Visitor arrivals in Macau increased by 6.5 percent year-on-year to 3.62 million in August 2019, after a 16.3 percent surge in the previous month.
Same-day visitors jumped 20.2 percent, while overnight visitors fell by 5.7 percent. Visitors from China rose 4.7 percent, with those traveling under the Individual Visit Scheme declining 1.3 percent. Also, visitors grew from Hong Kong (19.7 percent), Taiwan (1.2 percent), and the Philippines (26.7 percent), and the UK (3.9 percent), but declined from India (-30.6 percent), Indonesia (-7.7 percent), Japan (-14 percent), and the US (-0.9 percent). Considering the first eight months 2019, visitor arrivals soared 18 percent year-on-year to 27.44 million. Tourist Arrivals in Macau averaged 1930734.77 from 1999 until 2019, reaching an all time high of 3623116 in August of 2019 and a record low of 532588 in September of 1999.
Tourist Arrivals in Macau is expected to be 2782600.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Tourist Arrivals in Macau to stand at 3540700.00 in 12 months time. In the long-term, the Macau Tourist Arrivals is projected to trend around 3354700.00 in 2020, according to our econometric models.