Tuesday, May 21, 2024

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Macau’s Tourist Price Index up 4.7% in 1Q24 driven by hotel room rates

Macau’s Tourist Price Index (TPI) for the first quarter of 2024 increased by 4.68 percent year-on-year to 144.68, according to information from the Statistics and Census Service (DSEC).

Macau’s Tourist Price Index surges 26 percent in 4Q23 due to hotel prices

Macau’s Tourist Price Index (TPI) for 4Q23 increased by 26.2 percent year-on-year to 150.5. The rise was driven by higher hotel room rates, clothing, jewelry, and rising charges for restaurant services.

Melco debuts NORDAQ water filtration system in its IRs

Melco Resorts & Entertainment has become the world’s first hospitality group and integrated resort operator to launch the NORDAQ water purification and bottling solution across its global property portfolio, including at its properties in Macau, the Philippines and Cyprus.

MegaPari NPS survey reveals player preferences

One of the remarkable findings from the MegaPari NPS survey relates to player preferences for bonuses. Out of the respondents, 37.5 percent e indicated a preference for free bets, while 31.8 percent expressed a liking for free spins.

Non-gaming performance in Macau encouraging, with operators making historically high daily earnings

Macau's gaming operators are having some very positive feedback from the non-gaming push. Morningstar Senior Equity Analyst Jennifer Song told AGB that at least two gaming operators in Macau recorded historical high daily earnings while holding concerts in their properties.

Macau tourist price index slowed in 4Q22 by the drop in hotel room prices

A decrease in the average hotel room rates in Macau has slowed the overall increase in Macau’s tourist price index during the fourth quarter of 2022.

Macau Tourist Price Index registers marginal drop  

The Macau Tourist Price Index for the third quarter of 2022 dropped by 0.93 percent year-on-year to 115.50, mainly attributable to lower hotel room rates and reduced charges for restaurant services. 

Macau accommodation prices down 14.7% in third quarter

Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index for the third quarter of 2020 dropped by 11.40 prices year-on-year, including a more than 14.7 percent fall in accommodation prices.