Investment bank CLSA’s Chinese Tourists 2016 report says just 8% of Macau visitors plan to return, highlighting the gaming capital’s shortcomings as a tourist destination for China’s burgeoning traveling class.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air
Investment bank CLSA’s Chinese Tourists 2016 report says just 8% of Macau visitors plan to return, highlighting the gaming capital’s shortcomings as a tourist destination for China’s burgeoning traveling class.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air
In January, Macau’s gaming revenue fell for the 20th straight month compared to a year earlier. But Chinese New Year and aberrantly low February 2015 revenue could mean that Macau revenue ends its losing streak this month. But one uptick doesn’t make a recovery.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air
The global gaming capital’s newest casino resort, Lawrence Ho’s Studio City aims to refocus Macau on the mass market with entertainment attractions and no VIP tables. So far, though, there’s limited evidence that Macau can attract visitors for amusements beyond gaming.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Investment bank Sanford Bernstein says the mass market is Macau’s future but VIP revenue has collapsed before the global casino capital is ready for the switch.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
