Macau’s visitation grew 20% in the quarter, but revenue per visitor was only up 7%, Morgan Stanley said in an October note.

While tourism boomed, there are signs that spending per person slowed as China’s ailing economy weakens consumer sentiment.

Macau has been wooing tourists with a busy slate of events, including concerts by popular Hong Kong singers and a poolside dance party with former NBA star Shaquille O’Neal.About 78% of the travelers were from mainland China, the data show. Visitor arrivals during the break reached more than 932,000, taking the daily average to about 84% of the same period in 2019, according to official data.Chinese tourists flocked to Macau during the eight-day holiday early last month, contributing to the rebound in gaming revenue following a slowdown in September.That’s more than the median analyst estimate of a 392% year-on-year increase. Gross gaming revenue grew 400% to 19.5 billion patacas ($2.4 billion), according to data released by the Gaming Inspection and Coordination Bureau on Wednesday. (Bloomberg) - Macau’s casino revenue jumped in October, returning to 74% of its pre-Covid levels, after the world’s largest gambling hub saw a surge in tourists during China’s Golden Week holiday.

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