contracted out through the casino operation. Only a relatively small share of casino hotel inventory is sold directly to the public. As a result, the new supply has been absorbed into the market without significant impact.