The rapid development of the tourism sector in recent years has attracted openings of several new hotels. In 2006, there were 80 hotels and similar establishments in operation, which included 49 hotels and 31 guest-houses, providing a total of 12,915 guest rooms.
At the end of 2006, the number of persons engaged in the hotel and similar establishments totalled 14,158. Among them, 14,041 were working in hotels, accounting for 99% of the total, while 117 were working in the guest-houses.
Gross fixed capital formation, spurred by the subsequent openings of 6 new hotels, amounted to MOP9.55 billion(US$1.2 billion) in 2006. Owing to their shorter operating period in 2006, total receipts of hotel industry was MOP3.73 billion (US$466,000), of which receipts from room sales and sales of food & beverages amounted to MOP1.73 billion and MOP800 million respectively, altogether sharing 68% of the total.
Total expenditure reached MOP5.04 billion, with operating expenses (MOP1.82 billion), compensation of employees (MOP1.48 billion), and depreciation (MOP718 million) taking up 80% of the total. As a measure of the hotel industry’s contribution to the economy, gross value added amounted to MOP1.54 billion in 2006.
