TCOM250117C45000
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Trip.com Newsroom
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%.
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As the Spring Festival holiday approaches, the tourism Industry is expected to pick up, and these Concept stocks are frequently being investigated.
The Spring Festival holiday is from January 28 to February 4, 2025, totaling 8 days.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
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Ctrip Group (09961) rebounded nearly 3% as China's transit visa-free policy was relaxed and optimized, extending the stay duration to 240 hours.
Jinwu Financial News | Trip.com Group (09961) stock price rebounded, as of the time of publication, it rose by 2.76%, reported at 576.5 Hong Kong dollars, with a transaction amount of 0.307 billion Hong Kong dollars. China's transit visa exemption policy has been relaxed and optimized, with the duration extended to 240 hours, and 21 additional applicable ports added. Half an hour after the announcement, the search popularity for Chinese related destinations on Trip.com's overseas platforms in Europe, the Americas, and the Asia-Pacific region increased by 85%, 163%, and 116% respectively. In particular, France, Canada, and Russia ranked as the top three in terms of search popularity increase.
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In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
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On the Qunar platform: This year's ticket booking volume for foreign travelers has nearly doubled compared to last year.
Starting from December 17, the transit visa exemption policy will be fully relaxed and optimized, extending the stay duration for exempt foreign nationals in the country from the original 72 hours and 144 hours to 240 hours.
Hong Kong stocks concept tracking | China has fully relaxed and optimized the visa-exemption policy for transit, benefiting travel OTA platforms the most (including concept stocks).
On December 17, the National Immigration Administration announced that from now on, the transit visa-free policy will be fully relaxed and optimized, extending the stay duration for transit visa-free foreigners from the original 72 hours and 144 hours to 240 hours (10 days), while adding 21 ports as entry and exit points for transit visa-free individuals, and further expanding the areas for activities during their stay.
Billion-dollar government Fund, trillion-dollar Consumer market! The ice and snow industry is "fully powered up".
① As December arrives, ski resorts and ice rinks across the country enter a peak operation period, with A-share ice and snow Concept stocks performing actively, and several individual stocks reaching new price highs. ② Recently, Jilin Province proposed to increase financial support and establish an investment Fund for the ice and snow industry with 1 billion yuan, coordinating various types of financial specialized support for the ice and snow economy amounting to 0.5 billion yuan.
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