Macau bustling during Lunar New Year period


The Macau Government Tourist Office reports the level of Lunar New Year tourists rose 13% to 770K people to push occupancy rates in the region's hotels to over 94%.

In a trend that bodes well for the VIP casino segment, occupancy rates at 5-star hotels topped 97%.

Overall, room prices were about 17.5% this year.

Macau related stocks: MPEL, MGM, WYNN, LVS, GXYEF, SJMHF.

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Comments (4)
  • Trader's Profit Compass
    , contributor
    Comments (2071) | Send Message
     
    Funny.....last Week it was all about Macau's "slowing growth and sub-par January gaming revenues"......this week...macau is bustling................. just noise.......long all things MACAU
    10 Feb 2014, 01:32 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6909) | Send Message
     
    Eventually, I wouldn't be surprised if (MPEL) challenges (MGM), (LVS), and (WYNN) as the largest casino in the world.
    10 Feb 2014, 02:50 PM Reply Like
  • Coltgunsil
    , contributor
    Comments (87) | Send Message
     
    So, who's right? The talking heads on CNBC endlessly speculating about a "Chinese slowdown, or the actual Chinese consumers who continue to show up in Macau in increasingly greater numbers?

     

    Bet on the Betters.
    10 Feb 2014, 03:33 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6909) | Send Message
     
    Neither Chinese government data or CNBC are trustworthy. The most reliable source is company data and satellite data.
    10 Feb 2014, 03:52 PM Reply Like
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