India – How to make a country less attractive for foreign investment and expatriates

I am sorry but what is written and described in below linked Spiegel Online article is yet another reason to NOT work in India as expatriate. Getting prosecuted for crimes of your company while you as a person had NOT been involved at all or not having been in the responsible (or even remotely close) position during the time of the crime, is a serious thing. Being stuck in a country for years during a law suit is not something I want to be part of.

http://spon.de/aehXv

Macau in Figures – Entry points for visitors

Entry1

 

Macau being a relatively small Special Administrative Zone, the number of available border crossings is limited to 6 major crossings and a few “minor” ones. As can be seen from above graphic, Gongbei border gate in the North of Macau (border to Zhuhai) is the most important entry points for visitors to Macau, followed by both the Outer Harbour (which connects to Shenzhen, Hongkong and HK Airpoirt) as well as Taipa Ferry Terminal (for Cotaijet). The percentage distribution of visitors per entry point is closely resembling above graph and looks as follows:

Entry21

 

To make it more easy to read, here is an average approximation of the visitor per entry point distribution:

Entry point for visitors AVERAGE of visitor distribution
Outer Harbour 27%
Inner Harbout 1%
Taipa Ferry Terminal 12%
Border Gate Gongbei 50%
Other Land 4%
Airport 6%
Heliport 0%


EntryCircle

In similar way as the overall visitor figures exploded (with mainland China contributing most), each entry point except the Inner Harbour border increased in visitors:

Growth in Visitors

To give this a better representation of the masses of people coming through, here is the gain in absolute figures Q1 2008 to Q1 2014 for each entry point:

GrowthAbsolute

As can be seen, Gongbei increased total visitors within four years by nearly 1.2 million persons in one quarter. The Outer Harbor “only” grew by about 300 thousand visitors per quarter in the same time. Reading these figures it becomes apparent that

  • Gongbei should be the number one spot for advertisement, potential customer gain and point of attraction.
  • Taipa Ferry Terminal has grown since 2009, however as can be seen from the first graph, its growth has stagnated already in 2010, most likely limited due to the amount of ferries per day.
  • Outer Harbour has grown between  2009 and 2014, however looking further back to the beginning of 2008 it has lost a lot of traction

Macau in Figures – Visitor Figures Broken Down By Country – Trend Across Several Years

ListeallerStaaten

Following up on the last post about revised visitor figures to Macau, here are some further in-depth analysis of visitors to Macau broken up by country. Above graph shows the growth/decline percentage for each country on a year to year basis as well as an average across these four figures and a percentage of growth between 2013 to 2009.

What findings do we see? Amongst others the following:

  • Russia is leading the list with an overall growth of 291%, from 7806 to 30528 visitors in four years.

Russia

  • Second biggest growth winner is the Republic of Korea which rose from 204767 visitors in 2009 to 474269 visitors in 2013, representing a growth of 132%.

Korea

  • Third winner would be “Others”, however as this is so undefined and actuall pretty low in absolute figures (13938 to 24448), I give Mainland China the third place. Growth of 70% from 10,989,533 visitors to 18,632,207 visitors.

Mainland China

  • Let’s have a look at those countries that have sent less visitors to Macau in the last four years. Amongst these are Taiwan, Japan, Malaysia, Singapore, Canada, USA, Netherlands, United Kingdom and Australia.
  • Other countries that should be considered in this list are those that show a downward trend within the last two years, i.e. countries that display a decline in visitors in the last two years: Hong Kong, India, Indonesia, Brazil, New Zealand and South Africa.
  • Vietnam which has an overall decline of 73% has not been included as for the last two years visitor figures grew by 50% pointing to a particular event that caused figures to drop. A detailed view reveals that something must have happened in Q3 2010 for figures dropped dramatically!

