|Macau: Hoteliers play a strong hand.|
Friday, 7th February 2014
Source : External source
Macau’s hotel room rates are higher than Hong Kong’s or Taiwan’s, and its occupancy rates are rising.
The increase in cross-border tourism by mainlanders is boosting hotel revenue in Macau more than in Hong Kong or Taiwan, leisure industry consulting company HVS says.
The latest quarterly report by HVS in Hong Kong on the Greater Chinese market compares the revenue and occupancy rates of hotels in Macau, Hong Kong, Taipei, Kaoshiung and Taichung.
The report says Macau hotels make more money from their rooms than Hong Kong or Taiwan hotels. It says Macau was among the few Chinese cities where hotel revenue grew in the third quarter of last year.
HVS data show the average room rate here rose to 1,440 patacas (US$180) a night in the third quarter from 1,376 patacas a year earlier.
The room rate here was 2.93 percent higher than the average rate in Hong Kong at current exchange rates, the rate there having been HK$1,359.
The average room rate in Taipei was NT$4,061 (1,069 patacas), the highest in Taiwan.