CITIC Construction Investment: Focus on high-quality companies with annual report performance; the travel booking situation during the Qingming Festival holiday is hot
CITIC Construction Investment Securities research report suggests paying attention to companies with high-quality annual report performance, as travel bookings for the Qingming Festival holiday are booming. According to Meituan Travel, currently, the cultural and tourism order volume for the Qingming Festival holiday in Guizhou, Gansu, and other regions has a year-on-year growth rate of around 100%. Data from Spring and Autumn Travel shows that as of now, the number of travel bookings for the Qingming Festival holiday has nearly doubled year-on-year. According to data from VariFlight, as of March 18, domestic flight ticket bookings exceeded 1.05 million, an increase of about 12% compared to the same period last year; inbound and outbound flight ticket bookings exceeded 480,000, an increase of about 24% compared to the same period last year. Notably, domestic flight ticket bookings to Beijing for the Qingming Festival holiday exceeded 88,000, a year-on-year increase of about 10%