01701 TU YI HLDG
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TU YI HLDG News
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'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.
National Day travel prices are easing! Domestic and international air ticket prices have dropped by about 20%, with the prices of outbound tours from travel agencies down by nearly 30% year-on-year.
①Several travel agencies have stated that travel prices during this year's National Day holiday have significantly decreased. Some travel agencies have reported a 20-30% drop in overall outbound travel prices, while OTA platforms show a 20% year-on-year decrease in domestic and international flight prices; ②The civil aviation market has added more flights, with some routes for the National Day holiday by Southern Airlines being sold out in advance, and Eastern Airlines reporting ticket bookings exceeding 70% for multiple National Day departure routes as of September 28.
TU YI HLDG: 2024 Interim Report
Is the Mid-Autumn Festival tourism market not booming? The prices of airfare and hotels are the same as the off-season, and long-distance outbound tours during the National Day holiday are still popular.
From the perspective of OTA platforms and travel agencies, the prices of air tickets, hotels, and travel products during the Mid-Autumn Festival holiday this year are basically the same as usual. Long-haul outbound tours during the National Day holiday are still popular, with popular products from travel agencies such as Chunqiu Travel and utour group selling out.
Tu Yi Holdings (01701) announced its interim results, with a net profit attributable to shareholders of 4.596 million yuan, a year-on-year increase of 69.2%.
tu yi hldg (01701) released its interim results for the six months ended June 30, 2024, with group revenue of RMB...
TU YI HLDG: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
China Continues To See Rising Number Of Foreign Visitors, Thanks To Favourable Policies
Tu Yi HLDG (01701.HK) will hold a board of directors meeting on August 30 to approve comprehensive performance.
Tu Yi Hldg (01701.HK) announced on August 14 that the board of directors meeting will be held on August 30, 2024, to consider and pass the unaudited comprehensive performance of the group for the six months ending June 30, 2024, as well as to consider distributing interim dividends (if any).
TU YI HLDG: NOTICE OF BOARD MEETING
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.
CITIC Securities: Domestic tourism is expected to remain stable this summer, while the demand for outbound tourism continues to recover.
Domestic tourism during the summer is expected to remain stable, while demand for outbound tourism continues to recover. The resilience of leisure travel consumption demand continues to be validated.
Guosen Securities: Top scenic spots are expected to benefit from the structured dividends of China's population and urbanization.
Short-term head scenic area passenger flow shows resilience, and related summer resort products are expected to benefit directly from high temperatures in the summer. At the same time, in the next 2-3 years, head scenic areas will successively enter the new project production stage, with the potential to benefit from the structured demographic and urban dividends in the medium term.
In May, Hong Kong Tourism Board received 3.3985 million visitors, an increase of 20.2% year-on-year.
A total of 18.0186 million visitors visited Hong Kong in the first five months, a year-on-year increase of 77.8%.
Travel Ease Taking More Chinese Tourists Overseas
GF Securities: Frequent travel policies combined with the peak summer season may further increase the popularity of the sector
We are about to enter June. After the Dragon Boat Festival holiday, the peak summer season will follow. The travel sector will soon experience a peak in passenger traffic in June-August.
Ministry of Culture and Tourism: 295 million domestic tourists traveled during the “May 1st” holiday
The Zhitong Finance App learned that on May 6, the Ministry of Culture and Tourism released data showing that during the 2024 “May 1st” holiday, the national culture and tourism market was generally stable and orderly.
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