Changes in Hong Kong stocks | Ctrip Group-S (09961) rose more than 4% in the afternoon, cross-border travel during the New Year's Day holiday heats up significantly, Citi expects Spring Festival travel to be an important catalyst

The Zhitong Finance App learned that Ctrip Group-S (09961) rose more than 4% in the afternoon. As of press release, it had risen 3.99% to HK$599.5, with a turnover of HK$830 million.

According to the news, according to a report from the Economic Network, the 2026 New Year's Day holiday, three days of consecutive holidays combined with the long vacation effect formed by the “please take 3 breaks and 8” vacation wave effectively stimulates travel consumption demand. According to consumer reports published by various platforms, the volume and price of reservations for core travel products such as air tickets, hotels, and homestays rose sharply during New Year's Day. Domestic travel showed a pattern of “North and South intersecting, urban and rural linkage, and diverse scenarios”. The popularity of outbound travel increased significantly compared to previous years, and the inbound travel market heated up simultaneously.

According to a research report released by Citibank, the National Administration of Immigration reports showed that the average number of daily arrivals and departures during the New Year's Day holiday reached 2.2 million, an increase of 28.6% year-on-year, about 28% higher than the 2019 level. Among them, the number of mainland residents leaving the country increased by 39.1% year on year. Citi believes that domestic travel performance was stable on New Year's Day 2026, but the number of cross-border tourists was steady. However, the upcoming Spring Festival is even more important, and the performance is expected to be stronger, as the 2026 Spring Festival holiday will be 9 days, more than in 2025. Maintain “buy” ratings for Ctrip Group-S and Tongcheng Travel.