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Post by Blitz on Nov 18, 2024 8:36:21 GMT -5
So, if you can get into HKong certificate free, you can into Macau too. That would imply multiple visits to Macau's casinos will be easier. Beijing enhances travel between SARs with ‘certificate free’ clearance - Monday, November 18, 2024 - 12 hours ago No Comments 1,604 Views macaudailytimes.com.mo/beijing-enhances-travel-between-sars-with-certificate-free-clearance.htmlChina has implemented a new “certificate free” clearance system to streamline travel for residents between the mainland and Macau and Hong Kong. The National Immigration Administration announced recently that this initiative will be available at Shenzhen Bay Port and Gongbei Port. Starting Wednesday, residents from the mainland aged 14 and older who possess a valid travel document for Hong Kong or Macau and a multiple-entry endorsement can pass through these ports without presenting additional paperwork. Instead, travelers will undergo fingerprint and facial recognition checks for clearance. This new measure also applies to Hong Kong and Macau residents aged 14 and above with valid mainland travel permits, including non-Chinese residents. The administration emphasized that these changes aim to further facilitate travel, although they do not apply to mainland residents who hold permits for public affairs. LV |
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Post by Blitz on Nov 22, 2024 10:21:20 GMT -5
Macau to benefit from normalized China consumer, travel sentiment in 2025, says Jefferies by Ben Blaschke Fri 22 Nov 2024 at 04:39 asgam.com/2024/11/22/macau-to-benefit-from-normalized-china-consumer-travel-sentiment-in-2025-says-jefferies/Macau’s 2025 growth trajectory will be aided by stabilizing China consumer sentiment and normalized competition from regional travel destinations in 2025, according to investment bank Jefferies. In an investors’ note issued Thursday, Jefferies analysts led by Anne Ling forecast Macau GGR to grow by around 8% year-on-year to MOP$245 billion in 2025, with mass GGR up 10% and VIP by 3% compared with 2024 levels. Visitor arrivals should grow by around 5%, with visitation from mainland China accelerating faster than those from Hong Kong. This forecast, Jefferies said, is based on no further deterioration of consumer sentiment, with Chinese government policy to stimulate the China economy by the end of 2024, and competition from other travel destinations to normalize. “With 70% of its annual visitors from mainland China, the state of economic environment is most important,” the analysts wrote, noting that property prices and employment rates will be key in consumers’ willingness to spend. “According to [the International Monetary Fund], the market expects real GDP growth of 4.5% [in 2025] and CPI growth of 0.7%. “Due to weaker than expected macro trend, investors in general felt that there were downside risk with limited visibility until end of September. With stimulus policies announced in late September 2024 to support the economy, we expect no further deterioration on consumer sentiment.” On travel sentiment, Jefferies said, “2024 has been a tough year in attracting tourists to Macau, with visa approvals in other destinations relaxing and air fares normalizing. “That said, visitor arrivals growth was a respectable 30% year-on-year for 9M24, recovering to 86% of 2019’s level. This compared to 70% recovery rate vs 2018 of Hong Kong’s visitor arrivals during 9M24. “We expect 5% visitor growth in 2025 and mainlanders to account for 71% of the total tourist arrivals in 2025. From 2025 onward, we believe the base effect to normalize. In addition, both gaming and non-gaming infrastructure should continue to attract players and visitors.” Jefferies has named Sands China and Galaxy Entertainment Group as its top picks for the Macau gaming sector in 2025, with their larger hotel room supply to provide greater exposure to the ongoing recovery of base mass consumers. Sands, it said, will benefit from the completion of its Londoner Macao enhancement program while Galaxy will see further benefit in premium mass from the opening of the all-suite Capella. |
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Post by Blitz on Nov 29, 2024 7:31:45 GMT -5
China eases Macau travel for Zhuhai, Hengqin residents Nov 29, 2024 Newsdesk Latest News, Macau, Top of the deck www.ggrasia.com/china-eases-macau-travel-for-zhuhai-hengqin-residents/China’s State Council has approved new measures that further ease Macau-bound travel rules for residents of neighbouring mainland-China city Zhuhai, as well as for mainlanders resident on Hengqin island next door to Macau. That is according to an annoucement on Friday morning by China’s National Immigration Administration. Zhuhai, in Guangdong province, is already a key overland gateway for people from all over the mainland that are heading to Macau as tourists. Hengqin, a short stretch of water away from Macau’s Cotai district, is a part of Zhuhai city and has been – in recent years – developed as a mainland special economic zone to support Macau’s economic-diversification efforts. Starting from January 1, 2025, mainland China residents with their household registration in Zhuhai city will be able to apply for a new “one-trip-per-week” visa to come to Macau, and stay in Macau for no more than seven days each time. It didn’t clarify if a new visa application had to be made before each specific inbound journey. From the same date, mainland China residents possessing household registration and a residence permit for Hengqin can apply for a multiple-entry visa to travel to Macau. No limit is placed on the number of trips, but the maximum period of stay each trip, will be seven days. Since May 6 this year, there has been a number of other visa-policy easing measures in effect for mainland China residents wishing to travel to Macau. They include the possiblity of multiple entries between Macau and Hengqin for mainlanders joining a “Macau-Hengqin tour group” containing at least two people and up to 40 people. Nearly 6,000 visitors have joined such Macau-Hengqin tour groups since the policy was effected, reported on Monday the Chinese-language radio channel of Macau public broadcaster TDM, citing Hengqin authorities. Macau recorded nearly 2.78 million visitor arrivals from Zhuhai during the first 10 months of this year, of which 77.4 percent were same-day trippers, according to the latest available data from Statistics and Census Service. The January-to-October Zhuhai visitor tally represented about 26 percent of the 10.90 million visitor arrivals from Guangdong province. The latter figure represented a full recovery relative to the same period in the pre-pandemic trading year of 2019, the official data indicate. (Updated 12.40pm, Nov 29) |
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