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Hong Kong stock concept tracking | China's tourism industry has significantly recovered. OTA platforms continue to see high performance growth (concept stock attached)
On November 12, the State Council issued a decision to amend the "National Holidays and Memorial Days Holiday Regulations", including extending the Spring Festival and May Day holidays by one day each, adjusting and modifying the general work duration to not exceed 6 days before and after statutory holidays.
China Travel International Investment Hong Kong (HKG:308) Seems To Use Debt Quite Sensibly
China's tourism consumer market is coming back with favorable timing, location, and people. Which areas are worth paying attention to in the future?
Recently, the government has introduced a series of major policies aimed at stimulating economic recovery, with a focus on stimulating consumer spending. And within consumer spending, tourism consumption is a key sector.
Domestic Tourism Spending in China Rises 6% During National Day Holiday
China Merchants Securities: Slight increase in National Day travel, volume increase, price stability, and trend towards improvement.
China Merchants Securities released research reports stating that during the 2024 National Day holiday, domestic tourism visits increased by 5.9% year-on-year, domestic tourism revenue increased by 6.3% year-on-year. Overall, domestic income and visits during the National Day period are steadily improving. The average travel expenditure per person has already approached the level of the same period in 2019, and the overall travel data meets market expectations.
China International Capital Corporation: Significant year-on-year growth in various consumer data during the National Day holiday, with impressive performance in categories such as household appliances, gold, and jewelry.
In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.
China Travel International Investment Hong Kong (HKG:308) Stock Falls 5.8% in Past Week as Five-year Earnings and Shareholder Returns Continue Downward Trend
