GBIAC(SH:600004) Zhong Guo Min Hang Wang·2025-11-10 09:48Core Insights - The Guangzhou Baiyun Airport has seen a significant increase in inbound and outbound passenger traffic, surpassing 14.71 million by November 9, 2023, which is already more than the total expected for the entire year of 2024, accounting for approximately 13% of the national total [1][3] - The implementation of visa-free policies has led to a steady rise in international passenger flow, with a 19% increase in total outbound and inbound traffic compared to the previous year, driven primarily by a 36.5% increase in foreign arrivals [3][4] Visa Policy and Passenger Growth - China has expanded its visa-free policy to 47 countries, with 240-hour transit visa exemptions available for 55 countries, significantly enhancing travel convenience [3] - Inbound foreign passengers exceeded 2.6 million, making up about 38% of total inbound traffic, with a notable 135% increase in those utilizing the 240-hour transit visa exemption [3][4] Airport Operations and Technology - The Guangzhou Baiyun Airport is optimizing the entry and exit procedures for foreign passengers by implementing AI technologies and enhancing service efficiency, including the introduction of AI digital assistants [4][7] - The airport has expanded its international route network to over 146 routes covering 105 major cities globally, with significant increases in flights to Southeast Asia and the Middle East [5][6] Domestic Travel Demand - Domestic travelers using the Guangzhou Baiyun Airport have also increased, with nearly 8.46 million outbound trips recorded, reflecting a 12.8% year-on-year growth [6] - Popular destinations for outbound travelers include Thailand, Malaysia, and Vietnam, indicating strong demand for travel in the region [6] Event-Driven Traffic Surge - Major events such as the 15th National Games and the 138th China Import and Export Fair have contributed to a rise in daily inbound traffic, reaching an average of 26,000 passengers, a 24% increase year-on-year [8] - The airport has established a collaborative mechanism with event organizers to ensure efficient processing of participants and attendees, enhancing the overall travel experience [8][11] Commitment to Service Quality - The Guangzhou Baiyun Airport is focused on improving customs clearance efficiency through technological advancements and streamlined processes, aiming for "second-level" clearance for Chinese citizens [7][11] - Special channels for vulnerable groups and enhanced service measures are in place to ensure a smooth and efficient travel experience for all passengers [7][11]