Core Points - Ctrip Group has announced a special guarantee plan due to the delay of Disney's Adventure Cruise affecting customer itineraries [1] - The guarantee plan offers free rescheduling or full refund services for eligible flight and hotel bookings impacted by the cruise delay [1] - Ctrip will contact affected customers by September 30, 2025, to provide solutions and will refund any additional losses by the end of September [1] Summary by Category Company Actions - Ctrip has implemented a special guarantee plan for customers affected by the delay of Disney's Adventure Cruise [1] - The plan applies to customers with bookings from December 15, 2025, to March 12, 2026 [1] - Ctrip will provide support for round-trip flights to Singapore and local hotel bookings made through its platform within 7 days of the original itinerary [1] Customer Support - Ctrip's customer service team will reach out to affected customers to offer either free rescheduling or cancellation without loss [1] - The company aims to minimize actual losses for customers by refunding any additional costs incurred during the rescheduling or cancellation process [1] - Refund processes are being coordinated with Disney Cruise Line, with implementation expected within the week [1]

Core Viewpoint - The recent postponement of certain voyages of the Disney Wonder cruise has significantly impacted travelers, leading to concerns over who will bear the associated costs [1] Group 1: Impact on Travelers - The postponement has resulted in financial losses for some travelers due to changes in flight and hotel bookings [1] - Affected travelers have reported issues with their travel arrangements, prompting responses from online travel agencies (OTAs) [1] Group 2: OTA Response - Ctrip Cruise announced a special guarantee plan on September 16, offering free rescheduling or full refunds for eligible flight and hotel bookings affected by the cruise delay [1] - The guarantee applies to Ctrip Cruise customers whose travel dates fall between December 15, 2025, and March 12, 2026 [1] - Ctrip will contact affected customers by September 30, 2025, to provide solutions and will refund any additional losses incurred during the rescheduling process [1] Group 3: Disney Wonder Specifications - The Disney Wonder has a gross tonnage of 208,000 tons and can accommodate 6,700 passengers and 2,500 crew members [1]

Group 1 - The report from Citigroup highlights new policies from the Ministry of Commerce aimed at attracting more inbound tourists and optimizing student holiday arrangements, which may significantly boost long-term family travel [1] - The upcoming National Day holiday will last for 8 days, one day longer than last year, leading to strong travel demand, particularly for long-distance and outbound travel [1] - The China Railway Group predicts that during the 12-day railway transport period, passenger volume will reach 219 million, averaging 18.25 million passengers per day, compared to 177 million passengers during the 10-day period last year, averaging 17.7 million per day [1] Group 2 - Citigroup maintains a "Buy" rating for Trip.com and Tongcheng, with target prices set at $85 and HKD 28 respectively [1]

Group 1 - Disney's Adventure cruise has postponed some voyages, affecting travel plans for customers [1] - Ctrip announced a free rescheduling or full refund service for eligible flight and hotel bookings impacted by the cruise delay [1] - The guarantee applies to Ctrip cruise customers affected by the postponement for travel dates between December 15, 2025, and March 12, 2026 [1] Group 2 - Ctrip will provide support for customers to book round-trip flights to Singapore and local hotel reservations within 7 days before and after the original travel schedule [1] - Ctrip is collaborating with Disney Cruise Line to expedite the refund process, which is expected to begin implementation within the week [1]

Market Overview - The US stock market indices closed lower on September 16, with the Dow Jones Industrial Average down by 0.35% and the S&P 500 down by 0.12% [2] - The Nasdaq China Golden Dragon Index rose by 1.05%, reaching 8540 points, marking a new high since February 2022, with a year-to-date increase of over 26% [1][2] Technology Sector Performance - Major tech stocks showed mixed results, with Tesla increasing by 2.38%, while Google, Microsoft, and Nvidia experienced slight declines [3] - The Nasdaq 100 index saw a minor decrease of 0.03%, while the WenDe US Tech Giants Index rose by 0.31% [2] Chinese Stocks - Chinese stocks performed strongly, with several stocks like ROBO.AI and INTERCONT seeing significant gains of 42.33% and 29.23% respectively [4] - Notable increases were also observed in other Chinese tech stocks, with Baidu up by 5.04% and NIO up by 3% [5] Gold Market - The gold market experienced a surge, with spot gold prices rising above $3700 per ounce, marking a historical high and a year-to-date increase of $1076 per ounce [5] Federal Reserve's Interest Rate Decisions - The Federal Reserve is expected to announce a rate cut, with market predictions suggesting a reduction of at least 25 basis points [6][7] - There is a possibility of dissent within the Fed, which could lead to a more cautious approach to future rate cuts [8] Impact on Chinese Assets - The anticipated Fed rate cut may trigger a global trend of central bank rate reductions, potentially benefiting the A-share market in China [9] - Analysts suggest that sectors sensitive to interest rates, such as AI, semiconductors, and innovative pharmaceuticals, may see positive impacts from a lower interest rate environment [10]

