沿着伏龙观、宝瓶口、飞沙堰，一路行至鱼嘴，嘉宾们实地探访距今2000多年的都江堰水利工程。 一路走，大家纷纷举起手机，记录这一"活着的世界遗产"。来自澳大利亚EVT酒店集团的Robert Bettles 惊叹道："没有现代科技的时代，中国古人竟能设计出如此巧妙的工程，简直就是奇迹！"在都江堰景区 楠木林景点，国家级非物质文化遗产代表性项目——青城武术展演吸引不少外宾驻足观赏：武者一招一 式，虚实相生，衣袂翻飞间尽显行云流水。 都江堰景区观赏武术表演、川菜博物馆品尝川味美食、峨眉山顶体验包粽子……5月29日至30日， 在2025全球跨境旅游（四川）大会暨携程全球合作伙伴大会后，部分全球旅游业嘉宾沉浸式体验四川自 然与人文魅力。 四川各景区的服务水平也给嘉宾们留下深刻印象。澳大利亚Cllix酒店集团首席商务官Shankar特别 提及，都江堰景区智慧导览系统支持14种语言，为外国游客提供方便；峨眉山景区设置外卡ATM自助 取现站点。这些细节无不彰显四川文旅的国际化服务水平，"体验非常棒，我将推荐更多人来四 川。"（记者 张斌） 在成都川菜博物馆，嘉宾们瞬间被川菜的麻辣鲜香吸引。担担面、钟水饺、麻辣烫……手捧着一盘 ...

Core Insights - Guangzhou's inbound tourism market has shown robust growth in 2025, with significant increases in both the number of foreign visitors and overall inbound and outbound traveler statistics [1][2] Group 1: Inbound Tourism Growth - From January 1 to May 22, 2025, over 480,000 foreign travelers entered Guangzhou, marking a 141% year-on-year increase [1] - The total number of inbound and outbound foreign travelers exceeded 2.23 million, reflecting a 42% year-on-year growth [1] - In the first quarter of 2025, Guangzhou welcomed approximately 1.187 million overnight foreign visitors, a rise of 11.7% compared to the previous year [1] Group 2: Policy and Infrastructure Enhancements - Guangzhou has implemented various measures to enhance the inbound tourism experience, including improving customs efficiency and expanding international direct flight networks [3] - The introduction of the "immediate purchase and refund" policy and optimized tax refund store layouts have improved the shopping experience for foreign tourists [3] - The city has launched 18 convenience measures to support international events like the Canton Fair, facilitating smooth customs clearance and efficient participation for global merchants [1] Group 3: Marketing and Promotion Strategies - Guangzhou is actively promoting its tourism brand "Welcome to Guangzhou" through international marketing efforts, including exhibitions and media campaigns in key source markets such as North America and Europe [2] - The city has organized familiarization trips for foreign tourists and hosted events like the "International Tourism Influencers Happy Journey in Guangzhou" to enhance its global tourism image [2] - The focus is not only on attracting first-time visitors but also on providing high-quality experiences to encourage repeat visits [2]

Core Viewpoint - The launch of the "Red Detachment of Women" themed tourist bus aims to integrate cultural and tourism resources in Haikou and Qionghai, creating a new experience that combines performance, red IP, and transportation [2][3]. Group 1: Event Details - The "Red Detachment of Women" themed tourist bus will officially launch on June 5, 2023, connecting various cultural and tourism resources in Hainan [2]. - The bus service will operate from June 5 to June 8, 2023, starting from Haikou and including visits to the Qionghai Red Detachment of Women Memorial Park and other attractions [2][3]. - The tour will culminate in an evening performance of the classic ballet "Red Detachment of Women" at the Hainan Provincial Song and Dance Theatre [2]. Group 2: Cultural Significance - The initiative is designed to deepen the integration of culture and tourism, leveraging the classic ballet as a core engine to connect diverse cultural tourism resources [3]. - The immersive experience aims to create a deeper cultural and spiritual resonance for visitors, highlighting Hainan's unique red cultural brand [3].

