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Express News | The holiday arrangements for 2025 are here: both the Spring Festival and Labor Day have been extended by 1 day.
Express News | The Legislative Council of the Hong Kong Special Administrative Region has passed a bill to reinstate the 3% hotel room tax.
China Merchants Securities: Slight increase in National Day travel, volume increase, price stability, and trend towards improvement.
China Merchants Securities released research reports stating that during the 2024 National Day holiday, domestic tourism visits increased by 5.9% year-on-year, domestic tourism revenue increased by 6.3% year-on-year. Overall, domestic income and visits during the National Day period are steadily improving. The average travel expenditure per person has already approached the level of the same period in 2019, and the overall travel data meets market expectations.
China International Capital Corporation: During the National Day holiday, various consumer data saw a significant year-on-year growth. Categories such as household appliances, gold, and jewelry showed impressive performance.
In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.
WANDA HOTEL DEV: Interim Report 2024
Hong Kong stock concept tracking | Countdown to National Day 'Golden Week'! The number of travelers is expected to reach a new high. Pay attention to investment opportunities in the travel industry chain (with concept stocks).
China Galaxy Securities believes that if the weather improves during the National Day holiday, the pent-up tourist demand is expected to be released, combined with the low base of last year, there is hope for both month-on-month and year-on-year increases.
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