March visitor arrivals in Macau fell 13.5 percent, including a 17% decline in arrivals from mainland China. Macau increasingly relies on mainland China tourists, but the March numbers plus 11 straight months of falling casino revenue highlight the perils of that choice.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.
Tags: China outbound travel, Chinese tourists, Forbes.com, Hong Kong On Air, Macau, Macau casino revenue, Macau casinos, Macau marketing, Macau visitors, Muhammad Cohen
May 14, 2015 at 5:01 pm |
Everyone seems to have forgotton about the Sands DoJ investigation…surely that must be coming to a close soon…and what fines will be levied there??
January 12, 2016 at 5:07 pm |
Please send any questions or comments to my Forbes.com blog. I’ll be happy to respond there.