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China Travel HK (00308.HK) subsidiary acquired 7 tourist buses with passenger operation certificate.
On July 26, Growatt Finance announced that on July 26, 2024, CTS (as the seller) and CAC (a non-wholly-owned subsidiary of the company) (as the buyer) entered into a purchase agreement. Based on this, CTS agreed to sell and CAC agreed to purchase 7 second-hand tour buses with passenger service certificates at a total price of 9.98 million Hong Kong dollars. According to current government policies, the total number of non-franchise buses in Hong Kong is limited, and the registration of new passenger service certificates has not increased, but the demand for non-franchise bus services has steadily increased since the COVID-19 pandemic. Coupled with the imbalance of supply and demand.
Express News | China Travel International Investment Hong Kong - Deal for HK$10 Mln
Express News | China Travel International Investment Hong Kong - Purchase of 7 Units of Tour Buses With Psl Certificates From Cits
CITIC Securities: Domestic tourism is expected to remain stable this summer, while the demand for outbound tourism continues to recover.
Domestic tourism during the summer is expected to remain stable, while demand for outbound tourism continues to recover. The resilience of leisure travel consumption demand continues to be validated.
Guosen Securities: Top scenic spots are expected to benefit from the structured dividends of China's population and urbanization.
Short-term head scenic area passenger flow shows resilience, and related summer resort products are expected to benefit directly from high temperatures in the summer. At the same time, in the next 2-3 years, head scenic areas will successively enter the new project production stage, with the potential to benefit from the structured demographic and urban dividends in the medium term.
In May, Hong Kong Tourism Board received 3.3985 million visitors, an increase of 20.2% year-on-year.
A total of 18.0186 million visitors visited Hong Kong in the first five months, a year-on-year increase of 77.8%.
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