Visitor arrivals in Macau increased by 15.5 percent year-on-year to 3.55 million in February 2019, compared to a 24.9 percent growth in the previous month. Same-day visitors surged 21.5 percent and overnight visitors rose by 8.2 percent. Visitors from China, which accounted for 72.6 percent of total visitors, grew 11.9 percent, with those travelling under the Individual Visit Scheme rising by 4.2 percent. Also, visitors expanded from Hong Kong (31.2 percent); South Korea (20.3 percent); Taiwan (3.6 percent); Japan (9.3 percent); the Philippines (59.1 percent); and the US (4.9 percent). 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.