从资金流向上来看，当日酒店餐饮板块主力资金净流出3395.42万元，游资资金净流入265.81万元，散户 资金净流入3129.61万元。酒店餐饮板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600258 首旅酒店 | | 2362.49万 | 7.23% | -103.05万 | -0.32% | -2259.44万 | -6.91% | | 000428 华天酒店 | | 1404.78万 | 7.75% | -710.40万 | -3.92% | -694.38万 | -3.83% | | 605108 | 同庆楼 | -232.80万 | -2.72% | -380.35万 | -4.45% | 613.14万 | 7.18% | | 301073 君享酒店 | | -240.53万 | -1.18% | 207.38万 | 1.02% | 33.15万 | 0.16% | | 0 ...

每经AI快讯，锦江酒店1月19日晚间发布公告称，截至本公告披露日，公司及下属全资子公司实际发生 的对外担保总额为125915.04万欧元，折合人民币约为102.11亿元，占公司最近一期经审计的归母净资产 的66.27%，不存在逾期担保。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 （记者 曾健辉） 每经头条（nbdtoutiao）——短剧大爆发，吸纳69万人就业！一度送外卖的演员也找到工作：收入还算 可观但太累，剧组常备速效救心丸，拍睡觉戏真能睡着 ...

证券代码：600754/900934 证券简称：锦江酒店/锦江B股 公告编号：2026-003 上海锦江国际酒店股份有限公司 关于为全资子公司海路投资提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人名称：本公司全资子公司 Sailing Investment Co, S.à r.l. （卢森堡海路投资有限公司，以下简称"海路投资"） 本次担保金额：10,000 万欧元，截至本公告日，公司为海路投资担保的 余额为 96,525.04 万欧元。 特别风险提示：海路投资存在资产负债率超过 70%的情形，请投资者注意 投资风险。 一、担保情况概述 于 2026 年 1 月 19 日，上海锦江国际酒店股份有限公司（以下简称"锦江酒 店"、"本公司"或"公司"）与上海浦东发展银行股份有限公司闸北支行（以 下简称"浦发银行"）就海路投资申请 10,000 万欧元流动资金借款合同签署《保 证合同》。 上述担保事项已经公司第十届董事会第三十八次会议、2024年年度股东会审 议通过。股东会批准并授权公司经营 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301073 | 君亭酒店 | 31.75 | 6.79% | 11.18万 | 3.52 Z | | 600754 | 锦江酒店 | 27.54 | 4.95% | 19.70万 | 5.38亿 | | 600258 | 首旅酒店 | 17.52 | 4.78% | 25.03万 | 4.36 Z | | 601007 | 金陵饭店 | 8.10 | 3.58% | 21.41万 | 1.72亿 | | 000428 | 华天酒店 | 3.60 | 3.45% | 87.53万 | 3.18亿 | | 002306 | *ST云网 | 2.13 | 1.91% | 20.21万 | 4243.29万 | | 605108 | 同庆楼 | 20.29 | 1.81% | 8.08万 | 1.63亿 | | 002186 | 全聚德 | 12.61 | 1.78% | 19.49万 | 2.43 Z | | 000721 | 西安饮食 | 9.81 ...

