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Hotel room rates have spiked sharply, the latest official figures show

Macao’s Tourist Price Index has registered a steep rise in the cost of tourist accommodation compared to the last quarter of 2022.

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Macao’s Tourist Price Index has registered a steep rise in the cost of tourist accommodation compared to the last quarter of 2022.

ARTICLE BY

PUBLISHED

UPDATED: 22 Dec 2023, 12:26 am

The hotel room rates in Macao has risen sharply, according to the latest figures from the Statistics and Census Service (DSEC).

The overall Tourist Price Index (TPI) for the first quarter of 2023 rose to 138.20, the DSEC said – an increase of more than 18 percent year on year and nearly 16 percent compared to the last quarter of 2022.

However, the index for accommodation spiked by almost 125 percent year on year and more than 126 percent compared to the last quarter.

[See more: It’s been a busy Easter for Macao’s recovering tourism sector]

Travellers have flocked back to Macao since the lifting of pandemic restrictions in January. Many have complained about the high cost of hotel room rates, prompting authorities to take steps to curb “abnormal prices”.

A labour shortage has also led many hotels to mothball rooms and reportedly cut back on essential services such as housekeeping, prompting some guest dissatisfaction. 

The TPI is compiled by the DSEC to reflect the consumption patterns of visitors to Macao, and is based on pricing in areas ranging from transport and restaurants to hotels and cultural activities.

 

UPDATED: 22 Dec 2023, 12:26 am

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