Information from the Statistics and Census Service (DSEC) indicated that attributable to an increase in overnight visitors and the opening of new hotels, business performance of the hotel sector improved compared to 2015. Receipts of the sector increased by 9.3% year-on-year to MOP 28.47 billion in 2016, reversing from the decline in 2015. Meanwhile, expenditure grew by 13.5% year-on-year to MOP 26.61 billion, of which Compensation of Employees (MOP 11.93 billion), Operating Expenses (MOP 11.78 billion) and Purchase of Goods & Commission Paid (MOP 2.89 billion) rose by 14.2%, 13.8% and 9.3% respectively.
In 2016, number of operating hotels and guesthouses increased by 2 year-on-year to 109, including 77 hotels and 32 guesthouses. Number of persons engaged in the sector grew by 9.6% to 49,628; among them, 27,204 were engaged in the 8 hotels with 1,500 workers or more, a growth of 19.8% year-on-year.
Receipts of 5-star hotels grew by 2.2% year-on-year to MOP 21.92 billion, with Room Sales (MOP 9.85 billion) being the major source of receipts, up by 1.0%; receipts from Rental of Space (MOP 5.60 billion) and provision of Food & Beverages (MOP 4.76 billion) also registered growth. Receipts of 4-star hotels surged by 51.2% year-on-year to MOP 4.12 billion, with that from Room Sales (MOP 2.09 billion) rising by 28.0%. Receipts of 3-star hotels (MOP 2.28 billion) went up by 32.8% year-on-year, while that of 2-star hotels (MOP 99.46 million) slid by 14.2%.
Receipts of hotels from Online Business (including bookings of hotel rooms, tickets, etc.) totalled MOP 1.18 billion in 2016, of which 5-star, 4-star and 3-star hotels amounted to MOP 775 million, MOP 253 million and MOP 108 million respectively.
Meanwhile, expenditure of 5-star hotels (MOP 20.30 billion) increased by 6.1% year-on-year, with Compensation of Employees (MOP 9.37 billion) and Operating Expenses (MOP 8.65 billion) growing by 7.9% and 5.2% respectively. Expenditure of 4-star hotels expanded by 29.9% to MOP 3.82 billion, incurred mainly on Operating Expenses (MOP 2.07 billion). Moreover, expenditure of 3-star hotels (MOP 2.37 billion) soared by 90.6%, with Compensation of Employees (MOP 1.14 billion) and Operating Expenses (MOP 1.01 billion) leaping by 85.2% and 112.4% respectively. Besides, Non-operating Expenses of hotels such as depreciation and interest paid amounted to MOP 11.17 billion, up by 26.5% year-on-year.
Gross Value Added that measures the sectoral contribution to the economy rebounded from the decline in 2015, rising by 7.6% year-on-year to MOP 14.21 billion. As the new hotels started operation in the second half year of 2016, the growth in expenditure outpaced that in receipts, which drove down Gross Surplus of the sector by 17.3% year-on-year to MOP 2.28 billion; yet, the rate of decrease was significantly smaller than that in 2015 (-44.4%). Gross Surplus Ratio of the sector also went down by 2.6 percentage points year-on-year to 8.0%, with that of 3-star hotels (-2.9%) dropping by 30.3 percentage points. On the other hand, due to a remarkable increase in building and major renovation projects upon the completion of new hotels, Gross Fixed Capital Formation of the sector (MOP 36.58 billion) went up by 26.8% year-on-year, with that of 3-star hotels leaping by 4,964.4% to MOP 7.35 billion while that of 4-star hotels tumbling by 94.4% to MOP 177 million.