Lower room rates fail to fill five-star hotels

2015/10/12

From:Macau Business

The average occupancy rate of Macau’s five-star hotels decreased to 88.69 per cent during the National Day golden week of holidays in the mainland this month, 3.31 percentage points less than in the corresponding period last year, the Macau Government Tourist Office says.

The office’s data indicate that the occupancy rate decreased in spite of the average room rate in five-star hotels falling by 19.14 per cent to MOP1,958 (about US$244.75).

The average room rates in all classes of hotel fell, but the average occupancy rate rose only in four-star hotels, by 0.49 percentage point to 84.43 per cent.

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