Macau’s Economy Grows For a Second Quarter On Tourism Rebound
(Bloomberg) -- Macau’s economy expanded for a second straight quarter as the Asian gambling hub saw further improvements in tourism and gaming services.
Macau’s gross domestic product increased 32.9% year-on-year in the third quarter, after an almost 70% expansion in the previous three months, according to a statement from the city’s government Friday. The gambling hub posted steep double-digit contractions in every quarter last year as the Covid-19 pandemic crippled tourism and spending across the region.
Exports of gaming services soared almost 303% while exports of other tourism services also gained 303% as tourism resumed. The number of visitor arrivals jumped almost 144% from a year ago, the data showed.
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