交通运输部、文化和旅游部近日联合印发《进一步促进邮轮运输及旅游服务发展的若干措施》（以下简 称《若干措施》）。其中明确提出，拓展邮轮始发航线、提升邮轮旅游服务品质、丰富邮轮旅游产品等 10条具体举措。 同程旅行数据显示，截至12月9日，成都、杭州、南京、武汉、合肥、长沙等非一线城市的海外邮轮产 品预订热度同比增长超2倍。商丘、洛阳、惠州、肇庆等地的海外邮轮产品预订也有明显增长。 同程旅行邮轮业务总监姚远想表示，长期以来，国内旅游企业售卖的邮轮产品主要以国内母港出发的出 境长短途航线，以及海外目的地出发的短途或环球航线为主。此次发布的《若干措施》将"鼓励五星红 旗邮轮积极开发国内沿海航线"放在显著位置，对于推动国内沿海航线邮轮市场的发展意义重大。 "接下来，同程旅行将结合市场需求，联合产业链上下游合作伙伴，积极开发国内沿海邮轮旅游航线， 丰富船上服务内容和岸上旅游产品，加强与国内水路旅游客运精品航线的衔接。"姚远想介绍，2025年 以来，同程旅行平台上的邮轮产品持续丰富，截至12月9日，平台上可售卖的邮轮产品数量同比增长近 40%，广州、深圳、香港始发前往新加坡、巴厘岛等东南亚热门目的地航线预订热度，相比去年同 ...

截至12月10日10时，"考研房"预订热度较高的前十个城市依次为济南、长春、青岛、南昌、合肥、杭 州、烟台、福州、南京、广州。 同程旅行相关负责人表示，按往年规律，考生在拿到准考证后通常会立即着手规划考试期间的交通食 宿，提前预订位置和环境俱佳的"考研房"是其中最重要的一件事。为更好满足考生们的考试住宿需求， 同程旅行在小程序和App端的酒店预订平台面向考研、考公、高考等大型考试的考生开发了考试房预订 工具，可提前预约或抢订考点周边优质房源。 北京商报讯（记者 吴其芸）12月10日，2026全国研究生招生考试准考证开放打印。随着考点和考场等 考试信息正式下发至考生，"考研房"迎来预订高峰。当日零时至10时，同程旅行平台"考研订房"板块的 访问量大幅增长，"考研房"预订热度较12月9日全天增长超10倍。 ...

对此，同程旅行邮轮业务总监姚远想表示，长期以来，国内旅游企业售卖的邮轮产品主要以国内母港出 发的出境长短途航线，以及海外目的地出发的短途或环球航线为主。此次发布的《若干措施》将"鼓励 五星红旗邮轮积极开发国内沿海航线"放在显著位置，对于推动国内沿海航线邮轮市场的发展意义重 大。 "同程旅行将结合市场需求，联合产业链上下游合作伙伴，积极开发国内沿海邮轮旅游航线，丰富船上 服务内容和岸上旅游产品，加强与国内水路旅游客运精品航线的衔接。"姚远想介绍，2025年以来，同 程旅行平台上的邮轮产品持续丰富，截至12月9日，平台上可售卖的邮轮产品数量同比增长近40%，广 州、深圳、香港始发前往新加坡、巴厘岛等东南亚热门目的地航线预订热度，相比去年同期增长超过 120%。 本报讯 （记者梁傲男）近日，交通运输部、文化和旅游部联合印发《进一步促进邮轮运输及旅游服务 发展的若干措施》（以下简称《若干措施》）。其中提出，拓展邮轮始发航线、提升邮轮旅游服务品 质、丰富邮轮旅游产品等10条具体举措。 同程旅行数据显示，今年以来，截至12月9日，成都、杭州、南京、武汉、合肥、长沙等城市的海外邮 轮产品预订热度同比增长超2倍。商丘、洛阳、 ...

新华财经北京12月10日电（康耕甫）近期，携程、同程、途牛3家在线旅游上市公司相继发布的2025年 第三季度业绩报告显示，今年第三季度携程集团营业收入和净利润领跑三家OTA平台，同程旅行依托下 沉市场用户基础，通过双语客服、海外服务中心提升国际服务能力；途牛则聚焦小众目的地和直播带货 模式激活存量用户价值。 营收净利携程居首 携程集团公布的2025年第三季度未经审计财务业绩报告显示，2025年第三季度，携程集团营业收入为 183亿元，同比上升16%，主要得益于越来越强劲的旅游需求；营业收入环比上升24%，主要得益于季 节性因素。 整体来看，跨境游市场正从流量恢复向质量提升转变。未来，在线旅游平台的竞争将更加侧重于服务体 验与资源整合能力。 2025年第三季度，随着免签政策红利持续释放及跨境供应链加速修复，携程、同程旅行、途牛在跨境游 市场展现出强劲增长动能。旅游行业正从追求规模的"增量开发"阶段转向"增量与存量并重"的高质量发 展阶段。 同程旅行发布的2025年第三季度业绩报告显示，2025年第三季度同程旅行营业收入55.09亿元，同比增 长10.4%。其中交通业务收入22.09亿元，同比增长9%；住宿业务收 ...

