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International tourist arrivals in Macau increased by 122.0% year-on-year from January to July.
On August 13th, according to temporary data provided by the Macau Special Administrative Region Government Tourism Bureau, there were approximately 1.3416 million international tourist arrivals from January to July, an increase of 122.0% year-on-year, and a recovery to 68.1% of the same period in 2019.
Hong Kong stocks anomalous | Summer tourism market demand still has resilience, Ctrip Group-S (09961) rose nearly 5%, Tongcheng Travel (00780) rose nearly 4%.
Travel concept stocks continue to rise, as of press time, Ctrip Group-S (09961) rose 4.13%, reported HKD 333; Tongcheng Travel (00780) rose 3.77%, reported HKD 13.78.
Hong Kong stock concept tracking| National Bureau of Statistics: Strong demand for summer travel, OTA platforms are the absolute beneficiaries of the tourism market growth (with concept stocks)
According to the National Bureau of Statistics, the demand for summer travel is strong, with airplane tickets, travel and lodging prices rising by 22.1%, 9.4% and 5.8% respectively. These increases are higher than the average level of the same period over the past ten years.
OTA platform stocks show strength, Ctrip Group (09961) rose 4.68%. The State Council issued a document supporting tourism consumption, and the summer tourism market demand still has resilience.
OTA platform stocks are strong, with Ctrip Group (09961) up 4.68% at HKD 330.8, and Tongcheng Travel (00780) up 4.2% at HKD 13.88. Citigroup published a report stating that the State Council's "Opinions on Promoting High-quality Development of Service Consumption" are positive for the mainland's internet and media industries. The opinions expound on the support direction for catering and lodging, tourism, entertainment, and digital consumption. The bank expects service consumption, including entertainment consumption such as music, movies, online games, and esports, tourism, and local services, to remain resilient in a weak macro environment.
Zhitong Hong Kong Stock Early Access | Overnight, the three major stock indexes of the US stock market collectively fell sharply. Five departments: strengthen financial support for the comprehensive revitalization of rural areas special action.
Recently, the People's Bank of China, the General Administration of Financial Regulation, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs jointly issued a notice on carrying out a special action to strengthen financial support for the comprehensive revitalization of rural areas by learning from the experience of the 'Millions of Project'.
Tongcheng Travel Holdings (HKG:780) Shareholders Have Endured a 27% Loss From Investing in the Stock a Year Ago
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