9月16日，临近尾盘，港股携程集团股价一度突破600港元，再创历史新高。截至收盘，报597.50港元， 日内涨超4%，总市值超4200亿港元。 ...

相关事件 携程集团-S(9961.HK)午后进一步上扬，一度涨4.62%至600.5港元，股价创历史新高，市值达3927亿港 元。 消息面上，携程商旅近期收购了欧洲差旅管理公司Key Travel。Key Travel号称全球最大的专注于 人道主义、宗教机构及学术差旅领域的旅行管理公司，为非营利组织提供24/7全球差旅支持，在欧洲、 北美和非洲9个国家开展业务。携程商旅CEO宋涛表示，携程商旅通过自建和收购等方式不断发展壮大 国际业务，月初刚收购了欧洲的一个TMC，增加了在欧洲6个+北美1个+非洲1个，共计8个市场的覆 盖。目前携程商旅在全球自营的市场超过20个。 交银国际认为，当前内地市场竞争环境中携程处于有 利地位，营销投入投放效率提升趋势将持续。基于2026年市盈率20倍，将公司目标价从591港元上调至 653港元，维持"买入"评级。花旗预期公司的国内收入增长将保持韧性，客房过夜数量仍然可观，而 Trip.com的强劲势头或会持续到第三季度，将其2025至27年的盈测分别上调2%、2%及3%，中资科网股 首选携程等。大华继显亦维持中资科网股"增持"评级，首选携程等股票，并上调携程目标价至725港 元。( ...

携程集团-S(9961.HK)午后进一步上扬，一度涨4.62%至600.5港元，股价创历史新高，市值达3927亿港元。 消息面上，携程商旅近期收购了欧洲差旅管理公司Key Travel。Key Travel号称全球最大的专注于人道主义、宗教机构及学术差旅领域的旅行管理公司，为非 营利组织提供24/7全球差旅支持，在欧洲、北美和非洲9个国家开展业务。携程商旅CEO宋涛表示，携程商旅通过自建和收购等方式不断发展壮大国际业 务，月初刚收购了欧洲的一个TMC，增加了在欧洲6个+北美1个+非洲1个，共计8个市场的覆盖。目前携程商旅在全球自营的市场超过20个。 交银国际认为，当前内地市场竞争环境中携程处于有利地位，营销投入投放效率提升趋势将持续。基于2026年市盈率20倍，将公司目标价从591港元上调至 653港元，维持"买入"评级。花旗预期公司的国内收入增长将保持韧性，客房过夜数量仍然可观，而Trip.com的强劲势头或会持续到第三季度，将其2025至 27年的盈测分别上调2%、2%及3%，中资科网股首选携程等。大华继显亦维持中资科网股"增持"评级，首选携程等股票，并上调携程目标价至725港元。(格 隆汇) ...

每经AI快讯，9月16日，携程集团股价突破600港元，再创历史新高，日内涨4.4%。 ...

消息面上，国新办9月17日就扩大服务消费有关政策措施举行新闻发布会。此外，随着中秋节和国庆节 假期临近，旅游市场热度持续攀升，相关产品进入预订高峰期。华西证券指，国庆中秋假期进入预定高 峰，黄金周旅游市场有望持续增长。财通证券近日研报表示，公司作为国内OTA行业龙头，在供应链、 用户心智及全球化资源整合等方面建立深厚竞争壁垒。国内旅游市场复苏为公司国内业务增长提供稳定 支撑，出入境及国际业务成为中长期业绩增长的核心驱动力。 携程集团-S(09961)涨超3%，截至发稿，涨3.66%，报595港元，成交额8.05亿港元。 ...