The launch of a special “Blue Health Code” scheme for visitors from Hong Kong to enter Macau without undergoing mandatory hotel quarantine could see an immediate 13% boost in average daily visitor arrivals, according to a note from brokerage Bernstein.
The estimate by analysts Vitaly Umansky, Louis Li and Kelsey Zhu supposes a limit of 3,000 visitors per day from Hong Kong, based on recent reports in local Hong Kong media that a quota will be implemented on bus and ferry trips between the two SARs. Under the quota, 10 buses and 15 ferries would run from Hong Kong to Macau each day, both capped at 50% capacity, meaning around 450 people could enter Macau by bus and 2,500 by ferry.
With average daily visitation to Macau of 22,512 between January and May, this would suggest a 13% increase in visitation at the start of the “Blue Health Code” scheme.
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