Entries Categorized as 'Cotai Strip Hotels'
May 4, 2008
Macau is fast overtaking its rival Hong Kong as the fastest-growing area for residential hotel and retail property prices.
One of the largest projects is the US$2.1 billion City of Dreams being built by Leighton Asia, China State and John Holland, on behalf of the Melco PBL development company - owned by Lawrence Ho’s Melco gambling company and James Packer’s Crown group.
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Posted in City of Dreams, Crown Macau, Four Seasons Macau, Grand Lisboa, Marriott Cotai, Sofitel Ponte 16, Venetian Macao 
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April 5, 2008
Macao registered a record high of 26,992,995 visitor arrivals in 2007, up by 23% over 2006; visitors from Mainland China and Hong Kong accounted for 55% and 30% of the total respectively. Mainland visitors travelled to Macao under the Individual Visit Scheme totalled 7,165,203, up by 24%. Visitor arrivals in package tours rose notably by 45% to 4,233,714.
In 2007, the number of Macao residents travelled in package tours dropped by 22% over 2006 to 212,107 and those travelled under individual arrangements using services provided by travel agencies increased by 4% to 386,927.
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Posted in Cotai Strip Hotels, Hotel Macau, Macau Business, Macau Casino, Macau Gaming, Macau General, Macau Tourism, Travel No Comments »
April 1, 2008
March 28, 2008
Colliers International Macau has just released this interesting and bullish report about the Macau Property Market.
The latest report shows the openings of the Venetian Macau, MGM Grand Macau, Grand Lisboa and Crown Macau last year strengthened the island’s position as a world-class tourist destination.
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Posted in City of Dreams, Construction, Cotai Strip, Design & Construction, Four Seasons Macau, Macau News, Macau Property, Macau Real Estate, Venetian Macao No Comments »
March 13, 2008
Comments made by the president of the Ritz-Carlton Hotel Company about the difficulties the group foresees in Macau is a result of the rising competition, said the co-chief executive officer of the Macao Studio City development.
Next year Ritz-Carlton is scheduled to open a hotel at the Macao Studio City property, on the southern end of the Cotai Strip. Earlier in the week, the group’s president, Simon Cooper was reported by the China Daily as saying he expects recruiting and holding on to talented employees to be the company’s biggest concern in Macau.
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Posted in Cotai Strip, Cotai Strip Hotels, Hotel Macau, Marriott Cotai, Ritz-Carlton, Tang Cotai, W Hotel Cotai No Comments »
March 12, 2008
At the end of January 2008, the total number of guest rooms available in the Macau hotel sector increased by 3,204 (+24.8%) from a year earlier to 16,126 rooms.
In January 2008, a total of 562,547 guests checked into hotels and similar establishments, representing a year-on-year growth of 30.9%. The majority of the guests came from Mainland China (47.4%) and Hong Kong (21.6%). The average hotel occupancy rate went up by 1.0 percentage point to 72.7%, with 4-star hotels leading at 78.1%; in addition, the average length of stay of hotel guests extended by 0.2 night to 1.4 nights.
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Posted in Cotai Strip Hotels, Hotel Macau, Macau News, Macau Tourism No Comments »
March 3, 2008
Currently in Macau there a total of 23 hotel projects under construction and another 23 waiting for approval around the city. Statistical data indicates that the 23 hotels under construction are expected to provide about 24,000 guestrooms. Of these there are seven medium-sized hotel projects with the number of rooms ranging from 100 to 600, six large hotel projects with rooms ranging from 600 to 2000, and one super project with approximately 10,000 guestrooms. Most of the large hotel projects such as the Four Seasons Hotel at TYhe Cotai Strip, focus on the Cotai Strip area.
For the 23 projects waiting for approval, not including eight for which there is no detailed data, the remaining projects will provide a total of about 14,000 guestrooms which includes 12 hotel projects with 300 to 600 guestrooms, and two grand hotels with 3,000 to 4,000 rooms.
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Posted in Construction, Cotai Strip, Cotai Strip Hotels, Development, Four Seasons Macau, Hotel Macau, Macau Property No Comments »
February 13, 2008
Considering the fact the Venetian Macao Hotel rooms were fully booked during the Chinese Lunar New Year during which the average daily room rate was US$360 compared to the US$222 average for last year, it was no surprise to hear Bill Weidner, president and chief operating officer of Las Vegas Sands boasting “So much for the conventional wisdom that Asians will not pay top dollar for rooms under demand conditions,” .
This was followed by the news that at the end of December 2007, the total number of guest rooms available in the hotel sector increased by 3,170 (+24.4%) from a year ago to 16,148 rooms.
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Posted in Cotai Strip, Cotai Strip Hotels, Hotel Macau, Macau Tourism, Venetian Macao No Comments »
