Operators eye innovation as retail pops

Alongside a rebound in gross gaming revenue, Macau is enjoying a boom in retail sales, with operators seeking to drive further growth through innovative concepts, such as pop-up shops and retail cafes. In the second quarter of this year, retail sales gained 23.6 percent, adding to a revised 25.9 percent gain in the first three months, with nearly all retail categories gaining, according to government figures. A return of the high rollers has helped to drive luxury spending, although the visitor profile to Macau has also changed, with higher spending overnight visitors now accounting for more than 50 percent of the visitor base. Visitors to Macau spent MOP16.5 billion ($2 billion) on items other than gaming in Q2, up 20 percent year-on-year, according to the latest visitor expenditure survey released by the city’s Statistics and Census Service. Overnight visitors spent more than four times as much than same-day ones. Their per-capita...

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