Travel Trends - During the National Day holiday, the average daily cross-regional passenger flow reached 305 million, a year-on-year increase of 4.0% compared to 2024, slightly lower than the 7.9% growth during the May Day holiday[4] - Subway passenger volume in four first-tier cities decreased by 6.0% year-on-year, while 20 second-tier cities saw a decline of 2.5%[7] - The Baidu migration index increased by 20% year-on-year, surpassing the 7.5% growth rate observed in September[10] - Daily average inbound and outbound travelers are expected to exceed 2 million, up from 1.871 million last year[11] Consumption Insights - Key retail and catering enterprises reported a 3.3% year-on-year increase in sales during the first four days of the holiday[13] - Major e-commerce platforms saw energy-efficient home appliances grow by 19%, with smart refrigerators and home products increasing by 20.7% and 16.8%, respectively[13] - Movie box office revenue for the first seven days of the holiday was approximately 1.73 billion yuan, down 18.1% from the previous year, with daily average attendance decreasing by 9.8%[14] Real Estate Performance - New home sales in 30 major cities saw a daily average transaction area decline of 12.7% year-on-year during the holiday, contrasting with a 7.7% increase in September[18] - The top 100 real estate companies achieved a sales turnover of 252.78 billion yuan in September, marking a 0.4% year-on-year increase[18] Freight Dynamics - Port cargo throughput maintained a growth rate of approximately 7.8% year-on-year, with container throughput growing by 6.9%[20] - Highway freight traffic increased by 6.2% year-on-year, while railway freight volume saw a decline to 1.6%[20] Risk Factors - Potential risks include underwhelming growth policies, unexpected severity of overseas economic downturns, and escalating geopolitical conflicts[23]

Core Insights - The National Transportation Department forecasts that the total cross-regional population flow during the National Day and Mid-Autumn Festival holiday will exceed 2.432 billion people, marking a historical high with a daily average of over 300 million people, representing a year-on-year increase of 6.2% [3][10] Transportation Modes - A total of 2.24 billion people are expected to travel by road, with over 80% opting for self-driving, and car rentals seeing an 18% year-on-year increase, highlighting a new growth point in holiday economy [3] - Railway passenger volume has surpassed 18 million for four consecutive days, with new high-speed rail lines enhancing travel accessibility and boosting tourism along these routes [5] - Civil aviation is projected to transport 19.17 million passengers, with a 10.6% year-on-year increase in daily international flight numbers, reflecting a revival in international travel [7] Travel Trends - The holiday period has seen a strong desire for travel, with long-distance and self-driving trips becoming increasingly popular, and no major traffic incidents reported [11] - Data indicates that over 30% of tourists are choosing long-distance travel, with an 8.8% year-on-year increase in travelers covering distances over 500 kilometers [13] - Cruise tourism has also surged, with both outbound and domestic cruise passenger numbers increasing by over 6% [15] International Travel - There is a notable increase in inbound tourism, with a 16% year-on-year growth in visitors, particularly from Japan, South Korea, and the Americas [17] - Short-haul outbound travel, defined as flights under five hours, constitutes 92% of the overall outbound travel market, with significant growth in travelers to neighboring countries like Cambodia and Vietnam [17]

Core Insights - The provincial transportation department reported travel data for the Mid-Autumn and National Day holidays from October 1 to 8, indicating a total of approximately 8.586 million passengers were expected to travel, with a daily average of about 1.073 million, representing a 6.1% decrease compared to the same period in 2024 [1] Group 1: Travel Statistics - During the holiday period, road travel accounted for approximately 8.101 million passengers, while waterway travel accounted for about 0.485 million passengers [1] - On October 8, a peak return flow was anticipated, with a total of 1.097 million passengers expected to travel, reflecting a 0.2% increase compared to 2024 [1] - The expected road travel on October 8 was about 1.084 million passengers, and waterway travel was projected at 0.013 million passengers, indicating a stable and orderly overall transportation [1] Group 2: Highway Traffic - On October 8, the total expected exit flow on highways was 3.9 million vehicles, which is an 8.5% increase compared to 2024 [1] - Among these, passenger vehicle flow was expected to reach 3.65 million, marking a 13.4% increase from 2024 [1] - The average daily exit flow on highways during the holiday was 4.562 million vehicles, representing an 8.9% increase compared to 2024 [1] Group 3: Safety and Enforcement - To ensure smooth traffic and safety during the holiday, a total of 7,723 personnel were deployed for enforcement, conducting 4,165.54 vehicle hours of inspections [1] - Various machinery and vehicles totaling 2,392 were utilized, along with 1,727 drone takeoffs for monitoring [1] - A total of 2,027 vehicles were inspected, resulting in 68 cases of traffic violations being prosecuted [1]

