Tourist Price Index (TPI) for the 1st Quarter 2011

Starting from the first quarter of 2011, the Statistics and Census Service released the new series of Tourist Price Index (TPI) rebased to October 2009 – September 2010. TPI (112.88) for the first quarter of 2011 rose by 14.58% year-on-year; the increment was led by accommodation services that contributed 8.7 percentage points to the TPI increase. Price index of Accommodation (+32.05%); Miscellaneous Goods (+21.49%); Food, Alcoholic Beverages & Tobacco (+10.21%) and Restaurant Services (+7.35%) recorded notable increase, attributable to soaring hotel room rate and charges for restaurant services during the Lunar New Year, as well as dearer prices of food and gold jewellery. On the contrary, price index of Entertainment & Cultural Activities; and Clothing & Footwear decreased by 0.92% and 0.87% respectively. TPI for the first quarter of 2011 increased by 4.74% quarter-to-quarter, of which the price index of Accommodation; Food, Alcoholic Beverages & Tobacco; and Restaurant Services increased by 12.43%, 6.21% and 4.73% respectively. On the other hand, price index of Clothing & Footwear decreased by 4.00%. The average TPI for the last 4 quarters ended the first quarter of 2011 increased by 12.45% from the previous period, with marked increase being observed in the index of Miscellaneous Goods (+22.12%) and Accommodation (+21.39%). However, index of Entertainment & Cultural Activities registered a decrease of 0.24%. The 2009/2010-based TPI reflects the price changes of goods and services purchased by visitors. The sections of goods and services of TPI 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.

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