智通财经获悉，交通运输部、文化和旅游部近日联合印发《进一步促进邮轮运输及旅游服务发展的若干 措施》(以下简称《若干措施》)。其中明确提出，拓展邮轮始发航线、提升邮轮旅游服务品质、丰富邮 轮旅游产品等10条具体举措。 同程旅行邮轮业务总监姚远想表示，长期以来，国内旅游企业售卖的邮轮产品主要以国内母港出发的出 境长短途航线，以及海外目的地出发的短途或环球航线为主。此次发布的《若干措施》将"鼓励五星红 旗邮轮积极开发国内沿海航线"放在显著位置，对于推动国内沿海航线邮轮市场的发展意义重大。 "接下来，同程旅行将结合市场需求，联合产业链上下游合作伙伴，积极开发国内沿海邮轮旅游航线， 丰富船上服务内容和岸上旅游产品，加强与国内水路旅游客运精品航线的衔接。"姚远想介绍，2025年 以来，同程旅行平台上的邮轮产品持续丰富，截至12月9日，平台上可售卖的邮轮产品数量同比增长近 40%，广州、深圳、香港始发前往新加坡、巴厘岛等东南亚热门目的地航线预订热度，相比去年同期增 长超过120%。 此外，在海外邮轮市场中，2025年以来，地中海多国巡游航线、中东多国波斯湾航线预订热度同比增长 超过30%。值得注意的是，随着"走得更远，品质 ...

1. 同程旅行第四季度业绩预期怎么样？ 截至2025年12月09日，根据朝阳永续季度业绩前瞻数据： 预测营业收入45.70~48.44亿元，同比增长7.9%~14.3%； 预测净利润4.15~7.95亿元，同比增长18.3%~126.7%； 预测经调整净利润7.24~7.58亿元，同比增长9.6%~14.8%。 关注后续财报数据披露后能否超预期，朝阳永续港股季度业绩前瞻数据将为投资者提供业绩鉴定。 | 机构简称 | | (营业收入 | | 净利润 | 同比 | 经调整净利润 | 同比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 卖方预测区间 | | 45.70~48.44 | 7.9%~14.3% | 4.15~7.95 | 18.3%~126.7% | 7.24~7.58 | 9.6%~14.8% | | 平均数 | | 47.41 | 11.9% | 6.12 | 74.5% | 7.41 | 12.3% | | 中位数 | | 47.46 | 12.0% | 6.04 | 72.2% | 7.39 | 11.9% | | 华泰证券 | 20 ...

Investment Rating - The report maintains a "Buy" rating for the companies in the higher education sector, specifically for New Higher Education Group and Xijiao International Holdings [8][11]. Core Insights - The profitability of higher education companies is expected to rebound as the peak of cost increases has passed, with improvements in operational efficiency anticipated due to reduced capital expenditures [4][11]. - New Higher Education Group reported a revenue of 2.6 billion yuan for the fiscal year 2025, a year-on-year increase of 7.8%, with adjusted net profit reaching 812 million yuan, up 5.2% [6][8]. - The student structure is continuously optimized, with an increase in the proportion of undergraduate students, leading to higher average tuition fees [6][7]. - The report highlights the importance of maintaining high-quality education and the strategic focus on enhancing educational facilities to improve student learning environments [3][4]. Summary by Sections 1. Higher Education Sector - The education index increased by 1% during the week, outperforming the Hang Seng Index by 1.8 percentage points [5]. - New Higher Education Group's student enrollment decreased slightly by 0.6% to 139,000, but the proportion of undergraduate students increased, contributing to an 8.1% rise in average tuition fees to 16,700 yuan per year [6][7]. - The company’s operational costs rose by 9.2% to 1.68 billion yuan, with significant increases in labor costs, which grew by 14.7% [3][7]. 2. Cost Management and Profitability - The peak of cost increases is believed to have passed, with capital expenditures decreasing from 920 million yuan in fiscal year 2024 to 690 million yuan in fiscal year 2025 [4][8]. - The report anticipates a recovery in gross profit margins starting from fiscal year 2026, with projected profits for fiscal years 2026 and 2027 adjusted to 880 million yuan and 1 billion yuan, respectively [8][11]. - Xijiao International Holdings reported a revenue of 3.96 billion yuan for fiscal year 2025, a 6.1% increase, while net profit decreased by 36.9% [9][10]. 3. Investment Recommendations - The report suggests focusing on Hong Kong-listed higher education companies, as profitability is expected to improve with reduced capital expenditures and a more favorable revenue distribution model [13]. - Companies such as New Higher Education Group, Xijiao International Holdings, and others are highlighted as potential investment opportunities due to their strategic adjustments and market positioning [13].

