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Express News | The joint statement of the China-USA Geneva Economic and Trade Talks has been released.
Express News | After the May Day Consumer surge, airports and hotels perform strongly. As of now, the Airline Services Sector has risen by 3.17%, while the Hotels and Resorts Sector has increased by 3.08%.
The record for the "hottest" in history has been refreshed, with the tourism market blossoming in multiple areas during the May Day holiday.
1. Multiple OTA platforms such as Qunar and TONGCHENGTRAVEL report that this year's "May Day" domestic tourism market has set a record for being the "hottest ever." 2. Orders for inbound travel during "May Day" have doubled, and some travel agency guides have already scheduled tours until late June. Cruise travel is recovering, and cabin availability for "May Day" voyages has sold out early.
WANDA HOTEL DEV: Annual Report 2024
Hong Kong stock movement | TONGCHENGTRAVEL (00780) rose nearly 3%. Institutions claim that the company is further expanding its existing hotel management Business through acquisitions and entering the high-end market.
TONGCHENGTRAVEL (00780) rose nearly 3%. As of the time of writing, it has increased by 2.7% to HKD 20.9, with a trading volume of 78.8715 million HKD.
Lyon: TONGCHENGTRAVEL (00780) acquires the hotel management, operation, and design Business of WANDA HOTEL DEV (00169). Rating 'Outperform the market.'
The bank believes that Tongcheng can further expand its existing hotel management Business through acquisitions and enter the high-end market, covering hotel management and core online travel platform Business.