
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.