飞猪昨日公布2025年国庆中秋假期业绩：履约GMV较去年增长48%，服务人次较去年增长30%。 文化和旅游部数据中心公布的测算数据显示，国庆中秋假日8天，全国国内出游8.88亿人次，较2024年国庆节假日7天增加1.23亿人次；国内出游总花费 8090.06亿元，较2024年国庆节假日7天增加1081.89亿元。 在在线旅游领域，住宿服务因收入结构、利润率和竞争壁垒的"三高"特性，被视为OTA视为支柱性业务。 据飞猪数据，酒店间夜量同比去年大幅增长78%，超100个酒店品牌店铺间夜量至少增长了1倍以上。再看酒店的成交质量，平均房价（ADR)亦保持健康的 增长态势。 其中，针对88VIP的服务表现尤为亮眼。88VIP会员规模现已突破5300万。这部分用户消费极为活跃，年均消费额达普通用户的8-10倍。飞猪方面披露， 10 月1日至10月8日期间，88VIP用户为酒店带来的间夜量增长了120%， 有近20家酒店集团与飞猪深度合作，为88VIP定制专属优惠，使会员无需比较，既可放心预订。截至10月8日，这些酒店的订单量同比去年全部翻倍，最高 增长可达5倍。 分析人士认为，飞猪在"十一"旺季的黑马式爆发，表明阿里巴巴 ...

飞猪昨日公布2025年国庆中秋假期业绩：履约GMV较去年增长48%，服务人次较去年增长30%。 文化和旅游部数据中心公布的测算数据显示，国庆中秋假日8天，全国国内出游8.88亿人次，较2024年 国庆节假日7天增加1.23亿人次；国内出游总花费8090.06亿元，较2024年国庆节假日7天增加1081.89亿 元。 按增速比较，飞猪用户规模增速接近整体市场2倍，交易规模增速则达到整体市场的3倍多。 分析人士认为，飞猪在"十一"旺季的黑马式爆发，表明阿里巴巴大消费平台战略正持续显现成效。 据飞猪数据，酒店间夜量同比去年大幅增长78%，超100个酒店品牌店铺间夜量至少增长了1倍以上。再 看酒店的成交质量，平均房价（ADR)亦保持健康的增长态势。 其中，针对88VIP的服务表现尤为亮眼。88VIP会员规模现已突破5300万。这部分用户消费极为活跃， 年均消费额达普通用户的8-10倍。飞猪方面披露，10月1日至10月8日期间，88VIP用户为酒店带来的间 夜量增长了120%， 有近20家酒店集团与飞猪深度合作，为88VIP定制专属优惠，使会员无需比较，既可放心预订。截至10 月8日，这些酒店的订单量同比去年全部翻倍， ...

本报讯 （记者梁傲男）10月9日，飞猪宣布，2025年国庆中秋假期，飞猪旅游服务履约GMV同比增长 48%，服务人次同比增长30%，倍数级领涨旅游市场。其中，飞猪国内机票、全球酒店的履约票张数和 入住间夜量接连突破历史峰值，创下单日新高。 截至10月8日，通过淘宝预订飞猪的国庆长假旅行服务订单量同比增长达74%。其中，在专属优惠及多 种出游权益的带动下，88VIP用户为酒店带来的订单量同比增长120%，且人均消费保持上扬态势。 酒店业务表现尤为亮眼。飞猪数据显示，10月1日至10月8日，入住的酒店间夜量同比大增78%。 受到"十一"生意增长的鼓舞，旅游商家正紧锣密鼓地投入今年"双11"的货品筹备中。据飞猪官方账号， 2025年"双11神券"已于10月4日晚正式开抢。 今年"十一"第一天，刚好是饿了么、飞猪加入阿里巴巴中国电商事业群的整整100天。在大消费平台战 略下，飞猪在淘宝App内部新增一级入口，飞猪会员与新推出的淘宝大会员体系打通，协同效应逐渐显 现，转化为全新的消费体验和商机。 ...

新浪科技讯 10月9日下午消息，飞猪宣布，2025年国庆中秋假期，飞猪旅游服务履约GMV较去年增长 48%，服务人次较去年增长30%，倍数级领涨旅游市场。 受到黄金周生意增长的鼓舞，旅游商家正紧锣密鼓地投入今年双11的货品筹备中。据飞猪官方账号， 2025年双11"神券"已于10月4日晚正式开抢。 责任编辑：刘万里 SF014 飞猪国内机票、全球酒店的履约票张数和入住间夜量接连突破历史峰值，创下单日新高。 酒店业务表现尤为亮眼。飞猪数据显示，10月1日至10月8日期间入住的酒店间夜量较去年大增78%。 今年"十一"第一天，刚好是饿了么、飞猪加入阿里巴巴中国电商事业群整100天。在大消费平台战略 下，飞猪在淘宝App内部新增一级入口，飞猪会员与新推出的淘宝大会员体系打通，协同效应逐渐显 现，转化为全新的消费体验和商机。截至10月8日，通过淘宝预订飞猪的国庆长假旅行服务订单量较去 年增长达74%。其中，在专属优惠及多种出游权益的带动下，88VIP用户为酒店带来的订单量增长了 120%，且人均消费保持上扬态势。 ...

