Core Insights - The busiest airport in China for the first half of the year is Shenzhen Airport, achieving a passenger throughput of 32.57 million, a year-on-year increase of 10.9% [1][3][5] - Hong Kong International Airport reported a passenger volume of 29.4 million, up 16.5% year-on-year, while Guangzhou Baiyun International Airport reached 40.04 million, growing by 9.2% [1][5][7] - The overall trend shows significant growth in passenger and cargo volumes across major airports, driven by policies like the "240-hour visa-free transit" [2][9][10] Passenger Traffic Performance - Shenzhen Airport's passenger throughput reached 32.57 million, with a 10.9% increase, and cargo throughput at 98.3 thousand tons, up 14.1% [1][3][5] - Shanghai Pudong and Guangzhou Baiyun airports also exceeded 40 million passengers, while Beijing Capital and Shenzhen Bao'an surpassed 30 million [7][8] - The top ten airports in terms of passenger throughput are primarily located in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area [2][6][7] International Route Expansion - Shenzhen Airport has significantly increased its international route offerings, launching or enhancing 12 international routes, resulting in a 30.7% increase in international passenger volume [4][11] - The airport's international and regional flight volume exceeded 20,000 flights, marking a 26.1% increase [4] - Other airports, such as Guangzhou Baiyun and Shanghai Pudong, have also expanded their international routes, contributing to a 28.5% increase in international passenger transport volume nationwide [9][10] Cargo Volume Growth - Shenzhen Airport's international and regional cargo volume reached nearly 500 thousand tons, with a 16.3% increase, outpacing the overall cargo growth rate of 14.1% [5][11] - The airport has established connections with 63 global cargo destinations, focusing on cross-border e-commerce logistics [11] - Chengdu's airports also reported significant cargo growth, with increases exceeding 20% [8] Competitive Landscape - The competition among cities to become the "first stop for inbound tourism" is intensifying, with both Shanghai and Shenzhen aiming for this title [10] - Major airports in the Greater Bay Area, including Guangzhou Baiyun, Shenzhen Bao'an, and Hong Kong International, are positioned as key players, collectively surpassing 100 million passengers [7][10] - The overall increase in international travel and tourism is expected to continue benefiting these airports, as they adapt to changing market demands [9][10]

Group 1 - The implementation of the 240-hour visa-free transit policy has led to an increase in foreign tourists visiting China for shopping and tourism [1] - During the 137th Canton Fair, convenient financial services such as "immediate refund" for departure tax and an increasing number of tax refund stores have transformed inbound visitor traffic into consumption [1][5] - The average daily tax refund orders in Guangzhou since the opening of the Canton Fair on April 15 have reached a historical high, increasing by 168% compared to the same period last year [5] Group 2 - The Canton Fair's third phase coincided with the May Day holiday, resulting in a surge in visitor traffic, prompting various departments in Guangdong to implement measures to ensure smooth travel for guests and tourists [6] - The proximity of the Pahuizhou Macao Passenger Terminal to the Canton Fair venue (300 meters) has facilitated easy access for foreign travelers, with over 7,500 foreign visitors recorded at the terminal from the fair's opening until April 30, marking a 40% increase year-on-year [8] - Transportation arrangements during the fair include approximately 2,000 taxis and ride-hailing vehicles daily, along with 1,500 taxi trips during late-night hours, and 500 emergency vehicles to handle peak traffic [8]

Core Insights - The upcoming May Day holiday is expected to significantly boost travel demand, with various promotional activities and policies in place to attract tourists to Shenzhen [1][2][3] Group 1: Travel Demand and Policies - The implementation of the "immediate refund" tax policy for outbound travelers and the 240-hour visa-free transit policy has led to a substantial increase in foreign visitors to Shenzhen, with over 241,000 entries, marking a 54.4% year-on-year growth [2] - The proportion of visa-free entrants has surged by 159.7%, indicating a strong appeal of these policies [2] - Shenzhen Airport has seen nearly 20,000 inbound and outbound flights this year, reflecting a 29.9% increase compared to the previous year [2] Group 2: Expected Travel Peaks - The Shenzhen Border Inspection Station predicts a peak of approximately 105,000 travelers during the May Day holiday, with nearly 900 flights expected, representing a growth of over 40% [2] - Specific peak travel times have been identified, with outbound peaks on May 1 and 2, and inbound peaks on May 5 [2][4] Group 3: Regional Events and Promotions - The overlap of the May Day holiday with the 137th Canton Fair and various promotional events in Hong Kong is anticipated to drive short-distance travel from mainland residents to Hong Kong and other destinations [3] - The expansion of China's visa-free travel options and the popularity of social media influencers are expected to further enhance inbound tourism and spending by foreign travelers [3]