19年以来澳门博彩市占率（按GGR）
数据描述
14%14%14%15%
14%
12%12%12%
14%
13%
15%
14%
12%12.2%12.3%12.2%
20%
19%
18%
30%
20.7%21.1%20.4%20.2%18.6%
21.4%20.8%20.0%
20.4%20.7%19.6%
18.1%
16.2%
18.4%17.7%18.5%17.9%
17.4%
16.5%
8.8%14.0%
9.2%9.1%
10.3%
9.8%
12.7%11.6%11.3%
14.7%14.6%16.2%
8.1%
14.4%15.5%
14.0%14.0%13.3%14.3%13.0%
14.7%
15.6%15.2%14.3%13.9%
7.0%
01..09%%
12.1%14.4%14.4%
13.8%
13.5%12.8%12.5%
9.7%
12.7%12.6%13.2%13.4%13.3%13.5%
21.8%
17.7%
25.0%23.4%23.4%24.4%
21.4%24.3%
25.1%
21.7%22.3%21.2%25.7%26.3%25.4%27.7%26.7%26.9%25.5%
47.0%
22.1%
24.4%
15.1%16.7%17.5%17.0%
18.3%17.0%17.9%16.4%16.9%18.0%14.7%14.5%15.6%14.0%15.3%14.5%14.6%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
19Q1
19Q2
19Q3
19Q4
20Q1
20Q2
20Q3
20Q4
21Q1
21Q2
21Q3
21Q4
22Q1
22Q2
22Q3
22Q4
23Q1
23Q2
23Q3
23Q4
0%
资料来源：Wind、Bloomberg、华泰研究
图表16：五一假期酒店房价（单位：人民币）
注：*2023和2024年酒店房价均统计于五一假期两周前
资料来源：携程网、华泰研究
图表17：金沙VIP业务毛收入对比19年修复情况（百万美元）图表18：金沙中场业务毛收入对比19年修复情况（百万美元）