Trip.com data: Anime exhibitions can boost tourism and the local economy.
According to the latest search data from Trip.com, searches for anime-related travel experiences in Asia have surged by 195% compared to last year, with travelers from Hong Kong being one of the primary drivers. The upcoming Hong Kong Comic Con 2026, to be held at the Convention and Exhibition Center, has successfully attracted a large number of fans from mainland China and Southeast Asia. Based on Trip.com's ticketing data, over 80% of ticket buyers are from Generation Z and Millennials, with females accounting for more than 80%, indicating that the appeal of anime among younger demographics and women continues to rise. Trip.com data also shows that hotels within a 3-kilometer radius of the Convention and Exhibition Center are
CITIC Securities: Improvement in supply and demand for social services validates the leadership's alpha. Three main themes focus on travel, pro-cyclical trends, and high elasticity.
The industry growth drivers in 2026 will focus on operational efficiency improvement, brand iteration, and overseas expansion. Leading companies with alpha attributes are expected to outperform the industry. We maintain our three key recommendations: 1) high-quality targets in hotels and scenic spots within the leisure travel scenario; 2) resilient operators with growth potential in the pro-cyclical leisure sector, including catering and duty-free leaders; 3) gaming companies and leading ready-to-drink brands with steep demand elasticity slopes amid improving business conditions. Pay attention to the OTA, human resources, and exhibition sectors.
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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...
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...