YOHO Resorts World Shopping Centre to make grand debut this month

Macau and Hong Kong, 9 January, 2024 - YOHO Resorts World Shopping Centre in Macau, for which JLL is the leasing and market management agent, is scheduled for a grand opening on 26 January 2024. Developed by YOHO Group, YOHO Resorts World Shopping Centre is set to become the largest shopping centre on the Macau Peninsula. Currently, over 80% of the retail floor space has been occupied by numerous renowned international brands, setting the stage for the shopping and entertainment complex to deliver an unparalleled luxury experience to the city.

The five-storey, 400,000 sq ft YOHO Resorts World Shopping Centre offers a wide range of facilities including Chinese and Western restaurants, bar, cinema, supermarket and entertainment centre. The shopping centre, working with Forward Fashion (International) Holdings Company Limited, will create a refined luxurious shopping experience with six international renowned brands, including the debut of Galeries Lafayette in Macau, a French premium department store with a 130-year history and Five Guys, a world-famous burger brand for the first phrase; UFC Gym, a high-end fitness centre; POP MART, a leading lifestyle toy retailer; Under Armour, a leading sports brand; Beebeeland, a large-scale game entertainment centre for the second phrase launching; In addition, the shopping centre has secured a lease from Bona Film Group for approximately 30,000 sq ft for a seven cinema house that is expected to boost the market and bring new experiences to audiences as the most prestigious cinema in Macau.

According to the Statistics and Census Service of Macau, total visitor arrivals for the third quarter of 2023 reached 8,280,000, representing an uplift of 8.2 times year-on-year. Among which, the number of visitors soared by six times year-on-year to 2,580,000 in November. In terms of visitor sources, mainland China jumped 4.5 times to 1,770,000, while visitors from the Nine cities in the Pearl River Delta and Greater Bay Area increased by 3.6 times, to over 840,000. The substantial rise in visitor arrivals was accompanied by robust consumption figures, with the total spending of visitors (excluding gaming expenses) surging 5.8 times year-on-year to MOP19.6 billion in the third quarter of 2023, and the annual gaming revenue increasing by 3.3 times year-on-year to MOP183.1 billion. This bodes well for the sluggish retail market in Macau, and the opening of the shopping centre, coupled with the rebound of Macau's tourism and gaming industry, is expected to further attract regional tourists to the city.

Oliver Tong, General Manager of JLL in Macau and Zhuhai, said, "The full reopening of the mainland and Macau borders, alongside the significant rebound in mainland visitors to Macau, is expected to drive footfall and sales at YOHO Resorts World Shopping Centre. Currently, near 90% of its floor space has been leased to tenants, including several world-renowned retail brands, with many lease applications from well-known international fashion, jewellery and watch brands, indicating confidence in the shopping centre and its development prospects. In addition, the strong recovery of Macau's tourism industry has led to a steady revival of the food and beverage (F&B) sector, with many operators actively seeking expansion opportunities. Leveraging its superior scale and amenities, YOHO Resorts World Shopping Centre is set to attract more F&B outlets and other businesses for leasing transactions, as well as tourists, thus becoming a compelling destination in Macau and a future shopping paradise that will drive Macau's tourism industry."

Tiffany, representative of YOHO Treasure Island, said, "We are committed to establishing YOHO Resorts World Shopping Centre as the most popular large-scale tourist shopping centre in the region. YOHO Resorts World Shopping Centre and the adjoining YOHO Treasure Island Resorts World Hotel are described as 'The Most Scenic Hotel and Shopping Mall in Macau', given their advantageous location. The complex is situated in the prosperous commercial centre of the Praia Grande area of Macau Peninsula, adjacent to famous landmarks such as the Hotel Lisboa, Wynn Macau, Grand Lisboa Hotel, and other 5-star hotels, attracting high spending customers. Additionally, the area includes a circular lake art park, running trails, and underground tunnels connecting nearby landmark buildings and the Praça Ferreira Amaral roundabout public car park. The project not only enhances the relationship between the building and its environment, but also adds accessibility to the city. Located at the entrance of the shopping centre, the Praça Ferreira Amaral is the largest bus transfer station in Macau, serving nearly 200,000 people daily. With these unique features and attractive brands, we believe the project will boost Macau's central commercial and tourism sectors, and we eagerly anticipate its transformation into a new landmark for tourism in Macau, as it brings a new dimension to the retail industry."

To celebrate the grand opening of YOHO Resorts World Shopping Centre, customers could enjoy additional discounts and bonus points when they join the members club of the shopping centre within the first 35 days of the official opening, from January 26 to February 29. The mall has partnered with local banks, Galeries Lafayette Macau and numerous major tenants to offer benefits for the members. Customers not only gain the opportunity to purchase limited-edition items ahead of others, but will also receive extra cashback or bonus points. These points can be redeemed for complimentary hotel stays and entry into the grand lucky draw. Our range of options goes beyond just standard sea-view rooms and suits, with members having the chance to enjoy the luxurious onsen suites or presidential suites. The developer is thrilled to offer customers a vibrant and extraordinary experience at the newest shopping destination in Macau Peninsula.