Vietnam

 

  • If you take Mainland China out of the picture, then overall figures decline between 2013 and 2009, by roughly 70k visitors:

AbsoluteFigures

 

  • However if you look at the figures of the past two years (2013 to 2011) then the situation has worsened tremendously with 1.14 million visitors LESS in 2013 than in 2011 (all countries apart from mainland China). Hongkong, Taiwan, India, Japan, Malaysia and the USA had by far less visitors.

Absolute2011

 

  • Comparing those two tables as well as the first table showing year-to-year growth rates, one can analyze that there had been some growth for some countries in the years 2009, 2010 and 2011 but in recent two years there has been decline that ate up the good visitor figures of the past.

Macau in Figures – Visitors to Macau Q2 2014

TaiwanKorea

The Macau Daily Times has published the official visitor figures of DSEC for the first half of 2014. Whereas the official Q2 report for 2014 is not yet released (on the time of writing), the figures for January to June 2014 in conjunction with the Q1 2014 report can be used to determine individual figures for Q2 2014. As usual MDT is not analysing the figures in relation to its historical data and hence I would like to present further information to bring the visitor figures into correlation.

First, it is stated that Visitors from mainland China (+15%), Taiwan (+2%) and the Republic of Korea (+18%) increased year-on-year, while the number of visitors from Hong Kong (-6%) decreased.

Whereas the individual comparisons are correct, one needs to go one step further and have a look at the longterm development. As can be seen in above graph, Taiwanese visitor figures are on a slow decline since 2009. Hence the +2% might be just a slight peak up in an overall downwards trend.

Next, Korea is reported +18% year-to-year (226 thousand vs. 267 thousand) which is in line with the overall trend since 2009.

ChinaHKGQ2

Once again, China is leading the pack with most visitors and the figure is once again climbing. Hongkong however is tender further downwards.

Second, MDT is reporting about Long-haul visitors from the United States (15,317) registered a year-on-year increase; on the contrary, the number of arrivals from Australia (6,899), Canada (4,422) and the United Kingdom (3,908) all marked decreases.

EnglishSpeaking

As astonishing the figures might be on the shortterm, in the longterm it becomes clear that nothing has really changed. All four English-speaking countries go through seasonal ups and downs, however stay more or less in the same bandwidth of visitors.

Note: It is not clear how e.g. bluecard holders are being counted as visitors or non-visitors. I.e. would the American workforce of Wynn count as a visitor everytime they go for a weekend to Hongkong and come back? If yes, then the above shown graphs are drastically misrepresenting the “true” visitors figures to Macau.

Then once again, the hidden truth might be revealed in the following graph:

ChinavsRestQ2

 

Quarter to Previous Year Quarter comparison

Quarter to Previous Year Quarter comparison

China is on the rise with Hongkong visitors on a stark decline. Rest of world displays a three quarter continuous minor growth (in comparison to previous year same quarter), yet this can shift easily (as there had been two years of continuous decline beforehand). The implications of the above are exactly what needs to be discussed both in terms of where Macau would like to see itself as a gaming and tourism hub as well as the needs for the industry.

E.g. if non-Chinese speaking visitors are on a decline overall, why would there be the need to diversify one’s workforce to serve this small market share. Or the other way round, what is being done to prevent the decrease in visitors, i.e. how is Macau being made more attractive for non-mainland Chinese visitors?

Macau – Galaxy Phase 2 – Construction Progress January to July 2014

Construction of Galaxy Phase 2

Galaxy Macau Phase 2 has developed speedily since last year. Progress at site is best captured by the rapidness that the facade was being installed. Above photo was taken end of July 2014 with below photos taken across the months until end of January 2014. See further photos of the new construction at Galaxy.

Galaxy Macau Phase 2
(June 18th 2014), three quarter of the facade is done

Galaxy Phase 2
(April 19th 2014), halfway up the tower

Galaxy Phase II - Facade is coming up
(February 23rd 2014), 5 to 10 further floors of facade installed

Galaxy Macau Phase 2
(January 25th 2014), facade has just started