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Guolian Minsheng Securities: The willingness to travel during the May Day holiday continues, pay attention to opportunities in domestic demand supported by policies.
The willingness to travel during the May Day holiday continues, with sustained high growth in both inbound and outbound tourism, as well as trends of deeper domestic destinations and a younger tourist demographic.
SWHY: The tourism Consumer performance during the May Day holiday exceeded expectations, and travel experience Consumer spending is heating up.
The tourism Consumer performance during the May Day holiday exceeded expectations, and the travel experience consumption is heating up. In terms of the reception capacity of tourist destinations, the reception capacity for rural tourism has strengthened, and the number of visitors from first and second-tier cities is penetrating into lower-tier cities.
BTG Hotels (600258): In Q1 2025, the net income attributable to the parent company showed strong performance, while REVPAR faced pressure and the pace of opening new stores accelerated.
The company released its Q1 2025 quarterly report, achieving a revenue of 1.765 billion yuan, a year-on-year decrease of 4%. The net income attributable to the parent company reached 0.143 billion yuan, a year-on-year increase of 18%, and the net income excluding non-recurring items was 0.109 billion yuan, a year-on-year increase of 1%.
BTG Hotels (600258): Store opening quality is rebounding, patiently awaiting the recovery of business travel demand.
Event: The company achieved a revenue of 1.76 billion yuan in the first quarter of 2025, a year-on-year decrease of 4.3%. The net profit attributable to the parent company was 0.14 billion yuan, an increase of 18.4% year-on-year. The net profit excluding non-recurring items was 0.11 billion yuan, a year-on-year increase of 12.
BTG Hotels (600258): Net income grew by 18% in the first quarter, gradually entering a new phase of standard store expansion.
In the first quarter of 2025, revenue decreased by 4% year-on-year, while net income increased by 18%. In Q1 2025, the company's revenue was 1.765 billion yuan, a year-on-year decrease of 4.34%; the attributable net income was 0.143 billion yuan, an increase of 18.37% year-on-year.
First Travel Hotel: Beijing First Travel Hotel (Group) Co., Ltd. First Quarter Report 2025