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While declines in inbound tourism in mainland China abated, mainland Chinese outbound tourism to Hong Kong and Macau slowed. 赴中国大陆入境游降幅收窄，同时中国大陆的港澳出境游增幅减速。
The first overview of key hotel operators in Asia-Pacific. The excerpt provides information on 63 hotel operators with more than 1 million existing or pipeline rooms in 27 countries. The +450-page full version with brand details is available for purchase here.
Markets are adjusting to the new normal – long-haul demand in short supply
市场正在适应新的变化–长期的供不应求
China visitor arrivals continued to fall, while greater China recovered – 中国大陆游客接待量继续下滑，大中华区逐渐恢复。
Discussed in this update:
• Tourism trends for Hong Kong, Macau, PR China and Taiwan
• Individual Hotel Market Performances
Article: Basel III – The Long Road of Deleveraging
Forecasting gaming revenue for the Macau SAR over the next five to seven years will be particularly challenging primarily due to the current extraordinarily high win per unit per day (WPUPD) and the unprecedented anticipated growth in supply.