Macau hotel prices fell 50% in 2020

Impacted by the pandemic, the Tourist Price Index in the last quarter of the year fell by 15 per cent, according to the Statistics and Census Bureau.

Macau.- Hotel prices in Macau fell by almost 50 per cent year-on-year in 2020, according to a report from the Statistics and Census Bureau.

Tourism was severely impacted by border restrictions in the city as a result of the Covid-19 pandemic.

According to the Bureau, the Tourist Price Index for the fourth quarter of 2020 was down by 15.26 per cent, “mainly due to the lower hotel room and clothing prices.”

The authorities added: “The price index for the accommodation section (-49.89 per cent) recorded the biggest year-on-year decrease.

“The price indices fell for clothing and footwear (-12.49 per cent), as well as entertainment and cultural activities (-7.56 per cent)”.

Macau tourism, impacted by the pandemic

In a city that normally welcomes about three million visitors per month, the impact of border restrictions has been huge.

However, there has been a gradual improvement in the number of arrivals. According to the latest official figures, in November Macau received just over 600,000 visitors, down 78.1 per cent compared to the same period last year.

But this was welcomed as good news after a year that registered only 5,237,441 visitors January to November, a drop of 85.6 per cent compared to the same period in 2019. In 2019, Macau received almost 40 million visitors.