格隆汇9月19日｜曲江文旅（维权）：2025年9月18日、19日，西安曲江文化旅游股份有限公司股票连续 两个交易日内日收盘价格涨幅偏离值累计超20%，属异常波动情形，两日换手率分别为21.54%、 27.00%，累计达48.54%。公司称目前生产经营正常，无应披露未披露重大事项，控股股东也无此类信 息，未发现影响股价的媒体报道或传闻。 ...

2025年9月18日、19日，西安曲江文化旅游股份有限公司股票连续两个交易日内日收盘价格涨幅偏离值 累计超20%，属异常波动情形，两日换手率分别为21.54%、27.00%，累计达48.54%。公司称目前生产 经营正常，无应披露未披露重大事项，控股股东也无此类信息，未发现影响股价的媒体报道或传闻。 ...

Group 1 - The tourism and hotel sector in the A-share market has seen significant growth, with the sector index rising by 4.66% this week and achieving nine consecutive weeks of gains [1] - The large-scale ETF, the Fortune CSI Tourism ETF (159766), increased by 3.83% this week, marking its seventh consecutive week of growth and reaching an eight-week high [1] - Individual stocks such as Yunnan Tourism surged with a weekly increase of 36.87%, while other companies like Xiyu Tourism and Qujiang Cultural Tourism also saw substantial gains [1] Group 2 - The upcoming Mid-Autumn Festival and National Day holidays are expected to drive high demand in the tourism market, supported by policy measures, capacity assurance, and upgraded consumer demand [2] - The National Day holiday is projected to see a year-on-year increase of 7.0% and 8.3% in domestic tourism revenue per capita [2] - The recovery of consumer confidence and ongoing policies to boost domestic demand are anticipated to sustain the tourism industry's recovery [2] Group 3 - Recent policy measures aimed at expanding service consumption are contributing to the upward trend in the tourism and hotel sector [3] - The Ministry of Commerce and other departments have introduced 19 initiatives to stimulate service consumption, which are expected to create new growth opportunities in sectors like education, healthcare, culture, and tourism [3] - Leading companies in the domestic tourism industry reported robust growth in their mid-year financial results, with Ctrip's revenue increasing by 16.21% and net profit by 12.01%, while Tongcheng Travel's revenue rose by 11.53% and net profit by 57.86% [3]

每经记者｜王砚丹 每经编辑｜何小桃 赵云 9月19日，A股三大指数集体下跌，截至收盘，上证指数跌0.3%，深证成指跌0.04%，创业板指跌0.16%。沪深京三市全天成交额23494亿元，较上日缩量 8172亿元。全市场超3400只个股下跌。 东莞证券指出，2025年上半年，国内外出游需求保持火热，但旅游消费更加理性，行业竞争仍较激烈。考虑到去年"924"以来国内宏观经济环境改善，政 策重心转向促消费，预计下半年国内旅游出行仍有释放空间。从业绩弹性和长期景气度来看，建议关注需求稳定有增长的部分自然景区如祥源文旅 (600576)、三特索道(002159)、长白山(603099)等；业绩稳定低估值的酒店龙头，如锦江酒店(600754)、首旅酒店（600258）等。 此外，值得一提的是，文旅酒店板块并非与科技板块是此消彼长的关系，实际上，文旅酒店正在努力拥抱科技变革，以实现服务效率提升并提高消费者满 意度。 板块题材上，能源金属、光刻机、教育、旅游及酒店、煤炭、工程机械板块涨幅居前；人形机器人、造纸、创新药、多元金融、液冷服务器板块跌幅居 前。 值得注意的是，2025年的国庆节与中秋节再度"相逢"，形成长达8天的超 ...

国庆中秋假期临近，提振旅游出行板块。据悉，2025年国庆与中秋"双节合一"形成8天超长假期，叠 加"拼假"政策延伸出12天超长假期，旅游出行市场已进入预订高峰期，机票、火车票、用车等在内的交 通服务人均预订量较去年增长约10%，且有进一步上涨势头。 （文章来源：证券时报网） 机构表示，考虑今年中秋国庆共8天假期或刺激旅游需求，且部分暑期因极端天气递延的需求或于中秋 国庆假期释放，期待假期休闲旅游需求表现。目前假期预订数据表现较好，如去哪儿数据显示，截至9 月16日，中秋国庆假期国内游和出境游出游意愿同比去年分别增长三成和超四成；飞猪数据显示，在拼 假策略带动下，今年假期旅游预订较去年提前约3.5天，多目的地"串游"趋势明显。建议关注有望迎来 拐点、边际改善或受益于服务消费政策的公司。 旅游出行板块19日盘中大幅拉升，截至发稿，西域旅游涨约12%，盘中创出新高；云南旅游涨停斩获3 连板，桂林旅游、曲江文旅亦涨停，西安旅游涨超4%。 ...

