HK Stock Market Move | Stocks related to tourism concept surged today, promoting culture and travel consumption as well as the extension of holidays. The demand for outings is expected to be released during the Spring Festival.

Tourism concept stocks rose across the board today. As of the time of writing, TONGCHENGTRAVEL (00780) rose by 3.83% to HK$18.96; TRIP.COM-S (09961) rose by 3.7% to HK$532; China Tourism Group Duty Free Corporation (01880) rose by 2.74% to HK$48.7; CHINA TRAVEL HK (00308) rose by 1.02% to HK$0.99. On the news front, on January 13th, the General Office of the State Council issued a notice on "Several Measures for Further Cultivating New Growth Points and Promoting Prosperity in Cultural and Tourism Consumption", covering various aspects such as stimulating the potential of cultural and tourism consumption, improving relevant policy environment, and optimizing inbound tourism policies. Citigroup believes that the above-mentioned document and measures to increase public holidays indicate that tourism is a major direction for the government to promote the economy. Haitong pointed out that with the continuous expansion of the "visa-free circle", the high growth of inbound tourism may become a major highlight of the 2025 Spring Festival tourism market. The booking volume on OTA platforms has significantly increased, considering that the 2025 New Year's Day holiday is only one day and the release of the dividend of visa-free policies for foreigners entering the country, the demand for outbound travel is expected to be concentrated during the Spring Festival. CICC pointed out that the eve of 2025 New Year's Eve has been included as a statutory holiday, increasing the holiday to 8 days. From the current data, a longer holiday can allow everyone to return home and go on vacation at the same time, resulting in strong demand for both domestic and cross-border travel.