HK Stock Market Move | TONGCHENGTRAVEL (00780) rises nearly 4% as "May Day" tourism heats up, OTAs are expected to benefit from the high popularity.

TONGCHENGTRAVEL(00780) rose nearly 4%, up 3.92% at the time of publication, to 22.55 Hong Kong dollars, with a turnover of 525 million Hong Kong dollars. On the news front, with the approaching May Day holiday, the tourism market is experiencing a peak in bookings. Data from Tuniu shows that the number of people traveling during this year's May Day holiday is expected to double compared to last year, with domestic long-haul trips accounting for 40% and short-haul international trips accounting for 30%, with Japan and Southeast Asia being the most popular destinations. According to TONGCHENGTRAVEL's forecast, the tourism volume during this year's May Day holiday may reach its peak since 2023. Huaxi believes that with the peak tourism season approaching, it is important to focus on investment opportunities in the travel industry chain, as the May Day holiday tourism consumption in 2025 will have resilience, and travel consumption will gradually become a necessity. Soochow previously pointed out that with the high willingness of residents to travel and the continuous introduction of policies promoting the prosperity of the cultural and tourism industry, OTA platforms will continue to benefit from the high growth of inbound and outbound tourism and the prosperity of the domestic tourism base, with a stable landscape that is conducive to maintaining a steady cash-out rate for OTA platforms.