Changes in Hong Kong stocks | Travel concept stocks are collectively rising, and the travel market opens in 2026, Red Citi expects strong performance during the Spring Festival

The Zhitong Finance App learned that travel concept stocks rose collectively. As of press release, Tongcheng Travel (00780) rose 5.02% to HK$23.86; Ctrip Group-S (09961) rose 4.08% to HK$600; Huazhu Group-S (01179) rose 4.01% to HK$38.36; and Meituan-W (03690) rose 1.42% to HK$106.9.

According to the data center of the Ministry of Culture and Tourism, the Ministry of Culture and Tourism estimated that during the three days of the New Year's Day holiday, there were 142 million domestic trips, an increase of 5.2% over the 2024 New Year's Day holiday. The total domestic travel expenses were 84.789 billion yuan, an increase of 6.3% over the 2024 New Year's Day holiday, and the supply of winter specialties was abundant, and snow trips, winter vacations, and New Year's Eve tours were very popular.

According to the report of the State Administration of Immigration, the average number of daily arrivals and departures during the New Year's Day holiday reached 2.2 million, an increase of 28.6%, which is about 28% higher than the 2019 level. Among them, the number of mainland residents leaving the country increased by 39.1% year on year. Citigroup released a research report saying that domestic travel performance was stable on New Year's Day 2026, but the number of cross-border tourists was steady. However, the bank believes that the upcoming Spring Festival is more important, and the performance is expected to be stronger because the 2026 Spring Festival holiday will be 9 days, more than in 2025.