Core Insights - Huangshan, a UNESCO World Heritage site, has implemented a unique system of rotating closures for its high-altitude attractions to protect its ecological integrity and reduce visitor impact [1][2] Group 1: Ecological Management - The rotating closure system allows for maintenance of infrastructure and protection of vulnerable ancient trees during the closure periods [1] - During the closures, measures are taken to manage soil erosion and prevent the introduction of invasive species, ensuring the preservation of the site's ecological authenticity [1] - Continuous monitoring and assessments are conducted to determine the appropriate time for reopening the attractions [1] Group 2: Restoration Outcomes - After a five-year closure, the Tiandu Peak will reopen on May 20, 2024, showing significant ecological improvements such as increased biodiversity and vegetation cover [1] - The nearby Lotus Peak has been closed for over a year, with progress reported in its restoration efforts [1] Group 3: Global Recognition - Huangshan's approach to rotating closures has gained international recognition, being highlighted as a case study in China's report on biodiversity conservation by the United Nations Environment Programme [2] - This initiative exemplifies the balance between conservation and development, aligning with the philosophy that "lucid waters and lush mountains are invaluable assets" [2]

Group 1 - The core viewpoint of the article highlights that the domestic tourism market during the May Day holiday showed a significant increase in visitor numbers, but the per capita spending of tourists at scenic spots has drastically declined [2][10][12] - Many operators of scenic spots reported that despite an increase in visitor numbers, the average spending per visitor has dropped significantly, with some reporting figures as low as 7 yuan for food and almost no additional spending [4][6][8] - The overall trend indicates that the average domestic tourism spending during the May Day holiday was 574 yuan, still below the 603 yuan recorded in 2019, which reflects a persistent low in consumer spending [12][13] Group 2 - The rise of "budget travel" has become a new trend, with tourists opting for low-cost options, such as sleeping in fast-food restaurants, indicating a shift towards more rational and normalized tourism spending behavior [14][15][17] - Operators believe that the decline in spending is a reflection of changing consumer behavior rather than an abnormality, as tourists are now more selective about their expenditures [18][23] - Scenic spot operators are encouraged to rethink their strategies to enhance visitor spending, with suggestions including reducing transportation costs and issuing more tourism vouchers to stimulate demand [23][24] Group 3 - The article emphasizes that the tourism consumption habits are undergoing significant changes, with increased frequency of travel but shorter distances, lower spending but higher quality expectations, and a shift from sightseeing to experiential travel [25][26] - Operators are urged to focus on improving the quality of their products, experiences, and services to attract more spending from tourists, as the current offerings are perceived as insufficient [26][27][28]

Group 1 - The core viewpoint is that many domestic tourist attractions are transitioning from a traditional "single-day ticket" system to a "multi-day ticket" system, allowing visitors to enjoy multiple entries within a specified time frame, which caters to the demand for deeper travel experiences [1][2][3] - The "multi-day ticket" system reduces travel costs and enhances visitor satisfaction by allowing for a more leisurely exploration of attractions, contrasting with the previous fast-paced tourism experience [2][3] - The implementation of the "multi-day ticket" system is seen as a strategic move to adapt to changing consumer preferences for in-depth tourism, which is becoming increasingly popular among visitors [3] Group 2 - The "multi-day ticket" system is expected to stimulate the "chain economy" by encouraging additional spending on food, accommodation, and other experiences within the attractions, thus benefiting both tourists and the attractions themselves [2][3] - For example, a family reported saving over 200 yuan on tickets by using a "three-day ticket" system, highlighting the financial benefits for visitors [2] - The average stay of visitors has increased from 4 hours to 10 hours, leading to a 20% increase in local food and accommodation spending, demonstrating the positive economic impact of the new ticketing approach [2]

