Despite a high P/S ratio, shareholders remain confident in future revenues of SSAW Hotels & Resorts GroupLtd. The company's forecasted revenue growth, higher than the rest of the Hospitality industry, is keeping the P/S high, making a strong share price drop unlikely in the near future.

I.2023 Travel Tourism New Trends
Since December 2022, along with the cancellation of PCR testing and allowing test positive to quarantine at home, domestic travel restrictions have now been fully liberalized. In the future, immigration is not ruled out and will gradually liberalize.
Concerning domestic travel trends, the data from Mafengwo shows that in 2021, about 70% of free-traveling users will choose to travel by car after heavy t...