Investment Rating - The report maintains a positive investment rating for the industry, highlighting a favorable outlook for the tourism and leisure sectors due to government policies aimed at boosting domestic consumption and service spending [1][35]. Core Insights - The report emphasizes the recovery of domestic tourism, with expected growth rates of 12% in revenue and 18% in visitor numbers for Q1-Q3 2025, driven by sustained leisure travel demand and the rise of experiential consumption [1][35]. - The overall tourism market is projected to grow by over 10% for the year, supported by government initiatives such as promoting spring and autumn travel and issuing cultural tourism consumption vouchers [1][35]. - Key companies recommended for investment include China Duty Free Group, Jin Jiang Hotels, Shouqi Group, Tongcheng Travel, and Ctrip Group, alongside high-growth tea beverage stocks like Gu Ming and low-valuation restaurant growth stocks like Green Tea Group [1][35]. Summary by Sections 1. Restaurant Sector - Offline consumption is gradually recovering, with Q4 restaurant revenue showing steady growth, achieving 519.9 billion and 605.7 billion yuan in October and November 2025, respectively, with year-on-year growth of 4.99% and 4.40% [7][10]. - Leading restaurant companies are recovering faster than the industry average, with significant revenue increases noted for major players [10][14]. 2. Tea Beverage Sector - The tea beverage sector has seen a surge in same-store sales growth due to delivery subsidies, with leading brands like Gu Ming and Hu Shang A Yi maintaining high growth rates of 15-20% [7][10][14]. - The number of new store openings has doubled compared to 2024, indicating aggressive expansion strategies among top brands [16]. 3. OTA (Online Travel Agency) - The recovery of outbound travel demand is evident, with strong performance in Southeast Asia routes and a notable increase in visitor numbers to Japan and South Korea [20][24]. - The report highlights the long-term profit potential of leading OTA companies like Ctrip and Tongcheng Travel, driven by the ongoing recovery in leisure travel demand and improved commission rates [24][25]. 4. Hotel Sector - The hotel industry is expected to see a stable RevPAR (Revenue per Available Room) in Q4, with a year-on-year growth of 6-8% in room supply [29][30]. - Major hotel chains like Shouqi and Jin Jiang are projected to maintain or improve their performance, benefiting from cost reductions and increased guest traffic during holiday periods [29][30][31]. 5. Investment Recommendations - The report suggests focusing on the travel sector, particularly companies involved in OTA, hotels, and scenic spots, as they are likely to benefit from favorable government policies [1][35]. - Additionally, it recommends investing in high-growth tea beverage stocks and undervalued restaurant growth stocks, indicating a diversified approach to capitalizing on the recovery in consumer spending [1][35].

国信证券指出，2026年提振内需成为经济发展重中之重，其中我国居民服务消费对比海外具备较大提升 潜力，有望成为国家在商品消费补贴进一步优化基础上的新抓手，金钱、时间、供给侧约束都为政策提 供良好着力点。板块资金配置处于历史低位且整体估值已反映诸多悲观预期，建议重视2026年服务消费 元年，伴随政策逐步向居民收入预期等传导，全年维度布局通胀预期修复与细分景气两条主线。 （文章来源：证券时报网） 旅游出行板块19日盘中发力走高，截至发稿，九华旅游涨停，君亭酒店涨约7%，大连圣亚涨超5%，首 旅酒店、锦江酒店涨超4%。 近期服务消费领域政策持续加码，为行业发展注入新活力。全国商务工作会议再次强调"释放服务消费 潜力"，特别强调提升海南自贸港的贸易投资自由化便利化水平；上海同步推出16条举措，旨在通过文 博延时开放、文旅体融合等活动激发消费活力；多部门印发《扩大职工文体消费意见》，鼓励基层工会 每年最多可开展四次春秋游活动。鼓励各级工会联合文旅、电影、体育等部门，推出职工专属文体旅优 惠产品与服务，支持购买景区年票，发放文旅消费券、电影券。 ...

有券商表示，从供给层面看，旅游景区、酒店、旅行社和旅游零售等各个业态均全面复苏。政策层面上， 国家持续出台产业政策，从规范行业发展、加大优质旅游产品和服务供给、优化旅游基础设施投入、完善 旅游交通服务、拓宽行业融资渠道等多方面给予支持，积极推动旅游业高质量发展。 旅游概念股走强，中国东航涨超5%，中国国航、锦江酒店、首旅酒店涨超4%。 受盘面影响，旅游ETF涨约3%。 此外，随着春节假期延长，叠加冰雪旅游热度提升、免税免签政策陆续出台等，旅游板块近期热度显著提 升。 （文章来源：每日经济新闻） ...

