The travel sector rose strongly on the 11th. As of press time, Qujiang Cultural Tourism, Dalian Sunya rose by the limit, Xi’an Travel rose by more than 7%, Tibet Travel and Western Regions Travel rose by more than 5%, Jiuhua Travel, Xi’an Food, and Quanjude rose by more than 5%. 4%.
In terms of news, Ctrip’s May Day holiday travel forecast report shows that domestic travel orders have matched 2019, an increase of more than 7 times year-on-year; outbound travel bookings have increased by more than 18 times year-on-year, and the number of overseas and group travel registrations has increased by 157% compared with early April. %.
In detail, as of April 6, the number of orders for domestic travel through Ctrip has increased by more than 7 times compared with the previous year, and the per capita consumption of domestic travel is basically the same as that of the previous year; The orders for long-distance travel accounted for more than 60% of the total, and long-distance travel orders increased by 811% year-on-year; in terms of growth rate, the year-on-year increase in May Day local travel orders was relatively small. The number of domestic air ticket reservations during the May Day period exceeded 1.2 million, an increase of about 3.6 times over the same period of the previous year; the number of inbound and outbound air ticket reservations during the May Day period was about 5 times that of the same period last year.
The tourism industry gradually recovered in the first quarter, with May Day and summer travel peak seasons approaching, the supply of travel resources resumed, air tickets and fuel costs dropped sharply, travel is expected to accelerate recovery, and the May Day booking data of OTA channels such as Ctrip and Fliggy are impressive, optimistic about China Performance resilience in travel recovery. Considering the performance flexibility in the first quarter and the peak season approaching expectations, the travel and travel sector at that time has regained its valuation advantage. The recovery of travel and travel this year has been confirmed, and the rebound in travel from the second quarter is expected to accelerate. It is advocated to pay attention to the hotel, artificial scenic spot, duty-free and exhibition sectors with high performance flexibility and may benefit from consumption stimulation.