Hong Kong stocks movement | China Tourism Group Duty Free Corporation (01880) fell more than 4% in the afternoon as offshore duty-free sales remain under pressure in the short term, with market sentiment affected by macro consumer strength.

China Tourism Group Duty Free Corporation (01880) fell more than 4% in the afternoon, as of the time of writing, down 4.14%, trading at 50.9 Hong Kong dollars, with a turnover of 42.285 million Hong Kong dollars.

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As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.

① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.

cls.cnDec 26, 2024 00:37 ET

Short trips for the New Year and "combined leave" travel are on the rise, and tourism during the Spring Festival still appears to be booming.

① This year's New Year's holiday is relatively short, and it is said in the industry that most tourists will prefer short trips and "combine vacation" travels. Influenced by the "combine vacation," data from third-party platforms show that from December 28 to January 5, flight bookings increased year-on-year; ② Registration for long-haul outbound travel products for the Spring Festival has gradually closed, and it is expected that about 80% of the products for this winter vacation (including the Spring Festival) will see price decreases of 10% to 40%.

cls.cnDec 25, 2024 06:48 ET