1月19日，锦江酒店涨5.14%，截至发稿，报27.59元/股，成交2.56亿元，换手率1.04%，总市值294.19亿 元。 从锦江酒店十大流通股东角度 数据显示，富国基金旗下1只基金位居锦江酒店十大流通股东。富国中证旅游主题ETF（159766）三季 度增持348.81万股，持有股数941.05万股，占流通股的比例为0.89%。根据测算，今日浮盈赚取约 1270.42万元。 富国中证旅游主题ETF（159766）成立日期2021年7月15日，最新规模49.27亿。今年以来亏损1.97%， 同类排名5472/5579；近一年收益17.6%，同类排名3491/4225；成立以来亏损20.83%。 富国中证旅游主题ETF（159766）基金经理为殷钦怡、曹璐迪。 截至发稿，殷钦怡累计任职时间1年181天，现任基金资产总规模209.24亿元，任职期间最佳基金回报 104.8%， 任职期间最差基金回报-12.93%。 曹璐迪累计任职时间5年246天，现任基金资产总规模204.56亿元，任职期间最佳基金回报130.77%， 任 职期间最差基金回报-44.98%。 资料显示，上海锦江国际酒店股份有限公司位于上海市延安东 ...

Core Insights - The hotel industry is facing a significant downturn, with many brands struggling to maintain profitability and market presence as evidenced by the forced delisting of Buding Hotels and the sudden closure of Marriott's Hangzhou hotel [1][2] - Economic hotel room availability is declining, with only 54% of the market share remaining by the end of 2024, and major players like Jinjiang, Shoulv, and Huazhu are shifting focus from expansion to renovation of existing properties [1][3] - The competitive landscape is evolving from a focus on scale to one emphasizing quality and innovation, with a notable shift towards the "stay + retail" model as a new revenue stream [5][6] Industry Trends - The global hotel industry is experiencing high saturation, with new brand survival rates below 35%, leading to significant closures among older, less profitable properties [3] - Major hotel groups are reporting mixed financial results, with Huazhu leading in occupancy rates and revenue per available room (RevPAR), while Jinjiang shows revenue decline despite profit growth [4] - The shift towards a "quality era" in the hotel industry is marked by a focus on operational efficiency, cost control, and innovative business models rather than mere expansion [4][10] Innovations and Strategies - The integration of AI technology is transforming hotel operations, with predictions that 75% of hotels will automate processes by 2025, although the domestic market still lags in implementation [8][9] - The "stay + retail" model is gaining traction, with hotels like Atour and Hanting introducing retail options that enhance guest experiences and increase non-room revenue [5][6] - Future success in the hotel industry will depend on the ability to offer tailored products and services that meet the diverse needs of different customer segments, alongside maintaining quality control in a franchise-heavy environment [10]

专题：第九届世界浙商上海论坛暨2025上海市浙江商会年会 来源：上海市浙江商会 "奔涌"，是浙商与时代同频的脉搏，也是商海砥砺铸就的精神图腾。 1月18日，第九届世界浙商上海论坛暨2025上海市浙江商会年会将于上海国际会议中心开幕。本届论坛 以"奔涌"为主题，聚焦中国经济浪潮中浙商的韧性、创新与抱负，持续推动科学家与企业家"双向奔 赴"。 我们特别邀请了郑庆华、王建宇、郭广昌、陆朝阳、谢欣、朱军红、赵延平、任斌等院士专家、技术先 锋及知名企业家作交流分享，为浙商"奔涌"向前，迈向高质量发展带来新的时代注解。 论坛抢先看 -奔腾- 郑庆华 中国工程院院士，同济大学党委书记 AI+概念不断深入人心，从数据流演变到物理交互，AI的应用如何为世界的变革注入澎湃动力？ 谢 欣 飞书CEO 近年来，AI正在"更懂你的业务"，这位贯彻"AI-first"理念的企业家将带来行业的思考与实践。 -奔赴- 王建宇、陆朝阳、朱军红、赵延平、任 斌 从浩瀚宇宙到微观粒子，从苍穹之眼到大地脉动，我们看到了硬科技赛道上"奔赴"的多元图景，既有科 学家的执着探索，也有企业家的务实创新，更有科技与产业协同的强大合力。 -奔流- 王均金 商会 ...