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Tourist prices rise 6.8 pct in 2013

Macau’s tourist price index (TPI) rose 6.80 percent year-on-year in 2013, the Statistics and Census Bureau (DSEC) announced Wednesday. A DSEC statement attributed the growth to a “marked increase” in the price indices of clothing and footwear (+10.50 percent); accommodation (+9.68 percent); and food, alcoholic drinks and tobacco (+9.15 percent). According to the statement, the […]

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UPDATED: 22 Dec 2023, 5:51 am

Macau’s tourist price index (TPI) rose 6.80 percent year-on-year in 2013, the Statistics and Census Bureau (DSEC) announced Wednesday.

A DSEC statement attributed the growth to a “marked increase” in the price indices of clothing and footwear (+10.50 percent); accommodation (+9.68 percent); and food, alcoholic drinks and tobacco (+9.15 percent).

According to the statement, the 2009/2010-based TPI “reflects the price changes of goods and services purchased by visitors.”

In the fourth quarter of last year, the TPI rose 6.33 percent year-on-year, namely due to higher hotel room rates and the rising cost of eating out. The accommodation index was up 13.22 percent.

Quarter-to-quarter, the TPI increased 10.41 percent in the last quarter of 2013. “Soaring” hotel room rates during the mainland’s National Day “Golden Week
” holidays, the Macau Grand Prix and Christmas holiday period pushed up the price index of accommodation by 35.86 percent quarter-to-quarter, the statement said.(macaunews)

UPDATED: 22 Dec 2023, 5:51 am

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