Core Insights - The total inter-regional mobility during the National Day and Mid-Autumn Festival holiday from October 1 to 8 is expected to reach 2.432 billion trips, averaging 304 million trips per day, which represents a year-on-year increase of 6.2% [1] Transportation Modes Summary - Railway passenger volume is projected to be approximately 153.96 million trips, averaging 19.24 million trips per day, with a year-on-year growth of 2.6% [1] - Waterway passenger volume is expected to be around 11.67 million trips, averaging 1.46 million trips per day, reflecting a year-on-year increase of 4.2% [1] - Civil aviation passenger volume is anticipated to reach 19.17 million trips, averaging 2.4 million trips per day, showing a year-on-year growth of 3.4% [1] - Road mobility, including both non-commercial passenger car trips and commercial passenger transport, is estimated at about 2.2475 billion trips, averaging over 280 million trips per day, with a year-on-year increase of 6.5% [1] - As the main mode of travel, self-driving cars are expected to account for an average of 240 million trips per day, representing about 80% of the total travel volume [1]

从出行方式看，自驾仍是出行绝对主力，日均预计2.4亿人次，在出行总量中占比约八成。铁路、公 路、水路、航空客运量均实现同比增长，各方式运输服务保障能力持续提升。 其中，铁路客运量预计约1.54亿人次，日均1924万人次，同比增长2.6%。国铁集团数据显示，10月8 日，全国铁路迎来返程客流高峰，预计发送旅客2175万人次，计划加开旅客列车2189列。 10月1日至8日，公路人员流动量预计约22.48亿人次，日均2.81亿人次，同比增长6.5%；水路客运量预 计1167万人次，日均146万人次，同比增长4.2%；民航客运量预计1917万人次，日均240万人次，同比 增长3.4%。 从出行分布看，假期首日迎来出行最高峰，全社会跨区域人员流动量达3.36亿人次，创历史同期新高， 较2024年同期增长1.4%。10月7日，又出现一个客流小高峰，全社会跨区域人员流动量达到3亿人次， 同比增长18.3%。 从出行目的地看，8天长假进一步促进公众出行需求释放，京津冀、长三角、粤港澳大湾区、成渝等城 市群以及西安、长沙、武汉等都市圈客流集中。 ● 本报记者 李嫒嫒 10月8日，中国证券报记者从交通运输部获悉，国庆中秋假期期间 ...

来源： 央视新闻微信公众号 累计铁路客运量预计 15396万人次，日均1924万人次，同比增长2.6%。 累计公路人员流动量预计（包括高速公路及普通国省道非营业性小客车人员出行量、公路营 业性客运量） 224751万人次，日均28094万人次，同比增长6.5%。其中，累计公路营业 性客运量预计30667万人次，日均3833万人次，同比增长2.9%； 累计高速公路及普通国 省道非营业性小客车人员出行量预计194084万人次，日均24261万人次，同比增长7.1% 。 累计水路客运量预计 1167万人次，日均146万人次，同比增长4.2%。 累计民航客运量预计 1917万人次，日均240万人次，同比增长3.4%。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUN ...

Core Insights - The Guangdong Provincial Transportation Department reported a significant increase in traffic flow in the Guangdong-Hong Kong-Macao Greater Bay Area, with approximately 8.02 million vehicle trips on October 7, marking a year-on-year growth of 10.83% [1] - The daily traffic flow on the Guangdong provincial highway network reached a new historical peak of 10.54 million vehicle trips, surpassing the previous record of 10.29 million vehicle trips set on October 1, 2025 [1] - Guangzhou Baiyun International Airport is also experiencing a surge in passenger traffic, with an expected daily passenger volume exceeding 250,000 on October 8 [1] Traffic Flow Statistics - On October 7, the traffic flow on the Guangdong-Hong Kong-Macao Greater Bay Area highways was approximately 8.02 million vehicle trips, with specific contributions from: - Hong Kong-Zhuhai-Macao Bridge: approximately 24,200 vehicle trips, a year-on-year increase of 55.97% [1] - Shenzhen-Zhongshan Bridge: approximately 172,600 vehicle trips, a year-on-year increase of 27.03% [1] - Nansha Bridge: approximately 199,100 vehicle trips, a year-on-year increase of 12.74% [1] Airport Operations - On October 8, Baiyun Airport planned a total of 1,620 flights, including 808 outbound and 812 inbound flights, with a projected passenger volume exceeding 250,000 [1]

