A two-day exhibition of European luxury watches and jewelry scheduled for next month in Macau has been canceled due to the ongoing anti-corruption campaign in mainland China.
The crackdown could seriously hurt attendance in the May 2-3 event, Apple Daily reported Friday, citing Imex Asia Ltd., its Hong Kong-based organizer.
The inaugural show was to take place at the Grand Emperor Hotel, which is struggling to attract high rollers like most Macau gaming venues amid Beijing’s unrelenting drive against graft, event manager Vincci Tung said in a notice on the company website.
Organizers said the European Asian Watch, Jewelry & Antique Coins Show is intended to give European and Asian dealers a platform to sell luxury watches and jewelry at discounted prices.
Tung said the number of big spenders from the mainland has been falling since the Lunar New Year holiday in February.
She said the show will be rescheduled to an unspecified date and exhibitors, including 29 from Hong Kong, will get a refund.
Macau saw a 7 percent slump in Chinese arrivals during the Ching Ming Festival on Monday compared with the same time last year, said Andy Wu, chairman of the Travel Industry Council of Macau.
But a surge in visitors from Hong Kong and Taiwan helped push inbound tourism by about 1-2 percent.
Visitor traffic from the mainland has been hurt by tensions with Hong Kong which is typically bundled with Macau in many tour packages, industry sources said.
– Contact us at [email protected]