Brokerage Morgan Stanley Asia Ltd says the market is “convenient” to see Macau visitor numbers return to pre-COVID levels, but says spending per visitor is “unknown.” The comments follow a recent visit to Macau by securities analysts.
“The ease of travel between Hong Kong and Macau is similar to pre-COVID levels,” analysts Pravin Choudhary, Gareth Leung and Stephen Grambling wrote in a note on Sunday. The Morgan Stanley team roamed the casino floors of a number of Macau properties on Thursday and Saturday nights, noting that most “Kotai casinos have at least