HONG KONG, Jan 20 — As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to lure them into stores with red lantern displays, special dances to mark the Year of the Rabbit - and discounts.
"We're definitely seeing an uptick in traffic across both the gaming and retail side of the business," said a Macau casino executive, who was not able to be named due to company policy."It's extremely uplifting after three very sad years and has provided a morale boost to everyone within the resorts as well."
Shanghai-based Juneyao Airlines 603885.SS reported its flights to Thai resorts Chiang Mai and Phuket were 99 per cent and 95 per cent full respectively when it resumed regular operations this week. And robust demand for destinations like Macau, Hong Kong, Taiwan and Thailand has boosted prospects for the battered travel industry, Ctrip booking data shows.
In Singapore, the upmarket mall at the Marina Bay Sands resort has put in place giant rabbit decorations. Rinascente, an upmarket Italian department store operator owned by Thailand's Central Retail Corp CRC.BK, is not planning to decorate shop windows with a Lunar New Year theme, unlike pre-pandemic practice, because there are still only a small number of Chinese visitors, Chief Financial Officer Mariella Elia said.Retailers in South Korea are also not seeing a huge influx in Chinese tourists yet, citing the suspension of short-term visas for travellers between both countries.
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