Group 1 - The Central Meteorological Administration issued a blue warning for sandstorms due to strong winds from cold air, predicting dust storms in several regions including southern Xinjiang and parts of Inner Mongolia and Gansu from May 4 to May 5 [1] - Gansu Province Meteorological Bureau activated a level IV emergency response for the sandstorm weather on May 3 [2] - Several scenic spots in Gansu, including Yangguan and Yumenguan, announced temporary closures due to low visibility caused by dust storms [5][6] Group 2 - The Mingsha Mountain Crescent Spring scenic area in Dunhuang canceled a large concert event due to sudden severe sandstorm conditions on May 3, apologizing to visitors for the inconvenience [8][11] - A ticket refund guarantee mechanism was initiated to minimize visitor losses due to the event cancellation [9] - Historical data indicates that spring is a peak season for sandstorm occurrences in China, with about 80% of such events happening between March and May, which can severely impact air quality and daily life [16]

Group 1 - The core viewpoint is that multiple tourist attractions in Dunhuang, Gansu Province, have been closed due to strong sandstorm weather, impacting visibility and safety for visitors [1] - The affected scenic spots include Yangguan and Yumenguan, which have announced temporary closures to ensure visitor safety [1] - The attractions will reopen as soon as weather conditions improve and it is safe to do so [1]

Group 1: Travel Demand and Trends - The upcoming "May Day" holiday is expected to see a significant increase in travel demand, with the China Railway Beijing Bureau predicting 11.74 million passengers over the 8-day period, a year-on-year increase of 4.13 million passengers [1] - Online travel platforms report a surge in demand for "deep travel" and "long-distance travel," with domestic flight bookings rising approximately 30% compared to last year [2] - Popular destinations include traditional cities like Shanghai and Beijing, while lesser-known locations such as Changjiang and Nujiang are experiencing booking increases of over 100% compared to last year [2] Group 2: Travel Management and Regulations - Many popular tourist sites are implementing strict reservation and entry verification systems to manage the expected influx of visitors during the holiday [3] - Various scenic areas, including Huangshan and Yulong Snow Mountain, are enforcing measures such as real-name reservations and visitor limits to ensure a manageable flow of tourists [3][5] Group 3: Promotion of Niche Travel - Local tourism authorities are promoting "reverse travel" and niche travel routes to alleviate congestion at popular sites, offering unique experiences that highlight cultural and natural attractions [4] - Beijing's cultural and tourism bureau has introduced 10 niche travel routes aimed at providing a pleasant experience away from crowded hotspots, featuring historical and artistic sites [4] Group 4: Outbound Travel Market - The outbound travel market is expected to continue its upward trend, with significant increases in bookings for flights and hotels compared to last year, particularly for destinations like Japan and Malaysia [7] - Personalized travel experiences are gaining popularity, with a notable rise in demand for unique activities such as themed hotels and adventure tourism [7]

长白山（603099）公告，2024年营业收入7.43亿元，同比增长19.81%。归属于上市公司股东的净利润 1.44亿元，同比增长4.48%。以2024年12月31日公司总股本2.67亿股为基数，每10股派送现金红利人民 币0.815元(含税)，共计分配利润人民币2173.36万元，占当年合并报表归属于上市公司股东净利润的 15.07%。 ...

（文章来源：深圳商报） 【深圳商报讯】（记者范宏韬）4月23日，记者从深圳东部华侨城大侠谷景区获悉，该景区将于2025年4 月29日18时起升级改造并暂停营业，打造更具吸引力的山海生态旅游目的地。一期改造工程预计2025年 国庆假期完成并重新开放，与广大市民游客续写"山海之约"。 据介绍，东部华侨城大侠谷景区升级改造将遵循"联山、融城、通海"的核心理念，对标全球顶级山海旅 游目的地，构建"一区三核"的全新格局。一区即云中部落片区升级为山海观景地标；三核即打造全景式 山海观光体验"湾区之链·云海索道"、区域制高点观景平台"湾区之眼·观光塔"以及引入国际山地娱乐项 目"湾区之舞·山海路极"。创新运营模式，引入生态游乐、主题活动、IP商业等多元业态，打造"城市公 园新标杆"。升级改造工程计划分两期推进，其中一期改造聚焦大侠谷山下片区，预计2025年国庆假期 完成并重新开放；二期改造将延伸至山上云中部落片区，计划2027年全面建成开放。 大侠谷景区升级改造期间，东部华侨城山上片区的景点（森林小火车、茶溪云海一期公园、云海谷高尔 夫球场、丛林穿越无动力乐园）和黑森林嘉途酒店均正常营业，持续为游客带来丰富的山海度假体验。 ...