Group 1 - The core viewpoint indicates that during the Mid-Autumn and National Day holiday from October 1 to 8, the total cross-regional population flow is expected to reach 2.432 billion person-times, with an average of 304 million person-times per day, representing a year-on-year increase of 6.2% [1][2] - The cumulative railway passenger volume is projected to be 153 million person-times, averaging 19.24 million per day, which is a year-on-year increase of 2.6% [1] - The cumulative road passenger flow is expected to be 2.247 billion person-times, averaging over 280 million per day, with a year-on-year increase of 6.5% [1][2] Group 2 - The overall public travel willingness during this year's National Day holiday is strong, characterized by a high volume of travel for tourism and family visits, with total cross-regional population flow expected to exceed 2.4 billion person-times, averaging over 300 million per day, marking a historical high [2] - All modes of transportation, including rail, road, water, and air, have achieved year-on-year growth in passenger volume, indicating an improvement in service capacity [2] - The peak travel day saw a record high of 336 million person-times, the highest for the same period historically [2]

Core Insights - The article discusses the measures taken by transportation departments to ensure safe and convenient travel for passengers during the National Day and Mid-Autumn Festival holiday return period, highlighting the increase in railway capacity, upgrades in highway services, and precise urban transport connections [1][2][4]. Railway Service Optimization - Starting from October 7, a peak in return passenger flow is expected on national railways, with local railway departments implementing targeted capacity increases and convenience measures to meet travel demands [2]. - Key stations like Shanghai Hongqiao and Wuhan have extended waiting areas and improved passenger flow management, including the addition of volunteers for guidance and extended public transport connections [2][3]. - In remote areas, additional trains have been added to popular routes, enhancing the travel experience for passengers [2]. Highway Travel Enhancements - Approximately 80% of travelers are expected to choose road travel during the holiday, with over 1.8 billion people anticipated to travel by highway, and a significant increase in electric vehicle usage noted [4]. - Upgrades in highway service areas include the addition of fast-charging stations and improved restroom facilities, enhancing the overall travel experience [4][5]. - The Ministry of Transport has implemented specific measures to address congestion and improve charging service capabilities at service areas [5]. Urban Transport Coordination - Major cities like Beijing, Guangzhou, and Chongqing have activated transport connection plans to facilitate the final leg of the journey for returning travelers, with extended metro and bus services [6][7]. - Cities have implemented late-night metro operations and increased bus frequencies to ensure smooth connections from transport hubs [6][7]. - Taxi services have also been enhanced, with additional vehicles deployed during peak return times to address demand [7].

Core Points - The article discusses the significant increase in return passenger flow during the National Day and Mid-Autumn Festival holiday, with transportation departments across the country taking measures to ensure smooth travel for passengers [1] Group 1: Transportation Measures - Various transportation departments are implementing strategies to manage the surge in traffic, including patrols and control measures at key times and locations [1] - In Hebei Province, traffic management authorities have developed plans to alleviate congestion and respond to emergencies, focusing on high-traffic areas [1] - The State Grid Corporation in Shijiazhuang is monitoring charging stations 24/7 using a vehicle networking platform and has increased operational staff at busy locations [1] Group 2: Traffic Flow and Infrastructure - On October 8, significant increases in traffic flow are expected around Zhengzhou, with measures in place to ensure a 90% clearance rate within one hour at 300 designated points across the province [1] - The Long Triangle Railway is experiencing a peak in return passenger flow, with 399 additional trains being added to various destinations [1] Group 3: Station Operations - The Huai'an East Station is operating 24 hours and has added night trains to meet passenger demand, coordinating with local public transport to ensure travelers can reach their destinations [2] - The Suqian High-speed Railway Station has increased security checks and ticketing efficiency based on ticket sales forecasts during peak travel times [2]