{"id":3693,"date":"2022-04-18T17:18:32","date_gmt":"2022-04-18T17:18:32","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/tourist-offer-prices-increase-7-5-in-the-first-quarter-of-the-year"},"modified":"2022-04-18T17:42:54","modified_gmt":"2022-04-18T17:42:54","slug":"tourist-offer-prices-increase-7-5-in-the-first-quarter-of-the-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/tourist-offer-prices-increase-7-5-in-the-first-quarter-of-the-year","title":{"rendered":"Tourist offer prices increase 7.5% in the first quarter of the year"},"content":{"rendered":"

Africa-Press – Cape verde. <\/strong><\/span>In the first quarter of 2022, the year-on-year rate of change recorded by the IPT (tourist price index) was 7.5%, a result that was 6.9 percentage points (pp) higher than the previous quarter, the INE said today.<\/p>\n

According to the same source, the quarterly variation observed in the first quarter of 2022 was 7.6%, 4.3 pp higher than the value recorded in the previous quarter, which showed a variation of 3.3%, reflecting the seasonality pattern of this indicator. In the first quarter of 2021, this variation had been positive and less intense (0.7%), standing 6.9 pp below the current one.<\/p>\n

Quarterly year-on-year change<\/p>\n

Data from INE also show that the category of Hotels, Cafes and Restaurants showed a year-on-year change of 7.6%, 7.0 pp above that of the previous quarter. This variation corresponded to a contribution of 7.5 pp to the variation of the IPT Total.<\/p>\n

It should be noted, according to the same source, that the Accommodation component, which corresponds to 67.8% of tourist expenditure, with special emphasis on Hotels, which corresponds to 64.5% of total tourist expenditure, recorded a positive contribution (15.8 pp) of the same sign as in the previous quarter.<\/p>\n

Restaurants, whose weight represents around 31.1% of tourist expenditure, had a negative contribution (-0.7 pp) with the same sign (-0.7 pp) as in the previous quarter (Graph 2).<\/p>\n

Furthermore, the price movement of overnight stays in hotels (with a contribution of 15.8 pp), of pensions (these with a greater positive contribution of (0.01 pp) and of hostels (with a contribution of 0.001 pp, were, according to INE, \u201ccompletely determinant\u201d for this behavior of the total IPT.<\/p>\n

One IPT component contributed in the same direction as the others: Caf\u00e9 bars and similar (0.3 pp). It is also worth noting three components of the IPT that presented negative contributions: Restaurants (-0.68 pp), and Tourist Villages (-0.39 pp) and Apartment Hotels (-0.09). The average price level of the remaining components remained practically constant in relation to the same quarter of the previous year.<\/p>\n

quarterly variation<\/p>\n

The rate of change in the quarter under analysis was 7.6%, says the INE, 4.3 pp higher than that recorded in the previous quarter, when it stood at 3.3%. In the same quarter of the previous year, there was a positive chain change of 6.9 pp compared to the fourth quarter of 2020.<\/p>\n

\u201cThese results are the consequence of seasonal movements of a monthly nature, with a particular focus on the Accommodation component\u201d.<\/p>\n

Specifically, the variation in this quarter compared to the previous one reveals an increase in the prices of Accommodation Services, as evidenced by the data.<\/p>\n

In the services provided by Hotels, there was an increase in prices of around 12.3%, Pousadas 4.0, Pensions 2.2% and Residential 0.2%.<\/p>\n

In the services provided by Apartment Hotels and Tourist Villages, there were price decreases (respectively -14.6% and -1.7%). Restaurants (0.2%) and Caf\u00e9 Bars and Similar (0.4%) presented price increases. In the remaining tourist services, there were no changes compared to the previous quarter.<\/p>\n

For More News And Analysis About Cape verde<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Cape verde. In the first quarter of 2022, the year-on-year rate of change recorded by the IPT (tourist price index) was 7.5%, a result that was 6.9 percentage points (pp) higher than the previous quarter, the INE said today. According to the same source, the quarterly variation observed in the first quarter of […]<\/p>\n","protected":false},"author":84,"featured_media":3692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,331,328],"class_list":["post-3693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-cape-verde","tag-cape-verde"],"yoast_head":"\nTourist offer prices increase 7.5% in the first quarter of the year - Cape Verde<\/title>\n<meta name=\"description\" content=\"In the first quarter of 2022, the year-on-year rate of change recorded by the IPT (tourist price index) was 7.5%, a resu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/tourist-offer-prices-increase-7-5-in-the-first-quarter-of-the-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourist offer prices increase 7.5% in the first quarter of the year - 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