Group 1 - The core viewpoint is that after the full closure of Hainan, the cultural and tourism market is experiencing explosive growth characterized by "duty-free consumption explosion, surge in inbound tourist flow, and upgrade in tourism transportation" [1] - The report suggests focusing on stocks related to leading duty-free operators, tourism transportation hubs, and local cultural tourism operators in Hainan, specifically mentioning China Duty Free Group (01880) and Meilan Airport (00357) [1] Group 2 - During the New Year holiday, domestic travel in China reached 142 million trips with total spending of 84.789 billion yuan, while Hainan welcomed 2.1716 million tourists, a year-on-year increase of 25.2%, and total tourism revenue of 3.136 billion yuan, up 28.9% [2] - The inbound tourism market in Hainan saw a "explosive growth" with a fivefold increase in ticket orders for Sanya and nearly threefold for Haikou, with Malaysia, Thailand, South Korea, Vietnam, and Australia being the main sources of inbound tourists [2][3] - The duty-free sales during the New Year holiday reached 712 million yuan, a staggering increase of 128.9%, with the average spending per customer rising to 8,527 yuan, indicating strong consumer enthusiasm driven by policy optimization and promotional activities [3]