HK Stock Market Move | Tourism concept stocks rise as the Spring Festival tourism market kicks off with a good start. Institutions are optimistic about the strong demand for tourism.

Tourism concept stocks are rising. As of the time of writing, TONGCHENG TRAVEL (00780) is up 6.96% at HK$18.74; China Tourism Group Duty Free Corporation (01880) is up 3.36% at HK$49.2; TRIP.COM-S (09961) is up 3.24% at HK$541. On the news front, according to data from the Ministry of Culture and Tourism, over the 8-day Chinese New Year holiday, there were 501 million domestic trips, an increase of 5.9% year-on-year; domestic tourism expenditure reached 6770.02 billion yuan, an increase of 7.0% year-on-year. Both the number of trips and total spending hit new highs. Tianfeng pointed out that the consumption of travel during the 2025 Chinese New Year holiday met expectations, achieving steady growth in tourism and travel on a high base, showing robustness in tourism consumption. CCB International cited tourism data from the Chinese New Year holiday in January and February this year, believing that overall tourism demand in China remains strong. It is worth mentioning that on February 11, the Ministry of Commerce, the Ministry of Culture and Tourism, and China Railway Group, among nine departments, issued the "Action Plan for Opening Silver Travel Trains to Promote the Development of Service Consumption". It mentioned soliciting and accepting demands for the operation of silver travel trains from the society, providing customized services in various forms; incorporating the renovation of silver travel trains into large-scale equipment updates and support for the exchange of old for new consumer goods; and encouraging regions with conditions to introduce specific support policies for travel trains.