Visitor arrivals in Macau tumbled 10.9 percent year-on-year to 2.91 million in November 2019, after a 1.8 percent rise in the previous month. Same-day visitors dropped 10.5 percent, while overnight visitors fell 11.4 percent. Visitors from China plunged 11.1 percent, with those traveling under the Individual Visit Scheme falling 14.9 percent. Also, visitors decreased from South Korea (-36.5 percent) and Hong Kong (-3.4 percent), but rose from Taiwan (1.1 percent). Considering the first eleven months of 2019, visitor arrivals soared 12.7 percent year-on-year to 36.32 million. Tourist Arrivals in Macau averaged 1939187.59 from 1999 until 2019, reaching an all time high of 3623116 in August of 2019 and a record low of 532588 in September of 1999.
Tourist Arrivals in Macau is expected to be 3300400.00 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 2960800.00 in 12 months time. In the long-term, the Macau Tourist Arrivals is projected to trend around 3354700.00 in 2020, according to our econometric models.