Core Insights - Guilin Tourism has accumulated losses of nearly 1 billion yuan since 2020, with a revenue drop of 7.58% in 2024 and a net profit loss of 204 million yuan, reflecting a significant decline of 1830.7% year-on-year [1] - Zhangjiajie, another well-known tourist operator, has also faced severe financial difficulties, leading to its stock being marked as "ST Zhangjiajie" due to continuous losses [1] - The traditional "ticket economy" model is facing severe challenges, as high ticket prices are no longer sustainable in the current competitive tourism market [2][7] Industry Challenges - The reliance on high ticket prices for profit has reached a bottleneck, with the National Development and Reform Commission urging reductions in ticket prices for state-owned scenic spots [2] - Despite ticket price reductions, such as Zhangjiajie's core scenic area ticket dropping from 248 yuan to 165 yuan, total revenue still declined by 5%, indicating that merely lowering prices does not resolve the underlying profitability issues [2] - Tourists are increasingly sensitive to ticket prices, especially when they represent a significant portion of their daily wages, limiting their willingness to pay [2][3] Shift in Consumer Expectations - Tourists now seek comprehensive experiences rather than just scenic views, leading to a redefinition of value in tourism [3][4] - Negative feedback about high ticket prices and poor experiences is prevalent on social media, highlighting the mismatch between ticket prices and the quality of service and experience provided [3][4] - Successful examples, such as the West Lake in Hangzhou, demonstrate that free access can enhance visitor satisfaction and stimulate surrounding businesses, indicating a shift towards experience-driven tourism [3][4] Need for Business Model Innovation - The traditional "high ticket price + low service" model is unsustainable, and scenic spots must evolve to meet modern consumer expectations [6][7] - Many scenic areas still operate under outdated "sightseeing 1.0" models, focusing on physical attractions while neglecting service quality and visitor experience [7] - There is a pressing need for diversified revenue streams beyond ticket sales, with successful destinations integrating secondary consumption such as hotels and performances into their business models [9] Recommendations for Future Development - Scenic areas should focus on enhancing the quality and diversity of their offerings, moving from a "ticket seller" to an "experience designer" [9] - Developing unique cultural experiences, themed routes, and high-quality service can help attract visitors and improve profitability [9] - Emphasizing digital technology and cultural integration will be crucial for creating value and meeting the evolving demands of tourists [9]

Core Viewpoint - The company reported significant growth in visitor numbers and revenue during the Qingming holiday, indicating strong operational performance and potential for continued profitability in 2025 [1][2]. Group 1: Visitor and Revenue Performance - During the Qingming holiday from April 4 to April 6, 2025, the company received 217,700 visitors, representing a year-over-year increase of 85% [1]. - The revenue for the same period reached 13.4 million yuan, reflecting a year-over-year growth of 75% [1]. - When adjusted for financial consolidation, the visitor count increased by 110% year-over-year, with revenue growth of 96% compared to the previous year [2]. Group 2: Operational Strengths and Growth Potential - The company benefits from a strategic location of its scenic spots in densely populated provinces, capitalizing on trends such as nearby travel and value-for-money tourism [2]. - Strong operational management has led to significant improvements in newly acquired scenic projects, enhancing overall performance [2]. - The company is characterized by high growth potential and strong realization capabilities, with a focus on profit realization, asset injection, and low-altitude tourism catalysts [2]. Group 3: Financial Forecast - The company is projected to achieve total revenues of 825 million, 1.14 billion, and 1.31 billion yuan for the years 2024, 2025, and 2026, respectively, with year-over-year growth rates of 14%, 38%, and 15% [3]. - Expected net profits for the same period are 174 million, 396 million, and 540 million yuan, with year-over-year growth rates of 15%, 127%, and 37% [3]. - Current stock prices correspond to valuations of 53x, 23x, and 17x for the years 2024, 2025, and 2026, respectively [3].