Inbound tourism market resumes 90% of tourism stocks are expected to pick up

[Maidian.com] "There were 575,700 foreigners entering the country in the first quarter of this year, which means that the recovery of China's inbound tourism market has seen results and has returned to the level of 90% before the financial crisis." GF Securities...

[Maidian.com] "There were 575,700 foreigners entering the country in the first quarter of this year. This means that the recovery of China's inbound tourism market has seen results and has returned to the level of 90% before the financial crisis," said Guangfa Securities Researcher.

According to statistics released by the National Tourism Administration, the number of Chinese immigrants in the first three months of 2010 was 31,428,900, an increase of 3.83% year-on-year, which reversed the negative growth in the same period last year. Among them, the number of foreign tourists entering the country was 5.75 million, a year-on-year increase of 19.13%, while the figure of 5,570,700 just exceeded 90% of the number of foreigners entering the same period in 2008.

Market participants pointed out that the first quarter was not a tourist season, and the good recovery of the number of inbound tourists made the market look forward to the recovery in the second and third quarters. Among the listed companies, China International Travel Service (601888, closing price of 19.02 yuan), China Youth Travel Service (600138, closing price) 17.11 yuan), Guilin Tourism (000978, closing price of 14.05 yuan) and other benefits will be obvious.

Inbound foreign exchange income increased by 12.89% year-on-year

This week, the National Tourism Administration released the first quarter of 2010 inbound tourism data, including the number of Hong Kong, Macao and Taiwan compatriots totaling 31,28,900 people, showing a gratifying year-on-year growth, an increase of 3.83%, while the financial crisis in the same period of 2009 The impact of the number of arrivals decreased by 7.15 percentage points compared with the first quarter of 2008. This year is a positive sign again after the financial crisis, which is a positive signal.

What is more gratifying is that the number of foreigners entering the country has recovered to 5,750,700 in the first quarter of this year, an increase of 19.13% compared with 4,827,100 in the same period of last year. The growth rate has reached double digits, compared with 2008 before the financial crisis. It has also recovered to the level of 90%. From the perspective of countries, Singapore’s number of people coming to China in the first quarter of this year has exceeded the level of the same period in 2008, and the recovery situation is the best. Several countries with a large number of inbound tourists in China, such as Japan, have basically reached the level of 97% in 2008. South Korea only recovered 79%, which is less than the average of the entire market.

At the same time, China's inbound foreign exchange income in the first quarter increased by 12.89% year-on-year, with revenue reaching 10.208 billion US dollars.

The data in the first quarter is gratifying, and the market confidence is enhanced. Researchers from GF Securities told the Daily Economic News that the first quarter is not a tourist season. It is very good for the inbound tourism to return to this level. I believe that the second and third quarters will be better, and this year again. With the Shanghai World Expo, the number of people entering the country should have a certain degree of outbreak.

China Travel Youth Travel inbound and outbound travel benefits

In the listed scenic spots, most of them are related to the changes of domestic tourists. Only the foreigners in Guilin travel account for a certain proportion. Therefore, the rapid recovery of inbound tourism, Guilin tourism is the most benefited scenic spot listed company. Guilin's tourism performance in the first quarter increased by 18.53% year-on-year, but it is still in a loss, and the drought has an impact on Guilin's tourism performance. In addition, Lijiang Tourism (002033, closing price of 21.6 yuan), Huangshan Tourism (600054, closing price of 21.74 yuan) and other companies' scenic spots are popular with tourists from Southeast Asian countries, and in the first quarter of this year, the number of people entering these countries in China visited the same year-on-year There are double-digit growth.

Large travel service companies such as China International Travel Service and China Youth Travel Service are directly on the list because of the increase in inbound tourists.

China International Travel Service's first-quarter results showed an unexpected growth of 82.02%, and CYTS also had a 24.5% increase. For travel agencies, outbound travel has a strong performance, and outbound travel can also boost profits. According to statistics from CITIC Securities, the number of departures in some provinces and cities in the first quarter increased greatly. For example, in the first quarter of Sichuan Province, there were 55,700 people leaving the country, up 36.3% year-on-year, and the number of Beijing departures increased by 21%. Shanghai increased by 20%-30. %. (Daily Economic News)

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