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Macau’s Tourism Price Index drops 2.57% in Q2 on lower hotel room rates

by Pierce Chan

Sat 13 Jul 2024 at 08:57

MGTO says no apparent impact on visitor numbers from limitation on provision of free snacks in Macau casinos

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The Macau Tourism Price Index (TPI) for the second quarter was 140.96, down 2.57% quarter-on-quarter due to lower hotel room rates, according to the Statistics and Census Service.

The Accommodation Price Index was itself down 21.08% compared to the first quarter in Q2 as a result of the lower hotel room rates, while the TPI for Entertainment and Cultural Activities was 171.45, an increase of 0.84% quarter-on-quarter.

The Clothing and Footwear Index and the Restaurant Services Index showed significant increases, with the Clothing and Footwear Index up by 7.42% to 115.18 and the Restaurant Services Index by 6.79% to 186.53 in the second quarter.

The overall TPI for the second quarter was 140.96, up 2.72% year-on-year but down 2.57% quarter-on-quarter.

In the first half of the year, the TPI rose by 3.70% year-on-year, while the price indices for clothing and footwear, and for miscellaneous items, rose by 8.26% and 6.83% respectively, with only entertainment and cultural activities registering a drop of 15.10%.

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Tags: hotels Macau room rates Tourism Price Index

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

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