Core Viewpoint - The average tourism price index in Macau is projected to increase by 1.71% year-on-year in 2025, primarily driven by rising prices in jewelry and entertainment, while a decrease in hotel room rates offsets some of the increase [1] Group 1: Price Index Changes - The price index for miscellaneous items (such as jewelry, watches, and crafts) and entertainment and cultural activities rose by 13.46% and 8.20% year-on-year, respectively [1] - Accommodation prices decreased by 2.88%, and prices for medicines and personal items fell by 1.93% [1] Group 2: Quarterly Price Index Analysis - The tourism price index for Q4 2025 increased by 4.95% compared to the same quarter in 2024, mainly due to rising prices in jewelry, hotel room rates, and airfare [1] - The price indices for miscellaneous items, accommodation, and transportation and communications rose by 17.33%, 7.33%, and 6.05% year-on-year, respectively [1] Group 3: Quarterly Comparison - Compared to Q3 2025, the Q4 tourism price index increased by 9.30%, with significant increases in hotel room rates during the National Day holiday and Grand Prix period, leading to a quarterly rise of 34.86% in accommodation prices [1] - The price indices for miscellaneous items, transportation and communications, and clothing also saw increases of 7.77%, 4.86%, and 4.37%, respectively [1]

Core Viewpoint - The tourism price index in Macau for Q3 2025 shows a year-on-year decline of 0.82%, primarily due to a decrease in hotel room rents, although increases in jewelry prices and entertainment expenses partially offset this decline [1] Price Index Summary - The accommodation price index experienced a significant year-on-year drop of 11.34%, while miscellaneous items (including jewelry, watches, and crafts) and entertainment and cultural activities saw increases of 8.02% and 7.42% respectively [1] - Compared to the previous quarter, the tourism price index rose by 2.12%, driven by increased hotel room rents and airfare during the summer, leading to a 9.66% rise in accommodation and a 2.89% rise in transportation and communications price indices [1] - The average tourism price index over the last four quarters increased by 0.69%, with miscellaneous items showing a notable increase of 12.09%, while accommodation and personal care products saw declines of 6.00% and 1.94% respectively [1] - For the first three quarters of the year, the tourism price index rose by 0.57% compared to the same period last year [1]