Jinwu Financial News | Ctrip Group (09961) fluctuated and weakened. As of press release, it fell 3.06% to HK$485, with a turnover of HK$0.211 billion.
According to the news, Anxin International released a research report saying that domestic tourism revenue during the 2024 National Day holiday (7 days) was 700.8 billion yuan, in line with previous expectations, and increased 6.3% year-on-year under comparable standards (that is, average daily data). In terms of per capita travel spending, the National Day in 2024 is 916 yuan/person, which is the same as last year's National Day holiday (8 days), reflecting that travel consumption is still affected by weak macroeconomic spending. Domestic hotel and air ticket prices continued to rise and fall during the holiday season. The average daily passenger volume of domestic civil aviation was 2.3 million passengers, up 11% year on year, up 22% from the same period in 2019; economy class ticket price was 845 yuan, down 15% year on year. The average price of domestic hotels decreased 8%/2% yoy from 2019, but the year-on-year decline was narrower than in the 2nd quarter.
According to where to go data, at the end of the 11th holiday season, the travel market has entered a low season. On the Where to Go platform, the average domestic air ticket payment price from October 14 to 24 was reduced by more than 40% compared to the 11th period, or even lower than the low season in the first half of the year, which is a year-round low. Judging from where to book air tickets, there was a marked increase in the number of airline ticket reservations for elderly travelers after the 11th holiday. The proportion of travelers aged 55 and over has returned to around 10%, and the share is expected to continue to grow as migratory bird travelers fly south to spend the winter one after another.
