Hotel room rates drop for Lunar New Year holidays

2015/3/2

From:Macau Business

The average room rate in Macau’s three-star, four-star and five-star hotels was MOP2,019 (US$252.75) during the Lunar New Year holidays this year, 15.4 per cent less than in the equivalent period last year, the Macau Government Tourist Office says, citing data from hoteliers.

The average occupancy rate of such hotels fell by 6.9 percentage points to 87.5 per cent.

The average occupancy rate of two-star hotels fell by 13.4 percentage points to 73.9 per cent and the average occupancy rate of guesthouses fell by 8.6 percentage points to 74 per cent.

The average room rates of two-star hotels and guesthouses also fell.

Copyright@Macau Business