Macau, known as China's sin city, is facing pressure to diversify its leisure offerings and become more family-friendly, similar to Las Vegas. Despite an increase in visitors in 2023, Macau is struggling to adapt and is betting on significant changes. The city's high GDP per person may not shield it from the impact of reduced spending by Chinese tourists. Meanwhile, Las Vegas is revamping its loyalty program and focusing on locals. The decline in spending by Chinese tourists is also affecting luxury retailers in Hong Kong.
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists @ReutersChina https://t.co/lK14QzuL1d
Chinese Tourists Are Back. They Just Aren't Shopping Like Before. https://t.co/QE9dFd9Udp
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists https://t.co/PmvnkmYpdr via @farahmaster
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists https://t.co/RkkrkKkWko https://t.co/9RRXQNtc5y
Resorts World is overhauling its "player reinvestment strategy" and plans to revamp the Genting Rewards loyalty program, according to an insider. "The offers to players and guests are going to be way better in 2024 and there's a HUGE focus on locals. We want to be the locals… https://t.co/7nnUttpunL
Macau, China’s sin city, wants to be more like Las Vegas. It's betting a fortune on the effort https://t.co/KZsGowusd5 👇
Macau’s GDP per person is usually among the highest in the world. But that will not shield China’s sin city from Xi Jinping’s wrath https://t.co/0NXPm1yiNL 👇
How The Steep Decline In Chinese Tourists Will Cost The U.S. More Than $20 Billion https://t.co/fJ65AFvYC5
"After being grounded for three years during the pandemic, Chinese travelers are taking to the skies again. But they don’t look or spend the same." @natashakhanhk https://t.co/iDZaXOld1H https://t.co/iDZaXOld1H
Chinese travelers are taking to the skies again. They just aren’t shopping like before. https://t.co/pARiGIgdaY https://t.co/pARiGIgdaY
More people visited Macau in the first nine months of 2023 than in the preceding three years combined. But it is betting a fortune on big changes. Read why: https://t.co/eW62Eklzcg Image: Getty Images https://t.co/f3YJkgefK7
Macau is under pressure to follow the model of Las Vegas, which has diversified its leisure offerings and become more family-friendly. But China’s sin city is struggling to adjust https://t.co/nSmP5ycebY 👇