股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 同程旅行控股有限公司 呈交日期: 2025年10月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00780 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | USD | | 0.0005 | USD | | 1,500,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 3,000,000,000 | USD | | 0.0005 | USD | | 1,500,000 | 本月底法定/註 ...

Core Insights - The 2025 National Day and Mid-Autumn Festival "Super Golden Week" has commenced with a record expected passenger flow of over 340 million nationwide on October 1, marking a historical peak [1] Group 1: Travel Trends - Family travel has become the dominant force, with 43% of travelers being family groups, an increase of 3 percentage points from last year [4] - The demand for self-driving trips is also surging, with car rental orders on the platform increasing by 80% year-on-year [6] - The average rental period for cars has extended from 3.7 days last year to 4.8 days this year [11] Group 2: Regional Performance - Guangdong has shown significant growth in tourism orders, with an overall increase of 27% year-on-year, and specific cities like Guangzhou and Shenzhen seeing increases of 25% and 39% respectively [2] - Cross-province travel accounted for 53% of total travel, with Guangdong-Hong Kong-Macau travel at 15% and outbound travel at 32% [2] Group 3: Cultural and Educational Tourism - There is a notable increase in museum visits, with the Palace Museum's visitor index rising by 146.28% compared to normal days [17] - Customized travel orders have increased by over 40%, indicating a preference for local experiences and cultural immersion [18] Group 4: Cross-Border Travel - The outbound and inbound tourism markets are recovering simultaneously, with Guangdong playing a pivotal role as a hub for cross-border travel [19] - On the first day of the holiday, the number of foreign travelers flying into China increased by 40% year-on-year [19] Group 5: Smart Travel Solutions - The use of AI for travel planning has surged, with the travel assistant's peak access volume increasing nearly threefold compared to normal days [15] - Over 30% of inquiries are related to avoiding congested routes and discovering lesser-known destinations [15] Group 6: Economic Impact - The overall tourism consumption is transitioning from scale expansion to quality enhancement, with a significant increase in hotel occupancy rates in popular cities [21] - The average price of domestic flights is expected to drop by over 30% during the holiday period, further stimulating the holiday economy [21]

Core Insights - The National Day holiday travel data indicates a significant increase in domestic travel, with self-driving trips peaking on October 1, leading to severe congestion on major highways and popular tourist attractions [1][2][4] Traffic Congestion - On October 1, the average congestion on national highways reached 2,193.62 kilometers, a 30.11% increase compared to the same period last year, peaking at 6,566.82 kilometers late on September 30 [2] - The top congested highway segments included Jiangsu Changzhou, Guangdong Qingyuan, and Liaoning Dalian, with congestion levels reaching over 31 kilometers in some areas [3] Hotel and Travel Demand - There was a notable increase in hotel bookings from September 27 to 30, with a year-on-year growth of over 30%, driven by travelers taking extended leave [4] - Popular tourist cities such as Chengdu, Shanghai, and Beijing saw significant early occupancy rates, indicating a trend of "holiday stitching" among consumers [4] AI and Travel Planning - The demand for AI-driven travel planning surged, with the DeepTrip platform experiencing a peak in hourly visits nearly three times higher than usual and a 6.5-fold increase in inquiries on October 1 [5] - Over 30% of the inquiries were related to avoiding congested routes and finding less crowded destinations [5] Tourist Attractions and Museums - The demand for transportation around popular tourist sites increased over threefold, with some areas experiencing a tenfold rise in congestion [8] - Major museums like the Forbidden City saw a 146.28% increase in visitor numbers compared to regular days, with many popular museums fully booked until mid-autumn [9][10] Local and Nearby Travel - Local leisure and nearby vacation activities saw a significant uptick, with core urban areas like Beijing, Shanghai, and Guangzhou experiencing over 100% growth in local travel interest [11] - The core business districts in cities such as Shenyang and Changchun also reported substantial increases in foot traffic, indicating a strong preference for local experiences during the holiday [11]

