The tourism economy is recovering strongly, the exhibition economy is making steady progress, and the community economy is bursting with new vitality. Since the beginning of this year, Macao has focused on "promoting economic development, diversifying resources, benefiting people's livelihoods, and seeking development", with strong development momentum in various fields, injecting vitality into the sustained recovery and improvement of the social economy. The strong engine of tourism economy is coming to an end in the hot summer season, and major tourist attractions in Macau are still bustling with people. Some people stroll through the old city area, feeling the profound accumulation of world cultural heritage; Some people also linger in commercial complexes, shopping, watching exhibitions, and listening to concerts, experiencing the dynamism and modernity of modern cities. Since the beginning of this year, there have been frequent highlights in the Macau tourism market, and the construction of the World Tourism and Leisure Center has accelerated. Hardcore data: In the first seven months of this year, there were over 22 million inbound tourists, a year-on-year increase of 14.9%; In the second quarter, the total non gambling consumption of tourists was MOP 18.25 billion, an increase of 4.6% year-on-year. Remarkable achievements: For the third consecutive year, it has become the city with the highest number of five-star hotels in Forbes Travel Guide; Won the first place in the "2024 Top 10 Destination for Chinese Tourists' Outbound Satisfaction" announced by the China Tourism Research Institute. Li Xi, Executive Vice Dean of the School of International Tourism and Management at City University of Macau, believes that the strong performance of the tourism market is an important driving force for Macau's economic growth. With the promotion of the "tourism+" strategy, the multiplier effect of Macau's tourism industry will become increasingly significant. Multiple industry insiders have analyzed that the effect of expanding customers both domestically and internationally will continue to show in the second half of the year, and the international reputation of Macau's tourism brands will be further enhanced. Coupled with the "National Day" Golden Week, Macau International Fireworks Competition, the 15th National Games and other cultural and sports events, Macau's tourism economy is expected to maintain a strong growth trend with strong momentum. Recently, Macau was selected as the "Best Asian Conference Destination" by MC Asia, a well-known exhibition magazine in Asia, for its growth in the exhibition economy. The organizer stated that Macau has first-class exhibition software and hardware facilities and regional advantages in Asia, making it an ideal exhibition destination with competitive advantages; Combining cooperation and linkage with Hengqin, showcasing the cultural and commercial advantages of both regions, providing international attendees with a wider range of diverse choices and unique experiences. As an important part of Macau's moderately diversified economic development layout, the exhibition industry flourished in the first half of the year. Statistics show that there were 918 exhibition activities in the first half of the year, a year-on-year increase of 29.3%. Among them, the most common themes are commerce and management, followed by tourism and information technology, mainly focusing on the "1+4" industry. Ho Hoi Ming, President of the Macau Convention and Exhibition Tourism Association, stated that the exhibition industry performed better than surrounding areas in the first half of the year, mainly due to the continuous promotion of the "1+4" industry development by the SAR government, especially its support for the exhibition industry. Entering the peak season of exhibitions, Macau will welcome multiple large-scale events such as the Second China Portuguese Speaking Countries Economic and Trade Expo (Macau) and the First Global Intelligent Machinery and Electronic Products Expo. The popular venues in Cotai District are already full for October and November, indicating market heat, "said He Haiming. The exhibition industry is injecting momentum into Macau's economic development through market-oriented, professional, international, digital, and green development paths. The community economy is adding vitality to the pedestrian areas of Guangzhou Street and Shanghai Street in the New Port, and the New Port Market is coming to a close. This community event, themed "Food Truck, Food Street" and featuring local businesses and performance groups in the catering and cultural industries, has been continuously popular for several days, boosting the popularity and commercial atmosphere of traditional business districts. It's very lively, with many nearby residents and tourists visiting, and the revenue can increase by about 15%. ”On the last day of the event, Mr. Chen, the vendor, was still busy, putting the dishes on the grill one by one before the peak customer flow. He said that although it was hard, he hoped that such events would be held more frequently. In order to continuously attract traffic into the district and drive the operation of small and medium-sized enterprises, various activities have been held in multiple places in Macau. According to the Tourism Bureau of the Special Administrative Region Government, as of August 15th, 21 subsidized projects have been successfully completed, with a cumulative participation of over 520000 people and about 900 directly participating merchants. In November, Macau will host the 15th National Games as one of the hosts. Riding on the momentum of the grand event, the SAR government and the Macau Chinese General Chamber of Commerce jointly organized the "National Sports Gathering · Community Consumption Award", which will distribute consumption discounts worth MOP 485 million from September 1 to November 30. The public opinion here believes that promoting consumption activities will effectively stimulate domestic demand, boost community economic vitality, and further stabilize the good fundamentals of Macau's economy. (New Society)