Macau’s Tourist Price Index increased 0.90% year-on-year in the three months to 30 September 2018, due primarily to substantial increases in hotel accommodation charges and restaurant services.
According to figures releases by the Statistics and Census Service (DSEC) on Monday, the TPI rose to 130.78 in 3Q18 including a 5.57% increase in the price indices of accommodations, while food, beverage and tobacco grew 4.29%. The TPI grew 0.71% sequentially on the back of a 9.14% increase in the price index of accommodation owing to higher hotel room rates during the summer holidays, the DSEC said.
The average TPI for the last four quarters rose by 3.88% from the previous period, with significant increases in the price indices of accommodation (+13.72%), transport and communications (+5.06%) and food, beverage and tobacco (+4.10%).
TPI reflects the price change of goods and services purchased by visitors with sections of TPI goods and services selected according to the consumption pattern of visitors.