{"id":777017247,"date":"2024-07-15T09:40:34","date_gmt":"2024-07-15T12:40:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017247"},"modified":"2026-04-22T08:11:13","modified_gmt":"2026-04-22T11:11:13","slug":"macau-hotel-price-index-drops-21-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-hotel-price-index-drops-21-in-q2","title":{"rendered":"Macau hotel price index drops 21% in Q2"},"content":{"rendered":"\n

The price index declined despite May Day Golden Week.<\/p>\n\n\n\n\n\n\n\n

Macau.- The\u00a0Statistics and Census Service (DSEC)<\/strong> has reported that Macau’s hotel price index was down 21.08 per cent quarter-on-quarter in the second quarter of the year despite the May Day Golden Week driving demand for hotel rooms. Macau\u2019s Tourist Price Index (TPI) also saw a quarter-on-quarter decline<\/a> of 2.57 per cent, primarily due to the decrease in hotel room rates.<\/p>\n\n\n\n

On a year-on-year basis, the TPI increased by 2.72 per cent<\/strong>, largely driven by higher restaurant charges and increased prices of clothing and footwear. The price index for restaurant services rose by 6.79 per cent year-on-year. However, the indices for entertainment and cultural activities and accommodation dropped by 14.92 per cent and 4.39 per cent, respectively.<\/p>\n\n\n\n

The average TPI for the four quarters ending in Q2 2024 rose by 13.14 per cent from the previous period, with accommodation prices seeing the most significant increase. This was largely attributed to the rebound in Macau\u2019s tourism sector following the lifting of travel restrictions in early 2023. In the first half of 2024, the TPI increased by 3.7 per cent year-on-year<\/strong>, although the index for entertainment and cultural activities registered a 15.10 per cent decrease.<\/p>\n\n\n\n

See also: <\/strong>Macau GGR to reach US$29bn this year, Goldman Sachs says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price index declined despite May Day Golden Week.<\/p>\n","protected":false},"author":176,"featured_media":22428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's hotel price index declined by 21.08% quarter-on-quarter in Q2 2024, despite the May Day Golden Week, while the Tourist Price Index (TPI) also saw a 2.57% QOQ decrease, primarily due to lower accommodation rates. However, the TPI increased 2.72% year-on-year, driven by higher restaurant charges and clothing prices, reflecting a broader tourism sector rebound post-2023 travel restrictions, with Goldman Sachs projecting Macau GGR to reach US$29 billion this year.","focusai_entities":"Statistics and Census Service (DSEC), Goldman Sachs","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on Integrated Resorts?","query":"How will the quarter-on-quarter decline in Macau's hotel price index and entertainment activity prices influence the non-gaming revenue diversification strategies and profitability margins of integrated resort operators?"},{"label":"TPI vs. GGR Correlation?","query":"What is the projected correlation between the observed year-on-year TPI increase, driven by F&B, and the Goldman Sachs forecast of US$29 billion GGR for Macau, particularly concerning high-value visitor segments?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777017247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777017247"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017247\/revisions"}],"predecessor-version":[{"id":777017260,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017247\/revisions\/777017260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22428"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}