Investment Rating - The report maintains a "Buy" rating for the overseas education sector, particularly highlighting the potential rebound in profitability for higher education companies as they enhance their operational efficiency and educational quality [4][16]. Core Insights - The profitability of higher education companies is expected to improve as they transition from a phase of high costs to a more stable operational environment, driven by an increase in the quality of education and student enrollment structures [4][16]. - The report emphasizes the importance of maintaining high-quality education and optimizing student demographics, which is reflected in the rising average tuition fees and accommodation costs [2][3][4]. Summary by Sections Overseas Education - The education index increased by 1% during the week, underperforming the Hang Seng Index by 1.8 percentage points, with a year-to-date increase of 8.2% [6]. - New Higher Education Group reported a revenue of 2.6 billion yuan for FY25, a 7.8% increase year-on-year, with adjusted net profit rising by 5.2% to 812 million yuan [2][7]. - The student enrollment decreased slightly by 0.6%, but the proportion of undergraduate students increased, leading to an 8.1% rise in average tuition fees to 16,700 yuan per year [2][7]. - The company’s operational costs grew by 9.2% to 1.68 billion yuan, with labor costs rising significantly, indicating a focus on maintaining educational quality [3][8]. - The report predicts that the peak of cost increases has passed, and profitability is set to rebound, with expected net profits of 880 million yuan and 1 billion yuan for FY26 and FY27, respectively [4][9]. Key Companies - Xijiao International Holdings reported a revenue of 3.96 billion yuan for FY25, a 6.1% increase, but net profit fell by 36.9% due to previous high costs [11][12]. - The company has optimized its school management by reducing the number of institutions, which is expected to enhance operational efficiency and profitability [12][13]. - The report suggests focusing on several key players in the sector, including New Oriental, TAL Education, and Huazhong Education, as they are expected to benefit from the improving market conditions [16]. Investment Recommendations - The report recommends attention to Hong Kong-listed higher education companies, as the profitability outlook is improving with reduced capital expenditures and stabilized operational costs [16]. - It also highlights the potential for growth in vocational education companies, particularly those adapting to market demands and enhancing their service offerings [16].

Core Insights - The travel demand for the New Year's holiday in 2026 is significantly increasing, with a 30% rise in bookings compared to the same period last year, driven by a surge in interest in "cross-year" and "New Year" travel keywords, which have seen over a 280% increase in search volume [1] Group 1: Travel Trends - The New Year's holiday is expected to release pent-up travel demand, with a mix of short-distance trips and international travel as users seek both relaxation and adventure [1] - Popular travel themes include "ice and snow tourism" and "winter escape," with users traveling from southern cities to northern destinations for snow activities, while northern users head south for warmer climates [4][7] - The trend of "experiencing fireworks shows" is prominent, with theme parks and cities hosting special events, leading to increased hotel bookings near these attractions [2] Group 2: Booking Insights - The booking heat for flights to popular ice and snow destinations like Harbin and Changchun is rising, with significant price increases observed, such as flights from Shanghai to Harbin rising from below 500 yuan to over 1200 yuan [4] - There is a notable increase in demand for specific hotel types equipped with high-definition projection facilities, indicating a preference for enjoying New Year's Eve celebrations in comfort [3] - The trend of "拼假" (taking leave to extend holidays) is leading to a rise in outbound travel bookings, particularly to nearby countries like Malaysia and Singapore, with overall booking volume increasing by over 30% compared to previous years [8] Group 3: Destination Preferences - Southeast Asian islands are popular among travelers, with destinations like Malaysia's Mabul Island and Thailand's Phuket Island ranking high on travel lists [10] - The recent visa-free policy for Russia has spurred interest in traveling there for New Year's celebrations, with flight bookings to Moscow increasing by 60% and hotel bookings by about 50% [10]

Core Insights - The report from Tongcheng Travel indicates a significant increase in search interest for "New Year" and "cross-year" keywords, with a month-on-month rise exceeding 280% [1][2] - Overall booking activity for flights, hotels, and homestays during the New Year holiday has increased by nearly 30% compared to the same period last year [1][2] Travel Trends - The top 10 popular scenic spots for the New Year holiday include Beijing Universal Resort, Zhuhai Chimelong Ocean Kingdom, Harbin Ice and Snow World, and Laojun Mountain Scenic Area, with theme parks occupying four of these spots [1][2] - There is a growing demand for temple visits for New Year blessings, with Suzhou Hanshan Temple, Hangzhou Lingyin Temple, and Shanghai Longhua Temple receiving increased attention, showing an overall interest increase of over 80% [1][2] - The implementation of a free admission policy at Lingyin Temple is expected to boost visitor numbers for New Year blessings [1][2] Popular Destinations - The report highlights popular ice and snow tourism destinations, including Meili Snow Mountain in Yunnan, Gongga Snow Mountain in Sichuan, Yulong Snow Mountain in Yunnan, and Dagu Glacier in Sichuan, all making it to the top 20 list [1][2] - The trend for warm-weather escapes is also prominent, with a 36% month-on-month increase in flight bookings from major cities like Beijing and Tianjin to popular warm destinations such as Sanya, Haikou, Kunming, Guangzhou, and Xiamen [1][2]