Citi: Tourism data during the "May Day Golden Week" may be affected by the分流 of spring breaks in some regions; remains optimistic about Trip.com (TCOM.US) and Tongcheng Travel (00780.HK).

According to a Citi report, data released by China's Ministry of Culture and Tourism indicated that during the 5-day May Day Golden Week, domestic tourism recorded 325 million trips, generating revenue of RMB 185.5 billion, representing year-on-year growth of 3.6% and 2.9%, respectively. This implies a 0.7% year-on-year decline in per capita spending. Citi noted that the figures were not particularly encouraging but observed that spring break holidays announced by multiple regions may have pre-empted some travel activities. The bank believes that hotel performance on online travel platforms might remain healthy; however, air ticket bookings could be relatively weak due to higher ticket prices year-on-year. Given rising oil prices, the weakness in cross-border travel data is unsurprising. The bank maintained its outlook on...

AASTOCKS10:21

According to HSBC Research, although overall travel demand in mainland China remains strong, travelers are favoring railways over flights. It is expected that the three major airlines will report losses in the second quarter.

According to a report by HSBC Global Research, overall travel demand during the May Day long weekend in mainland China still exists. However, due to high fuel surcharges, average airfare prices increased by 9.7% year-on-year, resulting in shipping performance lagging behind rail transport. During this period, the daily average air passenger volume fell by 5.7% year-on-year, while the daily average rail passenger volume grew by 4.6% year-on-year. The bank expects that the three major domestic airlines may incur losses again in the second quarter of this year. It is estimated that for every 10% increase in fuel prices, their consolidated annual losses could expand by an average of 38%, and return on equity could be dragged down by 7.8 percentage points. Regarding stocks, the bank has assigned a "Buy" rating to Trip.com (TCOM.US), as it benefits from...

AASTOCKS10:15

Where can I change the terms and conditions of the discounted flight ticket redemption card product? It is emphasized that the subscription-based pricing cannot be guaranteed to be the lowest price available on the platform.

The mainland travel platform Qunar recently revised the Terms and Conditions of its discounted flight ticket redemption card. A new clause was added stating, "Due to不定期 promotional activities on the App, the price of the redemption card cannot be guaranteed to be the lowest available on the platform. Users can decide whether to continue using the card or apply for a refund." According to reports, several consumers have complained that multiple official live-streaming channels of Qunar misrepresented the sale of discounted flight tickets as part of an initiative to convert users into new registered App users by mandating the binding of real-name account information. In reality, consumers did not necessarily purchase genuinely discounted tickets. One consumer pointed out that within the same minute of accessing the redemption portal to buy tickets, the cost of using the redemption card plus additional fees resulted in a total exceeding competitive offers.

AASTOCKSMay 6 12:35

The Hang Seng Index and Hang Seng Tech Index fell nearly 1%, with technology stocks collectively declining. Baidu rose 2% against the trend, while CK Hutchison Holdings surged over 4%.

Affected by the escalation of tensions between the US and Iran, Hong Kong stocks opened lower and closed weaker, with the Hang Seng Index falling by 0.76% and the Hang Seng Tech Index declining by 0.94%. Sector performance was mixed, with security and liquor stocks showing resilience while technology stocks generally fell; Baidu, however, rose by 2%. Regarding individual stocks, CATL surged nearly 4%, and CK Hutchison climbed over 4% after announcing a plan to sell its UK telecom business, booking a gain of HKD 4.7 billion. Tianxing Medical Technology soared over 118% on its first day of listing.

wallstreetcnMay 5 16:33

Tongcheng Travel: The booking popularity of family rooms at popular destination hotels during the May Day holiday increased by nearly 50% year-on-year.

According to Tongcheng Travel's summary of the May Day holiday, the spring break arrangements in some regions have driven up the popularity of long-haul travel and 'city-hopping' tourism. The booking热度 for hotels in popular destinations increased by over 40% compared to the same period last year. Additionally, the spring break schedules in certain areas have significantly boosted the popularity of family-friendly travel, with bookings for family rooms in popular destinations rising nearly 50% year-on-year. Among these, Beijing, Shanghai, and Chengdu ranked at the top for family travel热度.

AASTOCKSMay 5 11:03

Express News | Ctrip: The number of participants in domestic performances and events during the May Day holiday increased by 30.6% year-on-year.

BreakingsMay 4 19:29