HK Stock Market Move | Tourism concept stocks rose in the afternoon with expanded gains. The vitality of Qingming culture and tourism consumption is evident, and the high prosperity of the May Day holiday is expected to continue.

Concept stocks related to tourism saw their gains expand in the afternoon. As of press time, TRIP.COM-S (09961) rose by 5.02% to 431 Hong Kong dollars; HWORLD-S (01179) rose by 4.28% to 42.36 Hong Kong dollars; MEITUAN-W (03690) rose by 2.84% to 88.75 Hong Kong dollars; TONGCHENGTRAVEL (00780) rose by 2.82% to 18.96 Hong Kong dollars. On the news front, the "May Day" holiday is approaching, and the tourism market has already entered a preheating stage. With only one month separating the Clear and Bright Festival holiday from the "May Day" holiday, the consumption vitality displayed during the Clear and Bright Festival holiday provides an important reference for looking ahead to "May Day". According to data from the Cultural and Tourism Ministry Data Center, during the three-day Clear and Bright Festival holiday, there were 135 million domestic trips in the country, an increase of 6.8% year-on-year; total spending on trips reached 61.367 billion yuan, an increase of 6.6% year-on-year. China International Capital Corporation pointed out that the Clear and Bright Festival holiday partially confirmed that under flexible holiday arrangements, the demand for travel consumption can be released. This year's May Day holiday, flexible holiday arrangements can also create longer holidays. According to data from TONGCHENGTRAVEL, the popularity during the Clear and Bright Festival holiday is expected to continue, with the search popularity for travel products during the "May Day" holiday increasing by more than 320% compared to the Clear and Bright Festival period. Consumers are showing high interest in behaviors such as "stocking up on plane tickets" in anticipation of increased fuel costs, and "reverse tourism" to avoid peak travel crowds.