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2026-10-05 11:52:16 Citi published a report stating that national passenger traffic during the first three days of the "Golden Week" holiday this year was broadly flat YoY. The relatively weaker YoY performance in the initial days was not unexpected, as some travel demand had already been brought forward before the holiday period. The broker maintained Buy ratings on TONGCHENGTRAVEL (00780.HK) and Trip.com Group Limited (TCOM.US) ADRs, with TP at HKD22 and USD61 respectively. The broker cited preliminary data from online travel platforms indicating that the combined Mid-Autumn Festival and National Day holidays reshaped travel patterns, with around 10% of travelers extending their vacations and overall travel demand during the dual festivals rising steadily. Cross-province travel during the National Day Golden Week accounted for about 82% of total trips, indicating longer travel distances and stronger preference for long-haul travel. Data from TONGCHENGTRAVEL (00780.HK) showed that travelers were more likely to begin the first leg of their journeys during the Mid-Autumn Festival and start the second leg around the beginning of the National Day holiday. Hotel bookings at popular destinations during the three days before the holiday recorded double-digit YoY growth. Fliggy stated that bookings for domestic attraction tickets on Oct 1 rose nearly 30% YoY, while overseas airport transfer and local activity bookings increased 43% and 37% YoY respectively.(ha/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |