Zheshang 24Q4 social service Industry performance forecast: stable overall, structural bottoming, innovation accelerating.
The offline big cycle is approaching, with macroeconomics, pricing, and Consumer policies providing support. Innovation drives this round of transformation in the service Industry, and the upgrade of experience drives sales efficiency and profits beyond expectations.
Hong Kong stocks are moving differently | Travel Concept stocks rose in the afternoon as the State Council proposed multiple measures to promote the cultural tourism industry, with travel demand expected to be concentrated during the Spring Festival.
Travel Concept stocks rose in the afternoon. As of the time of writing, TONGCHENGTRAVEL (00780) is up 4.5%, quoted at 18.58 Hong Kong dollars; China Tourism Group Duty Free Corporation (01880) is up 4.01%, quoted at 47.95 Hong Kong dollars; TRIP.COM-S (09961) is up 1.75%, quoted at 505 Hong Kong dollars; CHINA TRAVEL HK (00308) is up 1.06%, quoted at 0.95 Hong Kong dollars.
Hong Kong Stock Concept Tracking | The State Council has issued an important document! Enrich the supply of inbound tourism products and travel demand is expected to be concentrated during the Spring Festival (with concept stocks attached).
Recently, the General Office of the State Council issued "Several Measures on Further Cultivating New Growth Points to Prosper Consumer in Culture and Tourism," proposing 18 specific measures in 6 areas.
HAITONG SEC: The passenger volume during the Spring Festival transportation is expected to set a new record, and the significant increase in inbound tourism may become a highlight of travel during the Spring Festival in 2025.
During the Spring Festival travel season (January 14 - February 22), the passenger volume of Railroads and civil aviation is expected to reach new heights; the "visa-free zone" continues to expand, and high growth in inbound tourism may become a major highlight of the 2025 Spring Festival travel market.
The potential of "China Travel": there is still an annual increase of 200-350 billion RMB.
Bank of America predicts that if the proportion of tourism exports to GDP in China can catch up to the levels of South Korea or Japan, it will bring more than 20-350 billion yuan in income to China's tourism industry.
China International Capital Corporation's outlook for the 2025 Spring Festival travel period and tourism: steady growth.
Longer holidays allow everyone to return home and go on vacation at the same time, whether the travel demands are domestic or cross-border, both are quite strong.
