SJMHY - Macau traffic light during Chinese New Year holiday period

The top tourism exec in Macau thinks the gambling region could welcome 6M to 10M visitors in 2021 in just a partial recovery from the 39.4M tourists tallied in 2019 and 35.8M visitors in 2018.During the crucial Chinese New Year period that runs until February 17, Mainland China is the only location to have a largely quarantine-free travel bubble with Macau.Arrivals to Macau so far for the holiday are estimated at 16K to 20K per day vs. the +200K level before the pandemic. Macau’s mainstream hotels and guest houses might see an average occupancy rate of close to 30%, while three-star to five-star hotels might rise above 30%, reports GGR.Macau casino stocks: Wynn Macau (WYNMY), Wynn Resorts (WYNN), Sands China (SCHYF), Las Vegas Sands (LVS), MGM China (MCHVY). MGM Resorts (MGM), Galaxy Entertainment (GXYEF), SJM Holdings (SJMHY), Melco Resorts & Entertainment (MLCO), Studio City International (MSC).Compare all casino stocks.

For further details see:

Macau traffic light during Chinese New Year holiday period