Tourist price index in Q2 down 3.91% year-on-year

The tourist price index (TPI) during the second quarter (Q2) of 2021 declined by 3.91% year-on-year to 116.93, predominantly dragged down by lower hotel room rates and falling airfares, the Statistics and Census Service (DSEC) said.
The DSEC revealed the latest statistics for the tourism index yesterday. The index represents the price change of goods and services purchased by visitors in Macau.
The 3.91% drop in the second quarter this year was partly counterbalanced by increasing fees in restaurants and higher prices of clothing.
In terms of segments, the price index of the accommodation sector displayed a massive plunge of 30.23%, whilst that for the transport and communications sector dropped by 9.96% in Q2, year-on-year.
On the other hand, the price index of clothing and footwear increased by 5.61%, and restaurant services was up 4.44% from the same period last year.
Nonetheless, the TPI for Q2 represented an increase of 0.99% when compared to the preceding quarter.
When stacked against the first quarter of this year, researchers found that the price index of the clothing and footwear segment grew by 8.25%, due to the new arrival of summer clothing. Meanwhile, the food and alcoholic beverages and tobacco segment increased by 5.64%, owing to more expensive prices of local food products.
On average, the TPI for the last four quarters plunged by 11.67% from the previous period.