Travel concept stocks generally rose in early trading. As of press release, Ctrip Group-S (09961) rose 10.14% to HK$380.2; Huazhu Group-S (01179) rose 5.12% to HK$31.85; Tongcheng Travel (00780) rose 2.66% to HK$21.2; and Fosun Tourism (01992) rose 3.65% to HK$3.69.
The Zhitong Finance App learned that travel concept stocks generally rose in early trading. As of press release, Ctrip Group-S (09961) rose 10.14% to HK$380.2; Huazhu Group-S (01179) rose 5.12% to HK$31.85; Tongcheng Travel (00780) rose 2.66% to HK$21.2; and Fosun Tourism Culture (01992) rose 3.65% to HK$3.69.
According to Ctrip data, according to Ctrip data, the popularity of domestic hotel searches during the Qingming holiday season completely surpassed the same period in 2019 and 2023, up 67% from last year; airline ticket search popularity increased 80% year on year; domestic orders for returning home to visit family increased 243% year on year, up 21% from 2019. Bank of China International pointed out that as Qingming approaches, the temperature will warm up during the short and long holidays, demand for tourism will be released rapidly, and the long-term travel and inbound and outbound travel markets are also expected to achieve good growth.
CITIC Construction Investment, on the other hand, pointed out that with the three-day Qingming holiday, it is expected that most of this trip will be a short trip. Recently, tourism is concentrated in destinations with high-quality tourism resources, and niche destinations with specialty products and culture have strong explosive power in the short term, such as snow and ice tourism in Harbin, Tianshui in Gansu, and Kaifeng in Henan. Consumer demand for travel and entertainment is still strong, so it is recommended to focus on short-distance, high-quality travel destinations.