HK Eyes 60% Tourism Growth By 2029 In New Blueprint
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.
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%.
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.
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.
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.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
