Lack of consumer willingness, china tourism group duty free corporation's performance continues to decline. Net profit in Q3 decreased by 50% year-on-year. interpretations

1. China Tourism Group Duty Free Corporation's Q3 quarterly net income attributable to parent company decreased by over fifty percent year-on-year, with insufficient consumer consumption willingness as the main reason for the decline; 2. Industry insiders said that various tax-free consumption indicators may continue to decline slowly in the short term.

cls.cnOct 30 08:16 ET

Is it caused by the diversion of outbound consumption? Hainan's offshore duty-free sector is under pressure, operating companies are seizing opportunities in the peak season of Q4. | Industry Dynamics

During this year's National Day holiday, the amount of duty-free shopping in Hainan off-island was 0.785 billion yuan, showing some pressure on overall performance. The main reasons include customer pursuit of cost-effectiveness, the rise of domestic brands squeezing the duty-free market share, diversion of outbound consumption, etc. China Tourism Group Duty Free Corporation indicated that it will further optimize the product structure and maintain a high proportion of high-margin products.

cls.cnOct 9 05:46 ET

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.

cls.cnSep 30 03:10 ET

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.

cls.cnSep 7 22:36 ET

Hainan's offshore duty-free pressure, China Tourism Group Duty Free Corporation's revenue and net profit both declined. Analysts believe that the impact of the new tax-free policy in the city is limited. | Interpretations of financial reports

①This year, China Tourism Group Duty Free Corporation's revenue decreased by 12.81% YoY, and net income attributable to shareholders decreased by 15.07% YoY; ②Recently, several departments issued a notice on improving the policy of downtown duty-free shops, and the Hainan Provincial Department of Commerce hosted the distribution of Hainan Province's 'flight ticket + duty-free' consumer vouchers; ③Analysts believe that the new policy of downtown duty-free shops has a narrow range of customer base and limited impact on the duty-free market.

cls.cnAug 30 08:00 ET

The frequency and amount of consumer spending have increased, and tongchengtravel's Q2 quarterly revenue has reached a new high. | Read the announcement quickly.

In Q2 of this year, Tongcheng Travel achieved a revenue of 4.25 billion yuan, a record high. The main businesses of transportation ticketing and lodging also achieved a quarterly historical high. According to the data provided by the company, the consumption frequency and per capita consumption amount of its users have both increased. As of Q2, the annual per capita consumption frequency of users has increased from 6.6 times in the same period of 2023 to 8.1 times.

cls.cnAug 20 07:49 ET