The tourism and gaming industry, a general term for tourism, hotels, catering, retails and gaming, is a major driving force of Macau’s economy. Gaming industry by itself is the largest source of direct tax in Macau.
The rapid growing tourism and service industries are the main source of income for Macau. The income generated from tourism has exceeded the total value of exports since 1992. Over the 1990s, the tourism industry in Macau prospered and its development accelerated following the establishment of the SAR Government.
In 2006, Macau’s tourist arrivals reached 21.998 million, showing a growth of 17.57% in comparison with 2005. The tourist arrivals figure for the first quarter of 2007 is 6.37 million, a growth of 21.4% over the same period of last year.
The majority of tourists in the first five months of 2007 are arrived from Mainland China (3.58 million), followed by Hong Kong (1.95 million) and Taiwan, China (0.33 million).
As at the end of May 2007, there were 13,052 hotel rooms. The hotel occupancy rate was 72.3%.