by winston » Fri Dec 23, 2016 7:33 am
Macau braces for post-holiday crunch
Despite a rebound in gaming revenues, new Macau hotels including The Parisian Macao, Wynn Palace and Studio City have cut room rates to attract customers early next year after the holiday season. The price is at a modest HK$822 for one night.
Wynn Palace is giving out its four- month celebration special rate for HK$822 yesterday, and at the same time a three-day sale of a 30 percent off from the standard rate. The offer will be available for any stays between January 2 and June 30 next year.
Studio City, which commenced last year, rolled out earlier the "double 12 spectacular hotel offers". For any bookings before December 26 for stays between January 3 and June 30, the room rate is as low as HK$828 with a HK$100 stay and play voucher and a 200 macau pataca entertainment voucher.
The Parisian Macao, which opened in September this year, gave out its package offer. For any booking and stay before February 28 in king deluxe room, one-way ferry tickets from Macau to Hong Kong or tickets of travel attractions will be given.
The special offers are believed to boost up revenues from room booking in the first half next year, as promotions earlier this month have resulted in rooms being fully occupied for the Christmas holidays.
Rooms of 10 Macau hotels from December 24 to 26 are almost fully occupied. Among, all rooms of Wynn Palace, Four Seasons Hotel Macao and Banyan Tree Macao are fully occupied, while the rest only left for rooms with rates over HK$3,000.
Room rate for Christmas holidays doubled from the rate for normal weekends. The cheapest rate was offered by The Parisian Macao, which was HK$2698 before tax.
While most of the rates are between HK$2,000 and HK$4,000 before tax, rates of Galaxy Macau were higher, reaching as much as HK$4,900 per night.
The surging room booking this year was due to the promotions rolled out by hotels earlier, said Alfred Lau, an analyst at Bocom International, to local media.
He said room rate and non-gaming factors only contributed 10-15 percent of revenues, but high occupancy rate usually resulted in a higher revenue from gaming. Thus he expected an increasing revenue of gaming industry in December and January.
Source: The Standardd
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