news flash·2025-05-06 23:46Core Viewpoint - The report from Huatai Securities indicates that the consumption during the May Day holiday continues to show a recovery trend, with stable growth in consumer spending across most provinces and cities, driven by trade-in programs and emotional value consumption [1] Group 1: Consumption Trends - The willingness to travel has increased, leading to diversified cultural and tourism consumption [1] - The implementation of the outbound tax refund policy has boosted the vitality of inbound tourism [1] Group 2: Hotel and Dining Sector - Hotel prices have stabilized and begun to recover, with demand being stimulated by consumption vouchers [1] - The vitality of the lower-tier markets is stronger, indicating a broader recovery in consumer spending [1] Group 3: Future Outlook - With the gradual rollout of policies aimed at boosting consumption, there is an optimistic outlook for the fundamental improvement of the consumer sector by 2025, along with a revaluation of leading companies [1]