China's Mid-Autumn Holiday Offers Weaker Prospects for Online Travel Companies, Jefferies Says
Ctrip (09961.HK): Museum ticket orders during the Mid-Autumn Festival are 15% higher than during the Dragon Boat Festival.
Ctrip (09961.HK) announced a summary of this year's Mid-Autumn Festival holiday travel, indicating that short-haul trips are the main focus of this year's Mid-Autumn Festival holiday. In terms of local travel, the ticket orders for museums in various places have increased by 15% compared to the Dragon Boat Festival holiday. At the same time, the last day of the Mid-Autumn Festival holiday coincides with the first day of the National Day holiday when train tickets go on sale. From the perspective of Ctrip's train ticket reservations, the high-speed rail tickets for many popular destinations were in high demand on that day. (vc/u)~
"Da Hang" Goldman Sachs: The impact of crackdown on money changers on Macau's gambling revenue is limited. The booking rate for silver entertainment and MGM National Day golden week is over 90%.
Goldman Sachs released research reports indicating that although all Macau gambling companies recognize the macro challenges brought by slowing consumer demand and its impact on the sales performance of their mall tenants. However, they also pointed out that the demand for gambling in all market segments remains resilient, the scale of bets remains stable, and the number of gamblers continues to grow, although some high-stakes gamblers have become more cautious about spending. Although the management of Ctrip-S (09961.HK), a mainland travel booking website, previously stated that the popularity of Hong Kong and Macau among mainland tourists has declined. However, Galaxy Entertainment (00027.HK) and MGM China (02282.HK) have revealed that hotel room bookings were strong during the National Day Golden Week.
Guosen Securities: The overall operation of the travel chain is flat, embracing a high-quality leader with outstanding member traffic.
The overall performance of the travel chain company in the first half of the year was relatively flat, but the leading operation with the advantage of online platform traffic still clearly leads the large cap in the industry index, while also having the advantage of brand and membership traffic. Quality leading companies with efficient operation, mainly through franchise expansion, continue to show good alpha growth.
It is expected that the total number of domestic passenger flights during the National Day holiday will reach 0.115 million, an increase of 6.2% compared to the previous year.
According to data from third-party platforms cited by domestic media, the total number of domestic passenger transport during this year's National Day holiday is expected to reach 0.115 million flights, with a daily average annual growth rate of 6.2% and an 11.2% increase compared to 2019. The data also indicates that the average one-way airfare (including tax) within China during the Mid-Autumn Festival holiday this year is about 770 yuan, a price drop of about 25% compared to the three days before the Mid-Autumn Festival and National Day holidays last year. (js / w) ~
Hong Kong stock concept tracking | Mid-Autumn Festival holiday is approaching, the tourism market is again experiencing a small peak (with concept stocks)
The National Immigration Administration predicts that the average daily number of inbound and outbound tourists during the Mid-Autumn Festival holiday will increase by 21.9% compared to the same period last year.