TRIP.COM(US:TCOM) Zhi Tong Cai Jing·2025-10-10 14:26Core Insights - Ctrip (TCOM.US) shares rose nearly 5% to $74.59 following a report from Guozheng International, which highlighted a significant increase in domestic tourism revenue and participation for the 2025 National Day holiday [1] Group 1: Tourism Revenue and Participation - According to the Ministry of Culture and Tourism, domestic tourism revenue for the 2025 National Day holiday is projected to reach 809 billion yuan, with 890 million tourists expected [1] - The total tourism revenue per capita is expected to increase by 15% year-on-year, while the daily average revenue per capita is projected to grow by 1.0% year-on-year [1] - The average spending per tourist is estimated at 911 yuan, slightly better than previous expectations of 905 yuan, with a year-on-year decline of 0.6%, which is an improvement from earlier forecasts of a 1.2% decline [1] Group 2: Travel Trends - Ctrip's report on the 2025 National Day and Mid-Autumn Festival tourism indicates that long-distance travel and in-depth experiences are becoming the main trends for this year's holiday [1] - The proportion of long-distance domestic travel orders has increased by 3 percentage points compared to last year, and outbound long-haul travel is also seeing a surge in demand, with orders to several European destinations doubling [1] - The trend of "night tours" has seen a significant increase, with search popularity on Ctrip rising over 200% compared to previous periods [1]