Linda Chen, President and Vice Chairman of WYNN MACAU (01128.HK) 0.000 (0.000%) Short selling $21.68M; Ratio 55.292% , said that the summer holiday is a traditional peak season for tourism, according to Macao Daily News.
Coupled with a series of favorable policies given by the central government to Macau's tourism industry, Chen believed that the diversified tourist facilities and mega events held one after another in Macau will bring about a positive change to the economic environment and the tourism industry of Macau.
As announced by Macau Government Tourism Office (MGTO) earlier, the hotel occupancy rate in Macau this year continued to improve, reaching 85% overall. It is believed that the rising visitor arrivals in summer will boost the hotel occupancy rate. WYNN MACAU, for example, has posted a good occupancy rate, and Chen was confident that the rate will continue to stabilize during the summer holiday.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-09 16:25.)
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