Macau’s Tourist Price Index (TPI) rose 1.71% year-on-year in 2025, driven by higher jewelry prices and increased spending on entertainment and leisure, according to data from the Statistics and Census Service (DSEC). Lower hotel rates partially offset the overall increase.
Analyzed by category, the price index for Miscellaneous Goods, including jewelry, watches, and arts and crafts, surged 13.46%, while Entertainment & Cultural Activities climbed 8.20%. Meanwhile, Accommodation and Medicine & Personal Goods saw declines of 2.88% and 1.93% respectively.
In the fourth quarter alone, TPI jumped 4.95% year-on-year, reflecting higher jewelry prices, hotel rates, and airfares. Miscellaneous Goods, Accommodation, and Transport & Communications rose 17.33%, 7.33%, and 6.05% respectively.
Compared with the previous quarter, TPI grew 9.30%, with Accommodation spiking 34.86% amid National Day holidays and the Grand Prix. Miscellaneous Goods, Transport & Communications, and Clothing & Footwear also rose 7.77%, 4.86%, and 4.37%.
Macau welcomed a total of 40.06 million visitors in 2025, contributing to a record 235 million inbound and outbound trips.
Both figures mark historic highs, reflecting a 9.8% increase year-on-year for total trips.
The annual visitor count also represents a 14.7% rise compared with 2024, surpassing the pre-pandemic record of 39.4 million arrivals in 2019 by more than 650,000. LV
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