Core Insights - The collaboration between Tongcheng Travel and Baidu Maps revealed significant travel trends during the National Day holiday, with a notable increase in self-driving trips and tourist site visits on October 1 [1][2] Traffic Conditions - On October 1, major highways experienced severe congestion, with an average congestion mileage of 2,193.62 kilometers, a 30.11% increase compared to the same period last year [2] - The peak congestion reached 6,566.82 kilometers at 11:30 PM on September 30, indicating a high volume of long-distance self-driving travelers [2] Popular Destinations - Key tourist destinations such as the Forbidden City, National Museum of China, and Terracotta Army saw a significant increase in visitor numbers, with the Forbidden City experiencing a 146.28% rise in visitor index compared to regular days [8][9] - The demand for nearby transportation around popular scenic spots surged over three times compared to normal levels, leading to increased congestion in surrounding areas [5][7] AI Utilization - The demand for AI-driven travel planning surged, with Tongcheng Travel's AI assistant DeepTrip seeing a peak access volume nearly three times higher than usual and a 6.5-fold increase in inquiries [4] - Over 30% of the inquiries during peak hours were related to avoiding congested routes and finding less crowded destinations [4] Local Leisure and Surrounding Travel - Major cities experienced a "strong start" for local leisure and surrounding travel, with core business district foot traffic increasing significantly, particularly in cities like Shenyang and Changchun [10][11] - The local and surrounding travel interest in major cities such as Beijing, Shanghai, and Guangzhou grew over 100% compared to normal levels [11]

Core Insights - Tongcheng Travel has become the first online travel platform to achieve dual-end coverage for the "Easy Security Check" service, enhancing user experience at 41 key airports across the country [1] Service Overview - Users can access the "Easy Security Check" service through four methods: searching "Easy Security Check Reservation" on WeChat, using the Tongcheng Travel WeChat mini-program, searching "Easy Security Check" on the Tongcheng Travel App, or navigating through WeChat's city service options in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen [1] - After integrating the "Easy Security Check" service, ticket holders can make reservations up to 48 hours in advance for the service at their departure airport [1] Efficiency Metrics - The average security check time can be reduced to as fast as 3 minutes, particularly beneficial during peak hours, effectively alleviating travelers' anxiety about time constraints and long queues [1]

Core Insights - Tongcheng Travel has become the first online travel platform to achieve dual-end coverage of the "Easy Security Check" service, allowing users to book security checks at 41 airports nationwide through its WeChat mini-program or app [1][4] - The service aims to enhance user experience by providing a one-stop solution for ticket purchasing, check-in, and security check appointments, significantly reducing average security check times to as low as 3 minutes during peak hours [1][4] Group 1: Service Overview - The "Easy Security Check" service is designed to streamline the security check process using advanced technology, covering major airports in cities like Beijing, Shanghai, Guangzhou, and Shenzhen [4] - Users can access the service through four different methods, including WeChat search and the Tongcheng Travel app, facilitating easy appointment scheduling [1] Group 2: Strategic Implications - The launch of this convenient service ahead of the Mid-Autumn and National Day holidays is expected to provide a more convenient travel experience for users within the WeChat ecosystem [2] - By continuously deepening its integration within the WeChat environment, Tongcheng Travel is building a unique competitive advantage in the "social + travel" space, potentially serving as a new model for digital transformation in the industry [2]

Core Insights - The tourism industry has been experiencing a strong recovery since 2022, with a double-digit compound growth rate in tourist numbers, and is expected to maintain high growth into 2025 [1][2] - Major holidays in 2025, including the upcoming National Day, have seen record-high travel enthusiasm, with significant increases in both domestic and international travel bookings [1][2] - The recovery in the tourism sector is anticipated to create investment opportunities, particularly in the OTA (Online Travel Agency) sector, with companies like Ctrip and Tongcheng Travel showing substantial stock price increases [1][7] Industry Trends - Domestic tourism in China has shown a remarkable increase, with 3.285 billion trips taken in the first three quarters of 2025, reflecting a year-on-year growth of 20.6% [2] - International tourism is also recovering, with 690 million international tourists globally in the first half of the year, a 5% increase, largely driven by China's performance [2] - The trend of mass tourism is evident, with a notable rise in travel from lower-tier cities, as rural tourism outpaces urban tourism growth [4] Structural Changes - The tourism structure is being reshaped, with a focus on experiential travel and innovative tourism models, such as high-end customized tours and luxury cruises [5] - AI technology is evolving within the industry, leading to the emergence of new demand avenues and enhancing user experiences across the tourism value chain [5][6] - Government policies are increasingly supportive, with measures aimed at fostering cultural and tourism consumption, contributing to the sector's stability and growth [6] Investment Opportunities - The ongoing recovery in the tourism sector and the rise of AI in travel are creating investment opportunities, particularly for leading companies in the OTA space like Ctrip and Tongcheng Travel [7][9] - Ctrip has shown robust growth in its accommodation and transportation booking segments, with revenue growth exceeding 20% [7] - Tongcheng Travel has become a major player in the lower-tier city market, with 87% of its registered users coming from non-first-tier cities, and has maintained double-digit growth in its core business segments [8]

