February 24, 2026 04:01 PM GMT China Transportation | Asia Pacific CNY Holiday: Tourism - A Consumption Bright Spot Key Takeaways CNY Public Holiday: 2026 Feb 15-23, 9 days; vs. 2025 Jan 28-Feb 4, 8 days. MoT Data: In the CNY holiday (9 days in total), average daily air pax grew 7.4% YoY, while total air pax grew 21% YoY with one extra day. National Immigration Administration: Daily cross-border travellers grew 10.1% YoY (+24% YoY growth in total with one extra day). On a daily basis: | M | | | | --- | --- ...

Group 1 - The core theme of the 2026 Spring Festival in Guangzhou is the integration of traditional customs with modern consumption, highlighted by the "Year Taste Guangzhou · Flower Street" theme and various government policies to stimulate consumer spending [1] - During the Spring Festival holiday, Guangzhou's overall consumption increased by 11.25% compared to the previous year, with significant growth in beverages (38.5%), communication equipment (22.3%), cosmetics (28.6%), and clothing (15.2%) [1] - The restaurant sector also saw a year-on-year increase of 13.1% in consumption during the holiday period [1] Group 2 - The Guangzhou Municipal Bureau of Commerce launched the "Food in Guangzhou" initiative, distributing 50 million yuan in government dining vouchers to stimulate the restaurant industry, attracting both local and foreign tourists [2] - The city experienced a surge in visitors, with 4.953 million tourists attending the Spring Festival flower markets across 11 districts, showcasing the integration of food, travel, culture, and sports [2] - Major shopping districts like Beijing Road and Changlong Wanbo saw significant foot traffic, with 4.2815 million and 3.5697 million visitors respectively, marking increases of 6.43% and 10% compared to the previous year [3] Group 3 - Online consumption also thrived alongside offline sales, with e-commerce platforms like Vipshop, JD, and Taobao launching promotional activities during the "Spring Action" campaign, offering subsidies and discounts [5] - Guangzhou remains a top destination for international tourists, with over 34,000 foreign visitors entering through Baiyun Airport, reflecting a 51.1% year-on-year increase [5]

Group 1: Transportation Industry Insights - The Spring Festival travel peak has shown a significant increase in passenger volume and ticket prices, indicating an industry turning point. The total inter-regional passenger flow reached 5.08 billion, with a year-on-year growth of 5.5% [3][4] - During the first 20 days of the Spring Festival, the civil aviation passenger volume increased by 6.0% year-on-year, with an average ticket price of 943 yuan, up 3.5% year-on-year [3][4] - The civil aviation industry is expected to maintain a growth rate of over 5% in passenger volume for 2026, supported by a recovery in business travel and a high seat occupancy rate [5] Group 2: Chemical Industry Outlook - The chemical industry is entering a favorable cycle with rising prices due to the upcoming peak season and a global trend of reducing overcapacity. The focus is on the recovery of demand and the potential for increased dividend yields from leading companies [6][8] - Key sectors to watch include coal chemical, oil refining, and agricultural chemicals, with specific companies highlighted for their strong performance potential [8][9] - The industry is expected to benefit from a reduction in supply and increased demand, particularly in sectors like PTA and tire manufacturing, as well as in the context of AI-driven demand [8][9] Group 3: Coal Market Dynamics - The price of thermal coal has risen to 718 yuan per ton, reflecting a week-on-week increase of 23 yuan, driven by supply constraints and increased demand from power plants [45][46] - The competitiveness of imported coal has diminished, leading to a favorable outlook for domestic coal prices as supply tightens and demand remains stable [45][46] - The overall coal mining industry is expected to see a long-term upward trend in prices due to rising operational costs and regulatory pressures, with a focus on maintaining high-quality assets and cash flow [47]

Core Insights - The report highlights the significant advancements in robotics showcased during the 2026 CCTV Spring Festival Gala, emphasizing the progress in hardware, control systems, and bionic technologies [2][11] - The polyester industry is experiencing a recovery, with leading companies benefiting from an integrated supply chain and improved demand dynamics [3][12] Mechanical Industry - The 2026 Spring Festival Gala featured performances by four companies, demonstrating cutting-edge achievements in embodied intelligence, including hardware, control, and bionic operations [2][11] - The performance of robots exceeded expectations, serving as a catalyst for the sector, with recommendations to focus on domestic robot supply chain companies [2][11] Polyester Industry - The polyester supply chain is witnessing a recovery, with profits shifting towards the filament segment due to improved supply-demand dynamics [3][12] - Zhejiang Petrochemical is expected to contribute stable investment returns, with projected annual contributions exceeding 1.5 billion yuan from 2025 to 2027, significantly smoothing out the cyclical fluctuations of the filament business [3][12] - The report forecasts a steady increase in net profit for the company, with estimates of 2.046 billion yuan, 3.693 billion yuan, and 4.987 billion yuan for 2025, 2026, and 2027 respectively, indicating a strong growth potential [3][12]

转自：新快报 2026年春节，广州响应"乐购新春"特别行动，紧扣"羊城消费新八景"之"年味广州·行花街"主题，叠 加"以旧换新"国补、广东优品购、有奖发票等政策红利，政企联动打造"广货行天下"特色消费场景，全 市消费市场畅旺。2月23日，记者从广州市商务局获悉，2026年春节假期，全市消费同比去年春节增长 11.25%。其中，饮料、通讯器材、化妆品、服装等同比增势显著，分别达到38.5%、22.3%、28.6%和 15.2%，餐饮消费同比增长13.1%。 好味 跻身"必吃榜"总体流量前三 广州市商务局春节前夕启动"食在广州"引流活动，分多轮发放5000万元政府餐饮消费券，同步撬动金融 机构、平台企业推出叠加优惠。全市11区迎春花市均专设美食消费专区，吸引游客达495.3万人次，广 州跻身春节假期"必吃榜"总体流量前三。商旅文体健深度融合，南航与中国大酒店联合推出"云端新 遇・年味团圆"主题套餐，广州公交集团客轮打造水上年夜饭，多元场景让餐饮消费更具新意，"行花 街、赏美食"成为体验广州年味的经典打开方式。 好购 线下线上消费火爆 下九步行街2026新春年货美食节现场。 入境消费服务持续升级。广州稳居多个旅游平 ...

