Visitor arrivals in Macau surged by 25.6 percent year-on-year to 3.40 million in May 2019, following a 15.9 percent gain in the previous month. Same-day visitors jumped 43.3 percent and overnight visitors grew by 10.3 percent. Visitors from China, which accounted for 71.4 percent of total visitors, surged 30.4 percent, and those travelling under the Individual Visit Scheme jumped by 29.9 percent. Also, visitors increased from Hong Kong (20.1 percent); South Korea (1.2 percent), and Taiwan (4.4 percent. Considering the first five months of the year, visitor arrivals rose 21.0 percent year-on-year to 17.2 million. Tourist Arrivals in Macau averaged 1894029.21 from 1999 until 2019, reaching an all time high of 3569825 in December of 2018 and a record low of 532588 in September of 1999.
Tourist Arrivals in Macau is expected to be 3060000.00 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 2820000.00 in 12 months time. In the long-term, the Macau Tourist Arrivals is projected to trend around 2960000.00 in 2020, according to our econometric models.