Core Insights - The upcoming 8-day holiday during the Mid-Autumn Festival and National Day is expected to drive a peak in tourism, characterized by increased short trips and upgraded long-distance travel experiences [1][6] - The dual holiday is stimulating the "viewing" and "moon appreciation" economy, with hotel bookings for scenic views selling out 30 days in advance and a 30% year-on-year increase in bookings for popular autumn destinations [1][3] Domestic Travel Trends - There is a notable increase in hotel bookings for autumn viewing destinations, with a 30% year-on-year rise in reservations for popular locations such as Sichuan, Inner Mongolia, and Xinjiang [3][4] - High-quality accommodations in urban areas and scenic countryside resorts are becoming popular choices, with a 20% increase in bookings for high-quality hotels and a 117% increase in searches for "viewing" and "moon appreciation" keywords [3][4] Travel Booking Patterns - The trend of early bookings is evident, with travel reservations made approximately 3.5 days earlier than last year, indicating a strong demand for multi-destination trips [6][7] - The average booking volume for transportation services has increased by 4.2% year-on-year, with significant growth in high-speed rail and combined "air + rail" travel options [7] International Travel Insights - The search volume for international flights has surged by over 60%, with popular destinations including South Korea, Japan, and Southeast Asian countries, driven by visa-free policies [9][10] - The booking volume for outbound cruise products has increased by over 15%, while group travel for destinations like Morocco and Serbia has seen a rise of over 30% [10]

Core Viewpoint - Tongcheng Travel has become the first online travel platform to achieve dual-end coverage of the "Easy Security Check" service, enhancing user experience in airport security processes [1][6]. Group 1: Service Overview - Users can access the "Easy Security Check" service through four methods: WeChat search, Tongcheng Travel WeChat mini-program, Tongcheng Travel APP, and specific city services in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen [3][6]. - The service allows ticket holders to book the "Easy Security Check" up to 48 hours in advance, significantly reducing average security check times to as low as 3 minutes during peak hours [3][8]. Group 2: Strategic Implications - The launch of this convenient service before the Mid-Autumn and National Day holidays is expected to enhance travel experiences for users within the WeChat ecosystem [6]. - By deepening its integration within the WeChat environment, Tongcheng Travel is building a unique competitive advantage in the "social + travel" space, potentially setting a new benchmark for digital transformation in the industry [6].

Core Viewpoint - Tongcheng Travel has become the first online travel platform to achieve dual-end coverage of the "Easy Security Check" service, allowing users to enjoy a convenient security check experience at 41 major airports nationwide [1][6]. Group 1: Service Overview - Users can access the "Easy Security Check" service through four methods: searching "Easy Security Check Appointment" on WeChat, using the Tongcheng Travel WeChat mini-program, searching on the Tongcheng Travel APP, or selecting the service through the WeChat city service menu in cities like Beijing, Shanghai, Guangzhou, and Shenzhen [3][6]. - After integrating the "Easy Security Check" service, users who have purchased tickets can make appointments for the service up to 48 hours in advance, with average security check times reduced to as fast as 3 minutes, especially beneficial during peak hours [3][7]. Group 2: Strategic Implications - The launch of this convenient service ahead of the Mid-Autumn and National Day holidays is expected to enhance the travel experience for users within the WeChat ecosystem [6]. - By continuously deepening its integration within the WeChat environment, Tongcheng Travel is building a unique competitive advantage in the "social + travel" space, potentially setting a new benchmark for digital transformation in the industry [6].