Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index (TPI) for the second quarter of 2022 dropped by 1.77% year-on-year to 114.87. The decrease was mainly attributable to lower hotel room rates, as well as reduced prices of handbags and watches. Among the various sections of goods and services, price index of Accommodation fell markedly by 15.03% year-on-year, and the indices of Clothing & Footwear (-2.90%) and Transport & Communications (-2.50%) also registered a drop.
In comparison with the previous quarter, TPI for the second quarter of 2022 went down by 1.79%. Price index of Accommodation declined by 19.79% quarter-to-quarter due to receding hotel room rates, whereas the index of Clothing & Footwear grew by 6.57% on account of new arrival of summer clothing.
The average TPI for the last four quarters ended the second quarter of 2022 rose by 0.31% from the previous period. Price indices of Entertainment & Cultural Activities and Restaurant Services increased by 13.21% and 3.41% respectively, while the indices of Accommodation and Clothing & Footwear dipped by 6.22% and 2.72%. For the first half of 2022, TPI dropped by 0.38% year-on-year, with the price index of Accommodation (-9.10%) recording a notable decrease.
TPI reflects the price change of goods and services purchased by visitors. Sections of TPI goods and services are selected according to the consumption pattern of visitors, namely Food, Alcoholic Beverages & Tobacco; Clothing & Footwear; Accommodation; Restaurant Services; Transport & Communications; Medicine & Personal Goods; Entertainment & Cultural Activities; and Miscellaneous Goods.