Macau’s tourist price index recorded a year-on-year increase of 6.15 percent in the first quarter of 2018, according to data released on Friday by the city’s Statistics and Census Service. The index reflects price changes in goods and services typically purchased by visitors but excludes gaming.
The tourist price index between January and March this year was down 3.91 percent compared to the fourth quarter of 2017.
The statistics bureau cited rising costs for hotel accommodation and restaurant services, as well as higher prices of local food products, as the major factors contributing to the year-on-year rise of the index in the first quarter of 2018.
The sub-index of accommodation increased by 19.33 percent compared to the prior-year period but dropped 11.27 percent judged quarter-on-quarter.
Data from the Macau Hotel Association show that the average hotel room rate in the first two months of 2018 was MOP1,381.60 (US$170.9), up 4.8 percent from a year earlier.
The total spending – excluding gaming expenses – of visitors to Macau in 2017 reached MOP61.32 billion, representing an increase of 16.4 percent year-on-year, according to official data.
Mainland China remains Macau’s largest single source market for tourists. In 2017, non-gaming spending by mainland Chinese visitors to Macau amounted to MOP48.89 billion, accounting for nearly 80 percent of the total spending by visitors last year.
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"The idea that VIP [in Macau] would revert to its previous levels, I think that it’s clearly foregone, it’s not going to happen. But I anticipate that … the premium-mass and mass will be stronger than it has ever been”
Chief executive of Wynn Resorts