Is it caused by the diversion of outbound consumption? Hainan's offshore duty-free sector is under pressure, operating companies are seizing opportunities in the peak season of Q4. | Industry Dynamics

During this year's National Day holiday, the amount of duty-free shopping in Hainan off-island was 0.785 billion yuan, showing some pressure on overall performance. The main reasons include customer pursuit of cost-effectiveness, the rise of domestic brands squeezing the duty-free market share, diversion of outbound consumption, etc. China Tourism Group Duty Free Corporation indicated that it will further optimize the product structure and maintain a high proportion of high-margin products.

cls.cnOct 9 05:46 ET

Express News | JPMorgan Chase & Co's Long Position in H Shares of China Tourism Group Duty Free Decreases to 8.53% on Oct 4 From 9.35% - HKEX

ReutersOct 9 05:29 ET

HK Stock Market News | China Tourism Group Duty Free Corporation (01880) falls more than 5% during National Day holiday, Hainan offshore duty-free sales reached 0.785 billion yuan, with a year-on-year decrease in average daily sales.

china tourism group duty free corporation (01880) fell more than 5%, as of the deadline, down 5.31%, reported 60.6 Hong Kong dollars, turnover 0.439 billion Hong Kong dollars.

Zhitong FinanceOct 9 02:43 ET

Domestic Tourism Spending in China Rises 6% During National Day Holiday

MT NewswiresOct 9 00:03 ET

China Merchants Securities: Slight increase in National Day travel, volume increase, price stability, and trend towards improvement.

China Merchants Securities released research reports stating that during the 2024 National Day holiday, domestic tourism visits increased by 5.9% year-on-year, domestic tourism revenue increased by 6.3% year-on-year. Overall, domestic income and visits during the National Day period are steadily improving. The average travel expenditure per person has already approached the level of the same period in 2019, and the overall travel data meets market expectations.

Zhitong FinanceOct 8 18:35 ET

China International Capital Corporation: Significant year-on-year growth in various consumer data during the National Day holiday, with impressive performance in categories such as household appliances, gold, and jewelry.

In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.

Zhitong FinanceOct 7 19:51 ET