New COVID Measures Put Off Macau Visitors

The mainland’s tourist demand during the National Day holiday is expected to ratchet up a notch, but Macau may not benefit.

Kate Lin, CAIA 04.10.2021
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This weekend is the National Holiday weekend in Hong Kong. Based on tourism number forecasts, Morningstar analysts expect travel demand to rise by around 2% compared to 2020; however, this number is still only 80% of 2019 levels. Morningstar data show that Chinese trip-booking platform Trip.com saw its domestic business regain a strong foothold in July, but the recovery has been significantly slowed through September. Imported COVID cases, including those that carry the Delta variant, have caused concerns for visitors planning cross-province trips. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Galaxy Entertainment Group Ltd39.85 HKD-2.69Rating
Melco Resorts and Entertainment Ltd ADR11.12 USD1.37Rating
MGM China Holdings Ltd5.54 HKD-0.18Rating
Sands China Ltd16.70 HKD1.58Rating
SJM Holdings Ltd5.49 HKD0.18Rating
Wynn Macau Ltd6.70 HKD-0.15Rating

About Author

Kate Lin, CAIA

Kate Lin, CAIA  is a Data Journalist for Morningstar Asia, and is based in Hong Kong

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