Core Viewpoint - Alibaba's stock price increased by nearly 6% at the end of trading, reflecting positive market sentiment driven by strong performance in its e-commerce segment and strategic initiatives [1] Group 1: Stock Performance - Alibaba's stock (09988) rose by 5.75%, reaching HKD 123.3, with a trading volume of HKD 15.487 billion [1] Group 2: E-commerce Developments - From August 7 to 9, Taobao's daily order volume exceeded 10 million for three consecutive days, indicating robust consumer demand [1] - Taobao launched a new membership system that integrates various Alibaba resources, covering a wide range of consumer needs, marking a significant shift towards a comprehensive consumption platform [1] Group 3: Financial Projections - Tianfeng Securities anticipates steady revenue growth for Alibaba in Q1 of the 2026 fiscal year, although profits may be impacted by flash purchase subsidies [1] - East Asia Securities projects a 13% year-on-year increase in adjusted EBITDA for Alibaba in Q1 of the 2026 fiscal year, with cloud business expected to be a key growth driver, forecasting a 23% year-on-year revenue growth for Alibaba Cloud [1]

Core Viewpoint - Alibaba's stock saw a nearly 3% increase, closing at 118.4 HKD, driven by the launch of a new membership system that integrates various services across its ecosystem [1] Group 1: Membership System Launch - On August 6, Alibaba officially launched a new membership system that connects resources from Ele.me, Fliggy, and Hema, covering a wide range of consumer needs including shopping, food delivery, travel, and more [1] - The 88VIP user benefits will be fully upgraded, marking a significant strategic shift for Alibaba from e-commerce to a comprehensive consumer platform [1] Group 2: Financial Projections - Tianfeng Securities anticipates steady revenue growth for Alibaba in Q1 of the 2026 fiscal year, although profits may be impacted by flash purchase subsidies [1] - East Asia Securities projects a 13% year-on-year growth in adjusted EBITDA for Alibaba in Q1 of the 2026 fiscal year, with cloud business expected to be a key growth driver [1] - Alibaba Cloud revenue is forecasted to grow by 23% year-on-year, with investors likely to focus on the company's capital expenditure to support the increasing demand for cloud computing capabilities [1]

Group 1 - Taobao is launching a new membership system that integrates resources from Ele.me, Fliggy, and Hema, covering various consumer rights including shopping, food delivery, travel, and transportation [1] - The 88VIP user benefits will be fully upgraded as part of this initiative, marking a significant business move as Alibaba transitions from e-commerce to a broader consumer platform strategy [1] - Ele.me and Fliggy have been incorporated into Alibaba's China e-commerce business group, indicating a strategic shift towards a comprehensive consumer service model [1] Group 2 - Hema has started a promotional campaign related to the 88VIP membership, offering all Taobao 88VIP members a free 90-day Hema X membership from August 4 to September 10, which includes various discounts and free shipping [3] - Prior to this announcement, there were reports of Hema's member stores shutting down, with the last Hema X member store in Shanghai set to close on August 31, indicating a complete withdrawal from the previously considered "second growth curve" of membership stores [5]

Group 1 - Taobao 88VIP has integrated with Hema, allowing members to enjoy benefits such as free shipping and discounts, which is expected to drive new growth for Hema [6] - Taobao is launching a new membership system that integrates resources from Ele.me, Fliggy, and Hema, enhancing user benefits and marking a strategic shift towards a comprehensive consumption platform [8] - Hema's co-founder, Shen Li, has left the company, indicating a shift in leadership as the company focuses on profitability and core business areas [11] Group 2 - JD.com plans to open five discount supermarkets in Jiangsu and Hebei, utilizing a large store format and a wide range of SKUs to offer competitive pricing [8] - Guoquan reported a revenue of 3.2397 billion yuan, a year-on-year increase of 21.6%, with net profit rising by 122.5% to 190.2 million yuan [9] - Meituan has initiated a support plan for small and medium-sized merchants, providing up to 50,000 yuan in assistance per store, aiming to cover over 100,000 additional restaurants by year-end [12] Group 3 - Tmall International saw 580 overseas brands open their first stores in China in Q2, a 45% year-on-year increase, with the majority coming from the U.S., Japan, and South Korea [13] - Sam's Club plans to open its first store in Yangzhou by the end of the year, with construction progressing well [14] - Domino's Pizza reported a 1.3% increase in sales for the first half of the year, with challenges from rising raw material costs impacting profit margins [20]

Core Viewpoint - Alibaba is launching a new membership system that integrates its various platforms, including Ele.me, Fliggy, and Hema, to provide comprehensive benefits across shopping, food delivery, travel, and more, enhancing the 88VIP user experience [1][3]. Group 1: Membership System Overview - The new membership system will connect multiple Alibaba resources, covering a wide range of consumer needs such as dining, entertainment, and travel [1]. - The 88VIP membership, initially launched in August 2018, has evolved to offer various discounts and benefits across Alibaba's ecosystem, now exceeding 50 million members as of the recent 618 shopping festival [6]. Group 2: Strategic Business Move - The integration of Ele.me and Fliggy into Alibaba's e-commerce business group marks a significant shift towards a comprehensive consumer platform strategy [3]. - Hema has begun promoting the 88VIP membership with a campaign offering 90 days of free Hema X membership, which includes various discounts and benefits [3]. Group 3: Membership Pricing Structure - The pricing for 88VIP varies based on user activity, with a standard fee of 88 yuan per year for users with a "taoqi" score of 1000 or above, while those below this threshold must pay 888 yuan [6].

Core Insights - Taobao is set to launch a new membership system that integrates resources from Ele.me, Fliggy, and Hema, covering a wide range of consumer needs including shopping, food delivery, travel, and transportation [1] - The upgrade of 88VIP user benefits signifies a strategic shift for Alibaba from e-commerce to a broader consumer platform [1] Group 1 - The new membership system will provide comprehensive coverage of lifestyle services, including dining, entertainment, and daily necessities [1] - This initiative marks a significant business move as Ele.me and Fliggy are incorporated into Alibaba's Chinese e-commerce business group [1] - The launch reflects Alibaba's strategy to evolve into a major consumer platform beyond traditional e-commerce [1]