crashbandicoot2017| Tourism: During the May Day holiday in 2024, travel booking orders in cities with fourth-tier and below will increase by 100% year-on-year, outperforming the national tourism market

Source Gangtise Investment Research

Analysts said that Ctrip data showed that travel booking orders in cities with fourth-tier and below during the May Day holiday in 2024 increased by 100% year-on-year, outperforming the national tourism market. Tongcheng data shows that during the May Day holiday in 2024, bookings for scenic spots and hotels in cities below the third tier in Northeast China and the west will increase by more than 100% year-on-year. In terms of scenic spots, the number of tourists received by Huangshan, Jiuhua and Changbai Mountains during the May Day holiday in 2024 will increase by 10%, 15%, and 119% respectively year-on-yearcrashbandicoot2017; The number of tourists received by Songcheng Performing Arts was 119% of that in the same period in 2023 and 138% in the same period in 2019. The increase mainly comes from newly opened projects.

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