Information from the Statistics and Census Service (DSEC) indicated that there were 100 hotels and guesthouses operating in 2012, an increase of 5 year-on-year, comprising 67 hotels and 33 guesthouses. Due to the opening of several new hotels, number of persons engaged increased by 20% year-on-year to 39,647 at the end of 2012, with 31,695 (80% of total) working in 5-star hotels; meanwhile, the guesthouses had only 178 workers, less than 1% of the total. Rising number of hotels and guests drove up Receipts of the hotel industry to MOP 21.93 billion in 2012, up by 16% year-on-year. Room Sales, the major source of receipts, increased by 20% to MOP 10.25 billion, with 5-star hotels accounting for 78% of the total. Receipts from Food & Beverages (MOP 4.91 billion) and Rental of Space (MOP 3.83 billion) also registered year-on-year increase of 21% and 25% respectively. Expenditure of the hotel industry amounted to MOP 19.45 billion in 2012, up by 26% year-on-year, of which Non-operating Expenses (including depreciation of fixed assets, interest paid, etc.) increased by 31% to MOP 7.17 billion. Operating Expenses (MOP 8.97 billion) and Compensation of Employees (MOP 7.76 billion) together shared 86% of the total, up by 23% and 36% respectively year-on-year. Gross Value Added that measures the sectoral contribution to the economy was MOP 10.34 billion, up by 11% year-on-year. With the new hotels coming into operation, Gross Fixed Capital Formation tumbled by 50% year-on-year to MOP 8.24 billion in 2012.