In the first quarter of Macao, the tourist price index dropped by about 15%. What happened?

According to the relevant survey data of the Statistics and Census Bureau of the Macao Special Administrative Region Government, the tourism price index of Macao in the first quarter of 2002 1 15.78, down 15. 16% year-on-year. According to the Macao authorities, the main reasons for the decline in Macao's tourism index in the first quarter were the decline in hotel accommodation prices and the decline in Macao's hand-made cakes and air tickets, but at the same time, due to the general increase in Macao's jewelry prices in the first quarter of this year, the price increase here just offset some of the decline. ?

From the data point of view, since 2020, the tourism price index of Macao has begun to drop significantly, and this year's decline is even more obvious. Then, what is the reason for the obvious downward trend of tourism prices in the first quarter of this year? I think there are probably several aspects:

1. Since the outbreak of the epidemic, the severe global epidemic prevention situation has restricted the overall development of tourism in Macao. Macao is a world-famous gambling city, and the development of gambling industry has become an important pillar industry of Macao's economic development. The normal operation of casinos requires the gathering of popularity and the circulation of wealth. Before the outbreak of Macao, the popularity of tourists from all over the world in Macao was full.

According to official data, in the first two months of 20021,the number of people entering Macao was 983,900, a year-on-year decrease of 67.3%. This shows that although the epidemic prevention work in Macao is effective at present, the great pressure of epidemic prevention and control work around the world has not been alleviated, and the flow of tourists to Macao is obviously not as good as before, which is extremely unfavorable to the improvement of Macao's overall economic environment. The overall decline in tourism will naturally lead to a decline in Macao's tourism price index.

2. Insufficient passenger flow, sluggish accommodation industry and lower accommodation prices have become the main reasons for the decline in tourism prices in Macao.

According to the official data released by Macao, in the first two months of 20021,the number of hotel and apartment guests was 833,000, down by 32.5% year-on-year, and the average occupancy rate of rooms decreased by 10.9 percentage points to 39.4%.

Interpreting this data, we can see that the number of tourists in Macao has dropped sharply, which has led to a serious decline in the occupancy rate of the hotel industry. In order to stabilize the business situation, the hotel intends to promote the enthusiasm of tourists and promote the growth of performance through the form of room price reduction promotion, but the effect is not ideal. The lack of comparative passenger flow is the key factor causing the serious decline of tourism prices in Macao.

3. Is Macao's economic development due to its single economic structure? Stuck in the neck? Pain point. Macau is known as the Oriental Casino, and the annual economic benefit of the gambling industry is much better than that of Las Vegas. But overall, Macao's economic structure is single, its industrial chain is incomplete, its service industry is developed, and its ability to resist external challenges is weak. Therefore, its economy is seriously affected by the epidemic, and its economic structure needs to be further improved in the future to promote and stabilize its development.