Core Insights - The hotel industry in Macau is projected to see a revenue increase of 13.6% year-on-year in 2024, reaching MOP 43.31 billion, driven by a rise in inbound travelers and occupancy rates [1] - Total expenditures for the hotel sector are expected to rise by 18.2% to MOP 35.26 billion, with a reported profit of MOP 8.11 billion before depreciation and interest payments [1] Revenue Analysis - Hotel revenue is anticipated to grow by 13.5% to MOP 43.13 billion in 2024, with room rentals generating MOP 20.76 billion (up 12.5%) and dining services contributing MOP 10.25 billion (up 25.2%) [1] - All categories of hotels are expected to report revenue growth, with four-star hotels seeing a significant increase of 26.1%, while five-star and three-star hotels will grow by 11.0% and 9.7%, respectively [1] Expenditure Analysis - Hotel expenditures are projected to increase by 18.2% to MOP 35.15 billion, with operational costs rising to MOP 17.10 billion (up 20.4%), employee expenses to MOP 13.97 billion (up 15.2%), and procurement and commission costs to MOP 4.08 billion (up 20.1%) [1] - The overall profit for the hotel sector is expected to be MOP 8.04 billion before accounting for depreciation and interest [1] Economic Accommodation Insights - The revenue and expenditure for budget accommodations are projected to be MOP 0.17 billion and MOP 0.11 billion, respectively, reflecting increases of 57.0% and 22.0% compared to 2023 [1] - The profit for budget accommodations is estimated at MOP 0.07 billion [1] Operational Scope - The survey covers 148 operational hotel establishments in Macau for 2024, including 104 hotels and 44 budget accommodations [2]