Macau could break records in 2025
How iGaming business [Link to English] reports, Macau is gearing up for a strong Chinese New Year and could exceed many analysts' tourism expectations in 2025. The holidays, which begin on January 29th, are expected to attract large numbers of visitors - around 70% of the expected guests would come from mainland China. 21 luxury hotels are already fully booked for the first days after the New Year.
This year, record numbers are expected: 510 million people will travel by train and 90 million by plane. The Macao Government Tourism Office expects up to 185,000 visitors during the holiday, which runs until February 4. Chinese New Year is generally known for triggering the largest annual wave of travel worldwide.
Tourism in Macau: Gambling between luxury and culture
In many places, Macau is considered the Asian Las Vegas - but the former Portuguese colony has much more to offer than just casinos. The special administrative region of China attracts millions of visitors every year who move between gaming tables, luxury hotels and cultural treasures. The world's largest gambling market generates many times the casino sales of Las Vegas. Tourists from mainland China, Hong Kong and increasingly international guests would generate billions in revenue at resorts such as the Venetian, Galaxy or Wynn Palace.
In addition to the iconic casinos, Macau scores with colonial charm: the old town with Senado Square and the ruins of St. Paul's Cathedral is a UNESCO World Heritage Site. There are also first-class restaurants that underline Macau's reputation as the gastronomic capital of Asia.
More Chinese tourists thanks to Visa easing
The recent easing of the Individual Visa Schemes (IVS), which since January has allowed multiple entries for residents near Macau The large cities of Zhuhai and Hengqin, which are located nearby, could also increase the daily number of visitors by up to 20,000. The Chinese government had already included eight more cities in the IVS program last year.
Also China's President Xi Jinping expressed optimism about Macau's growth despite recent economic challenges. To stimulate the economy, Beijing has cut interest rates and introduced a number of economic stimuli.
Disagreement about long-term growth
While Macau's short-term development looks promising, opinions on long-term growth vary. S&P Global [Link to English] warns about ongoing economic uncertainty, which could affect Macau's financial strength.
JP Morgan experts would expect overall growth of 5% for 2025, although the second half of the year could be stronger than the first at +7%. On the other hand, the analysis house Macquarie considers the general forecast of +6% growth to be too pessimistic and refers to international roadshows to attract foreign tourists. Seaport Research even predicts growth of 7% if the Chinese economy stabilizes.
CreditSights, on the other hand, expects only 4.7%. This is attributed to the fact that consumers tend to be more cautious when spending money due to economic uncertainty.
China values Macau and continues to support the destination.”–Macquarie, iGaming business
The Macau government is even more optimistic than S&P Global and Macquarie and expects total sales of MOP 240 billion (EUR 28.7 billion), an increase of 11% compared to 2024. We were in Macau last year broke some tourism records been.
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