The Special Administrative Region welcomed a record 35.8 million tourists, as the region continues its pivot to the mass market over the high roller. The recent opening of the Hong Kong to Macau bridge that drastically cuts down automobile travel time between the two enclaves is only predicted to further grow visitor arrivals in the years ahead.<\/p>\n
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It certainly did during this month’s Spring Festival. Visitor arrivals were up 27 percent, with more than 1.2 million people traveling to the enclave. The Macau Government Tourism Office said 75 percent of the traffic originated from the mainland, but Hong Kong was second with 231,000 travelers \u2013 a 35 percent year-over-year increase.<\/p>\n<\/div>\n
Despite the potential hurdles Macau will need to overcome this year, gaming analysts still believe the world’s richest gambling hub will post positive GGR growth in 2019. JPMorgan analysts DS Kim and Sean Zhuang predict GGR will experience single-digit gains this year.<\/p>\n","protected":false},"excerpt":{"rendered":"
China has lowered its economic growth target for 2019 to 6-6.5 percent, which would be the country’s lowest expansion in 29 years. As a result, Macau casinos are bracing for a slowdown. The People’s Republic of China reported last month that 2018 GDP growth was 6.6 percent. That marked the country’s smallest growth in 28 […]<\/p>\n","protected":false},"author":25,"featured_media":98260,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\n
China Lowers Economic Growth Target, Macau Prepares for Slowdown<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n