Group 1: Tourism Market Overview - The upcoming National Day holiday, combined with the Mid-Autumn Festival, is expected to drive significant tourism activity, with an 8-day holiday period prompting early travel planning [2] - Predictions indicate that from September 29 to October 10, approximately 219 million railway passengers will be transported, with October 1 expected to be the peak travel day [2] - The domestic tourism market is experiencing a surge, with a notable increase in hotel searches by 400% month-on-month and a 40% year-on-year increase compared to the same period last year [4] Group 2: Travel Trends and Preferences - There is a growing trend towards short-distance travel and an increase in the quality of long-distance trips, with a significant rise in search volume for domestic flights exceeding 30% year-on-year [5] - Popular domestic destinations include major cities with rich cultural and natural resources, while lesser-known destinations are also gaining popularity, with some experiencing over 60% growth in flight search volume [5][6] - The demand for red tourism and scenic spots in northern and southern regions is expected to drive local tourism consumption [6] Group 3: Outbound Travel Dynamics - The outbound travel market is rebounding strongly, with search interest nearly doubling compared to last year, particularly among younger travelers seeking diverse destinations [7] - Japan remains the top searched destination, with significant interest in new direct flights to Greece, resulting in a 7-fold increase in search volume [7][8] - The overall price for outbound travel is stable or slightly decreasing, with specific markets like Japan seeing a 15% drop due to favorable exchange rates [8] Group 4: Market Sentiment and Stock Performance - On September 18, tourism and hotel stocks saw a rise, with companies like Qujiang Cultural Tourism and Yunnan Tourism experiencing significant gains [3][9] - Analysts suggest that the recovery of average spending per customer during the holiday could positively influence market sentiment [10] Group 5: Government Initiatives and Consumer Incentives - The government has introduced measures to expand service consumption, including a three-year action plan for cultural and tourism consumption, which includes issuing consumption vouchers and promoting various cultural events [10][11] - Local governments are expected to enhance tourism experiences through subsidies and promotional activities, which are anticipated to stimulate market growth and consumer spending [11]

Group 1 - The tourism and hotel sector experienced a partial rally, with Qujiang Cultural Tourism hitting the daily limit up [1] - Yunnan Tourism previously reached the daily limit up, indicating strong market interest [1] - Other companies such as Xiyu Tourism, Xi'an Tourism, and Tongqinglou also saw increases in their stock prices [1]

沪指9月18日下跌1.15%，申万所属行业中，今日上涨的有3个，涨幅居前的行业为电子、通信、社会服 务，涨幅分别为0.93%、0.19%、0.03%。社会服务行业位居今日涨幅榜第三。跌幅居前的行业为有色金 属、综合，跌幅分别为3.56%、2.85%。 社会服务行业资金流向排名 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600706 | 曲江文旅 | 10.01 | 21.54 | 12706.08 | | 600749 | 西藏旅游 | 7.06 | 19.23 | 8061.45 | | 000428 | 华天酒店 | 6.19 | 14.28 | 7779.15 | | 300192 | 科德教育 | 1.35 | 11.87 | 6679.32 | | 600754 | 锦江酒店 | 2.84 | 4.39 | 6312.31 | | 002033 | 丽江股份 | 5.01 | 13.75 | 5670.68 | | 000721 | 西安饮食 | 4.94 | 20.68 | 43 ...

Core Insights - The tourism and scenic spots sector experienced a rise of 2.37% on September 18, with Yunnan Tourism leading the gains [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Sector Performance - Yunnan Tourism (002059) saw a closing price of 6.68, with a significant increase of 10.05% and a trading volume of 1.1964 million shares, amounting to a transaction value of 765 million [1] - Qujiang Cultural Tourism (600706) also performed well, closing at 11.87 with a rise of 10.01% and a trading volume of 547,300 shares, resulting in a transaction value of 630 million [1] - Other notable performers included Tibet Tourism (600749) with a 7.06% increase, closing at 23.96, and Xi'an Tourism (000610) with a 6.69% increase, closing at 15.00 [1] Capital Flow - The tourism and scenic spots sector saw a net inflow of 232 million in main funds, while retail investors experienced a net outflow of 216 million [2][3] - The main funds' net inflow for Qujiang Cultural Tourism was 126 million, while it faced a net outflow of 48.38 million from speculative funds [3] - Tibet Tourism had a net inflow of 82.42 million from main funds, with a net outflow of 33.97 million from speculative funds [3]

倒车接人还是进入调整阶段？ 港股市场午后亦明显走弱。港股午后随A股跌幅扩大，恒生指数一度跌超400点。恒生科技指数回吐逾2%涨势转跌0.5%，AI、机器人、半导体行业冲高回落。 昨晚，美联储降息，但外围大宗商品集体大幅回落，美元指数亦反弹至97上方。分析人士认为，这可能是一次博弈美联储降息之后的兑现操作。从人民币走势来 看，虽然美元指数大幅反弹，但人民币贬值力度并不大。中国8月Swift人民币在全球支付中占比2.93%，前值2.88%。 从杀跌结构来看，红利板块大幅走弱，可能是市场杀跌主因。午后，金融科技全线走弱，加大了市场回调压力。成份股中荣科科技、银之杰、指南针、同花顺、财 富趋势等皆出现大跌行情。 消息面上，反而有利好消息传出。德国万亿欧元资产管理机构DWS首席执行官Stefan Hoops日前透露，今年10月将于欧洲推出跟踪中证A500指数的ETF，为海外投 资者提供布局中国资产的新工具，届时DWS或成为全球首家推出跟踪中证A500指数的ETF的海外机构。 今日（9月18日）午后，A股突然回调。上证指数、创业板指盘中双双跌超1%，机器人、半导体产业链大幅回落，有色行业跌幅进一步扩大，场内上涨个股 降至 ...