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]