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CITIC Securities: Tourism Market Booming, Hotel Sector Surpasses Expectations
CITIC Securities research report points out that the “longest Spring Festival in history,” combined with favorable weather conditions, has led to a booming holiday travel market. The extended holiday period has given rise to multi-stage trips, such as “returning home first, then traveling” or multi-destination tours. Hotel RevPAR growth exceeded expectations, offshore duty-free shopping is thriving, and many scenic spots have issued flow restriction notices. Looking ahead to the year, service industry consumption is a key policy support area. As an important part of service consumption, tourism and travel are expected to see demand grow beyond expectations, highlighting investment opportunities in the industry. (Jiemian News)