Director Kowie Geldenhuys

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Tourists spending more than before PDF Print E-mail
Tuesday, 15 July 2008

The Tourist Price Index (TPI) for the second quarter of this year was 143.55, up by 10.77 percent year-on-year.
According to figures released yesterday by the Statistic and Census Bureau, they show that the price indices of miscellaneous goods, restaurant service, and food, as well as alcoholic drinks and tobacco surged significantly by 27.59 percent, 12.10 percent and 10.02 percent, respectively.
The increments were attributable to dearer jewellery prices driven by rising gold prices, higher charges of restaurant service and a general increase in the prices of  food and alcoholic beverages.
On the other hand, the price index of accommodation recorded a decrease of 2.01 percent, on account of lower hotel room rates due to the absence of Easter holidays that fell in the first quarter of this year and the reduced number of holidays of the Labour Day olden Week .
Compared with the first quarter of this year, TPI fell by 1.54 percent in this quarter, with the price index of accommodation decreasing by 16.02 percent.
On the other hand, the price indices of food, alcoholic drinks and tobacco, as well as clothing and footwear rose by 4.02 percent and 3.64 percent, respectively.
The average TPI for the last four quarters ended the second quarter of this year increased by 11.55 percent over the previous period. In the first half of this year, TPI increased by 12.90 percent year-on-year.
According to the figures released yesterday, TPI reflects the price changes of goods and services purchased by visitors, which is compiled based on the consumption pattern of visitors.

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