TRANSPORT, STORAGE SECTOR GREW 7.6PCT IN 2013

2014/11/19

From：Macau Business Daily

The transport and storage sector in Macau grew 7.6 percent last year, with the number of establishments increasing 10.5 percent and the contribution to the Macau economy rising some 14 percent.
Last year’s good performance helped the sector gain some weight in Macau’s economy, as it employed more people and posted more revenue. The performance was ‘attributable to an increase in visitor arrivals and vigorous growth in the outbound travel of Macao residents’, wrote the Statistics and Census Service (DSEC).
According to the DSEC report, the number of establishments in the transport and storage sector increased by 226 to 2,375, the largest increase since 2008. Its companies accumulated MOP17.5 billion in revenues last year, 7.6 percent more than a year before. Over the last five years, the sector has expanded 50 percent.
With Macau becoming a major tourist destination, it’s no surprise that the contribution to Macau’s economy from companies that offer land, air or sea travel is also on the rise. The report says that last year the gross value added to the economy from the sector was MOP4.7 billion, 14.1 percent more than in 2012. Since 2008, the contribution to the economy here more than doubled. Transport and storage investment reached MOP467 billion in 2013, a small amount but still a 38.9 percent increase.
Revenues from passenger transport companies increased 10% year-on-year to MOP 7.99 billion, of which air transport amassed MOP4.24 billion.

Copyright@Macau Business Daily