• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau tourist price index down for seventh straight quarter

Apr 13, 2017 Newsdesk Latest News, Macau, Top of the deck  


Macau tourist price index down for seventh straight quarter

Macau’s tourist price index, which reflects price changes in goods and services typically purchased by visitors, fell by 5.5 percent year-on-year in the first three months of 2017, data from the city’s Statistics and Census Service show. Gaming services are not included in the index.

It was the seventh consecutive quarter of such year-on-year decline, according to official data. The last time the index went up was in the second quarter of 2015.

The tourist price index for the first three months of 2017 was down 4.5 percent from a quarter earlier.

The decrease was partially attributable to lower hotel room prices, the statistics bureau said on Thursday. The sub-index for accommodation was down by 14.4 percent year-on-year. In quarter-on-quarter terms, the decline was of 10.2 percent.

The average cost of a Macau hotel room during the first two months of 2017 was MOP1,367 (US$171) per night, show data from the Macau Hotel Association. That was a fall of 2.6 percent from the prior-year period.

The decline in hotel room rates is occurring against a backdrop of increasing supply. At the end of February, Macau had 36,400 hotel rooms, up by 13.2 percent from a year earlier.

Many of the hotel rooms in Macau are in the five-star category. The high price of Macau hotel rooms is regularly cited by investment analysts as an inhibitor for extended stays or increased frequency of stay.

Contributing to last year’s increase in hotel room supply were two new casino properties in Cotai: Wynn Palace, inaugurated in August by Wynn Macau Ltd; and Parisian Macao, from Sands China Ltd, which opened doors in September. Hotel stays are one of the main non-gaming revenue sources for casino operators in Macau.

In the first two months of 2016, the city recorded a total of 2.0 million hotel guests, up by 11.9 percent in year-on-year terms. Visitor arrivals in the same period were up 5.5 percent to 5.4 million.


  • tweet
Related articles
  • Vietnam 1Q foreigner arrivals a third of entire 2023 target
    Vietnam 1Q foreigner arrivals a third...

    Mar 30, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govtMacau March GGR up 247pct y-o-y, to US$1.6bln: govt April 1, 2023
  • LET Group narrows year loss, Manila site open end 2024LET Group narrows year loss, Manila site open end 2024 March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us