Shoppers return to Macau’s casino malls
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Macau’s casino malls have seen a welcome resurgence in foot traffic as locals bearing shopping vouchers return to store floors.
While gamblers have yet to return to the casino venues, government e-voucher handouts to eligible residents of the territory have stimulated the local economy in the wake of the coronavirus pandemic.
“Consumption coupons did help,” said JLL Macau head of leasing Oliver Tong. “When you go to casino malls, including The Venetian and Galaxy, during the weekend, the footfall is tremendous. It felt like going back to November or December last year when there were a lot of people. But these were all locals.”
Visitor numbers to Macau dropped 99.7 percent in April, with retail sales down 45.1 percent for the first quarter to US$1.41 billion.
Many retail tenants at Macau’s casino malls and adjacent to gaming facilities have been allowed rental waivers for three months.
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Questions & Answers
Q.What is driving the current increase in footfall at Macau's casino malls?
What is driving the current increase in footfall at Macau's casino malls?
The resurgence in foot traffic is primarily due to local residents using government e-voucher handouts. These consumption coupons were distributed to eligible residents to stimulate the local economy after the coronavirus pandemic.
Q.How did visitor numbers and retail sales in Macau perform earlier in the year?
How did visitor numbers and retail sales in Macau perform earlier in the year?
Visitor numbers to Macau dropped significantly, by 99.7 percent, in April. Retail sales were also down by 45.1 percent in the first quarter of the year, totalling US$1.41 billion.
Q.Have any measures been taken to support retailers in Macau's casino malls?
Have any measures been taken to support retailers in Macau's casino malls?
Yes, many retail tenants located within Macau's casino malls and adjacent to gaming facilities have been granted rental waivers. These waivers were provided for a period of three months.
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