Following the sharp recession of 2014-2016, Macau tourism experienced healthy recovery led by the rebound in the gaming industry. Over recent years, the Macau government has been demonstrating initiatives in diversifying Macau’s tourism attractions and rebranding the city as the World Centre of Tourism and Leisure.
While efforts are employed to diversify Macau’s tourism, gaming has long been the main pillar for Macau’s tourism and is expected to remain an important attraction. Macau’s gaming industry achieved strong growth in 2017 and continued to post an impressive recovery in 2018.
The Hong Kong-Zhuhai-Macau bridge, which is opening in 2018, is expected to bring greater visitor inflows to Macau. Upon its opening, an inter-city bus service will be available.
Among the Macau government’s many initiatives in diversifying Macau’s tourism, one of the main ones emphasises Macau’s position as a MICE destination. For example, the 56,600 sq ft (5,258 sq m) Macau Fisherman’s Wharf Convention & Exhibition Centre is capable of hosting large-scale conferences or events, accommodating thousands of guests.
With improved transport infrastructure and the availability of convenient commuting options, outbound travel is expected to increase over the forecasted period. Given the greater travel flexibility, Free Independent Travellers (FIT) will be an increasingly important group among outbound travellers.
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