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Hong Kong stock concept tracking | China's tourism industry has significantly recovered. OTA platforms continue to see high performance growth (concept stock attached)
On November 12, the State Council issued a decision to amend the "National Holidays and Memorial Days Holiday Regulations", including extending the Spring Festival and May Day holidays by one day each, adjusting and modifying the general work duration to not exceed 6 days before and after statutory holidays.
Hong Kong stock concept tracking | In 2024, the international tourism industry is expected to achieve or exceed the scale of 2019. The continued benefits to the tourism OTA platforms (including concept stocks).
OTA platforms will continue to benefit from the high growth of inbound and outbound travel as well as the prosperity of domestic travel.
Ctrip: 2025 statutory holidays announced, New Year's Eve ticket search popularity increased by 2.5 times.
After the announcement, the ticket search volume on the Ctrip platform during the Spring Festival in 2025 increased by 1.7 times, and the ticket search volume on New Year's Eve increased by 2.5 times.
Express News | The holiday arrangements for 2025 are here: both the Spring Festival and Labor Day have been extended by 1 day.
China's tourism consumer market is coming back with favorable timing, location, and people. Which areas are worth paying attention to in the future?
Recently, the government has introduced a series of heavyweight policies aimed at stimulating economic recovery, with a major focus on stimulating consumer spending. And within consumer spending, tourism consumption is an important sector.
Hong Kong stock concept tracking | Tourism demand remains resilient, institutions bullish on OTA platform performance improvement (including concept stocks)
Before the 2024 National Day holiday, the cross-regional personnel flow of the whole society in the first 6 days is approximately 1.74 billion, an increase of 3.2% year-on-year, with overall demand remaining strong.
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