2月24日，记者从中国民用航空局（以下简称"中国民航局"）了解到，2月15日至2月23日的9天春节假期 期间，全国民航累计运输旅客2205万人次、保障航班17.1万班，日均245万人次、18956班，分别较2025 年春运同期增长7.7%、4.4%；航班正常率达95.8%，比2025年春运同期提升0.6个百分点。其中，2026年 2月23日（正月初七）全国民航运输旅客266.8万人次，比2025年春运同期（正月初七）增长7.6%，创历 史新高；保障航班19601班，比2025年春运同期增长4.4%。 与此同时，部分上市航司亦披露了春运相关数据。 9天春节长假期间，中国东方航空股份有限公司累计运输旅客超433万人次，日均运输超48.1万人次，同 比增长6.5%；累计执行航班2.85万班，日均超3169班，同比上升2.2%。其中，旅客出行最高峰出现在2 月22日（正月初六），当天该航司执行航班3287班，运输旅客52.6万人次，刷新该航司单日承运旅客历 史纪录。 中国南方航空（600029）股份有限公司发布的数据显示，2月15日至2月23日，该航司共执行客运航班超 2.7万班次，运输旅客近465万人次，同比增长近 ...

Group 1 - The 2026 Spring Festival holiday from February 15 to February 23 generated strong travel demand, leading airlines to increase capacity to meet passenger needs [1][2][3] - China Eastern Airlines reported carrying over 4.33 million passengers during the holiday, with an average of over 481,000 passengers per day, a year-on-year increase of 6.5% [1] - China Southern Airlines transported nearly 4.65 million passengers, executing over 27,000 flights, with a year-on-year growth of nearly 7% [2] Group 2 - China International Airlines plans to execute over 70,000 flights during the Spring Festival period, a 10.1% increase from 2025, with an average of about 1,800 flights per day [3] - Spring Airlines aims to operate over 24,000 flights and transport over 4 million passengers, with a significant increase of over 10% in flight volume compared to 2025 [3] - Both China Eastern and China Southern Airlines focused on popular domestic routes, enhancing flight frequency and capacity to accommodate travel to destinations like Harbin, Sanya, and other winter tourism hotspots [1][2]

国内方面，南航在郑州、安康等返乡热门目的地，以及海口、三亚、哈尔滨等"避寒""冰雪"旅游热门目 的地加大运力投入。 春节假期期间，南航在广州枢纽累计保障进出港航班超7100班次，服务旅客近115万人次，同比分别增 长8.2%和8.7%。在北京枢纽，南航累计保障进出港航班超3100班次，服务旅客超55万人次，同比分别 增长3.2%和3.5%。在乌鲁木齐枢纽，累计执行航班超1600班次，承运旅客29万人次，同比分别增长 4.2%和10%，均创历史新高。 今年春节，南航9架C919国产大飞机全部投入运营，实现了在广州、长沙双基地运营国产大飞机，执飞 广州至西安、武汉、杭州、长沙、宁波、南京以及长沙至北京大兴、上海浦东等8条航线。春节假期期 间，南航C919国产大飞机共执行航班超290班次，承运旅客超4万人次。 针对节后海南出岛旅客购票难问题，南航在海口—广州、三亚—广州航线增加临时加班4班次，并在三 亚—广州航线增投波音B777宽体机执飞10班次，增加近2500个座位。春节假期期间，南航在海南航线 执行航班量超2100班次，承运旅客近40万人次。 国际及地区航线方面，赴英国、新加坡等航线备受青睐，平均客座率超93% ...

在空中，乘务组携手旅客开展"黔美贵翼"、"木棉新禧，马上腾飞"等特色主题航班活动，将万米高空装 点成温馨的"云端家园"。特色广播、节日互动，以及"大吉大荔"、"一城一味"等精心准备的年味餐食， 还有部分航线上配备的节庆礼包，让旅客的归途充满欢声笑语与家乡味道。 （来源：百姓关注） ...

【春节返程高峰，#四大航司增班海南# ；#春节档总票房突破56亿#丨消费早参】春节假期最后一天， 海南迎来返程客流高峰。2月23日，海南三大机场预计运送旅客突破23.2万人次。四大航空公司（国 航、东航、南航、海航）全部增加海南航班。数据显示，初五至初七，海南往返北京、上海的航班每日 均超过100架次。 据灯塔专业版，截至2月23日17时48分，2026春节档（2月15日至2月23日）档期总票房突破56亿元。 《飞驰人生3》《惊蛰无声》《镖人：风起大漠》《熊出没·年年有熊》分列票房前四位。其中，《飞驰 人生3》档期内票房已超28亿元，主演沈腾凭借此片个人累计票房突破400亿元，成为中国影史票房最高 的男演员。（每日经济新闻，泽塔） ...