Macau saw a total of 139,807 visitors enter the city on the first day of the eight-day October Golden Week holiday on Wednesday, up 1.8% compared with the corresponding day in 2024. This was 0.4% lower than the daily average achieved during Golden Week last year.
According to provisional figures from the Public Security Police Force, arrivals included 117,650 from mainland China, up 1.6% year-on-year, as well as 14,596 from Hong Kong, down by 0.3%.
The border gate was the primary entry point for visitors with 63,546, followed by Hengqin Port with 28,047 and the Hong Kong-Zhuhai-Macau Bridge Checkpoint with 20,796.
Industry analysts have been bullish on Macau’s prospects for Golden Week, with investment bank JP Morgan stating earlier this week that they expect daily GGR for the first five days of October to exceed MOP$1.1 billion (US$137 million) and potentially match pre-COVID Golden Week levels of MOP$1.16 billion (US$145 million).
“Tail-end demand should be longer and stronger this year, likely driving MOP$750 million to MOP$760 million (US$93.5 million to US$94.7 million) per day in the second week, up mid-to-high-teens vs MOP$643 million (US$80.2 million) last year,” JP Morgan analysts wrote.
“Overall, we expect the first two weeks’ GGR to rise around 10% year-on-year to MOP$930 million (US$115.9 million) per day, leading full-month GGR to grow by 11% to 13% year-on-year to over MOP$23 billion (US$2.87 billion), the highest in six years.”
