Casino operators upbeat on Macau Golden Week

Casino operators may be in for the most lucrative Golden Week in the past decade – as indicated by the number of occupied rooms in different Macau integrated resorts.

Bloomberg reported that eighty percent of Macau’s hotels are already fully booked during the Chinese National Holiday that spans from October 1 to 8 – and the percentage continues to rise leading to the Golden Week.

Among the three to five star hotels that are already fully booked for the Golden Week are MGM Macau; Wynn Macau and Wynn Palace; The Star Tower in Studio City; Melco’s Cotai resort; and StarWorld Hotel.

Of course it goes without saying that hotels are expected to charge five times their usual prices. Rates of rooms peddled by hotel booking websites Expedia and Booking.com for the long holiday are now around HK$10,000 ($1,281) a night. Two weeks prior to the Golden Week, the same rooms cost only around HK$2,000.