Information from the Statistics and Census Service (DSEC) indicated that number of operating hotels & guesthouses increased by 4 year-on-year to 113 in 2017, including 79 hotels and 34 guesthouses. Total number of persons engaged was 51,074, up by 2.9%. Receipts and Gross Surplus of the hotel sector recorded double-digit growth in 2017 attributable to the increases in guest rooms and guests of hotels & guesthouses.
Receipts of the sector totalled to MOP 32.59 billion in 2017, up by 14.7% year-on-year. Receipts of 5-star hotels rose by 11.7% to MOP 24.48 billion, with those from Room Sales (MOP 10.86 billion), Rental of Space (MOP 6.45 billion) and provision of Food & Beverages (MOP 5.27 billion) increasing by 10.3%, 15.2% and 10.6% respectively. In terms of 4-star hotels, receipts amounted to MOP 4.21 billion, up by 2.2% year-on-year, of which those from Room Sales (MOP 2.24 billion) grew by 7.0%. Regarding 3-star and 2-star hotels, total receipts of MOP 3.86 billion was registered, up remarkably by 64.8%, with those from Room Sales surging by 82.5%. Meanwhile, Interest Receipts and Insurance Claims of hotels reached MOP 182 million in 2017, a leap of 631.7% as compared to 2016 (MOP 24.90 million), owing to the insurance claims for the damages from the catastrophic typhoon on 23 August.
Expenditure of the sector totalled MOP 28.98 billion, up by 8.8% year-on-year, with Compensation of Employees (MOP 13.02 billion), Operating Expenses (MOP 12.77 billion) and Purchase of Goods & Commission Paid (MOP 3.19 billion) rising by 9.1%, 8.5% and 8.9% respectively. Expenditure of 5-star hotels went up by 9.8% to MOP 22.34 billion, of which Compensation of Employees (MOP 10.32 billion) and Operating Expenses (MOP 9.49 billion) increased by 10.2% and 9.8% respectively. As regards 4-star hotels, expenditure decreased by 2.7% to MOP 3.72 billion, with Operating Expenses amounting to MOP 2.02 billion, down by 2.4%. In addition, 3-star and 2-star hotels reported an expenditure of MOP 2.88 billion, up by 18.6%; Compensation of Employees (MOP 1.35 billion) and Operating Expenses (MOP 1.23 billion) incurred grew by 14.5% and 19.3% respectively. Meanwhile, Non-operating Expenses of hotels such as depreciation and interest paid totalled MOP 12.82 billion, up by 15.1% year-on-year.
Number of guesthouses went up 2 year-on-year to 34, while number of persons engaged decreased by 4 to 207. Receipts and Expenditure of guesthouses totalled MOP 56.97 million and MOP 45.79 million respectively, up by 7.4% and 12.6% year-on-year.
Gross Value Added that measures the sectoral contribution to the economy rose by 17.3% year-on-year to MOP 16.59 billion; Average Value Added per Person Engaged grew by 14.0% to MOP 0.33 million. As the growth in receipts outpaced that in expenditure, Gross Surplus of the sector surged by 62.1% to MOP 3.57 billion; Gross Surplus Ratio went up by 3.2 percentage points to 11.0%. Meanwhile, following the completion of several large-scale hotels in 2016, Gross Fixed Capital Formation of the sector in 2017 tumbled by 76.4% to MOP 8.63 billion.