Core Points - During the Dragon Boat Festival holiday, Shaanxi will launch 501 cultural and tourism activities to enrich the holiday experience for citizens and tourists [1][2] - Various public cultural venues will host 26 activities, including immersive performances and exhibitions related to local culture and heritage [1] - A total of 475 activities will be organized across the province, featuring traditional customs, artistic performances, and tourism promotions [2] Group 1 - Shaanxi's cultural and tourism department is promoting a diverse range of activities, including folk culture and intangible cultural heritage exhibitions [1][2] - Key events include the immersive performance "Impression of Shaanbei" and a children's music concert at the provincial cultural center [1] - The provincial library will host events such as the "Remarkable Ancient Technology - Traditional Chinese Medicine" exhibition and the first Shaanxi International Children's Art Biennale [1] Group 2 - Local cities will host unique events, such as a diabolo competition in Qianyang and equestrian performances at Guanshan Grassland [2] - Traditional activities like dragon boat races will take place in Yan'an and Yulin, highlighting local customs [2] - Nearly a hundred cultural and tourism benefit activities will be offered, including free experiences and discounts to enhance public participation [2]

Fundraising Activities - L Catterton announced a successful fundraising round with approximately $11 billion in capital commitments, marking the highest fundraising scale in the history of its flagship buyout fund, growth fund, and European fund [2] - Cathay Innovation Fund completed its third phase fundraising, reaching $1 billion, making it the largest AI-focused fund in the EU [3] - Ctrip Group established a tourism innovation fund with a total investment of 1 billion yuan, focusing on long-term investments in innovative projects [4] - Shenzhen Oriental Fortune Investment Management received approval to issue technology innovation bonds, marking the first private venture capital tech innovation bond in the market [5][6] Investment Focus and Strategy - L Catterton's fundraising reflects institutional investors' long-term confidence in quality consumer assets, shifting the focus from traffic-driven growth to product and brand competitiveness [2] - Cathay Innovation Fund emphasizes deep applications of AI in specific industries rather than general infrastructure, indicating a shift from technology worship to scenario-driven investments [3] - The new tourism innovation fund by Ctrip aims to reshape destination growth models and promote cross-industry collaboration [4] - The technology innovation bonds will target strategic emerging industries such as AI, digital economy, new energy, and biomedicine [6] Mergers and Acquisitions - Tianmai Technology disclosed that Qiming Venture Partners will acquire a 26.10% stake, potentially becoming the controlling shareholder, marking a significant case of private equity involvement in public company acquisitions [7] Robotics Sector Developments - Lumos Robotics completed a second angel round of financing, raising nearly 200 million yuan in total, indicating a trend towards industrialization in the embodied intelligence sector [8] - Diguang Robotics announced a $100 million Series A financing round, focusing on developing a comprehensive product system from chips to software [9]

Group 1 - The search interest for "outdoor rafting" has surged over 170%, while "sea fishing" interest has increased by 160% during the Dragon Boat Festival holiday [1][3] - The demand for family-oriented activities has risen significantly, with platforms indicating a notable increase in interest for activities combining traditional customs and Children's Day themes [1] - T3's data predicts a 40% year-on-year increase in travel demand on the peak day of the Dragon Boat Festival, which falls on May 31 [1] Group 2 - Meituan Travel reports a 216% year-on-year increase in searches for "dragon boat bases" and a 147% increase for "dragon boat cultural parks" since May 1 [3] - Overall orders for cultural tourism during the Dragon Boat Festival have increased by 63% year-on-year, with five-star hotel bookings doubling [3] - The search interest for "water play" has risen over 140%, with "outdoor rafting" and "sea fishing" being particularly popular activities [3] Group 3 - Xu Zhou Amusement Park expects a visitor count of 50,000 during the Dragon Boat Festival, a 15% increase from last year, attributed to the city's rising popularity and ongoing innovations in the park [4] - National car rental volume is projected to grow by 15% compared to last year during the holiday, with a peak in rental demand expected on May 29 [4] - The trend of family travel is evident, with SUV bookings doubling and MPV bookings increasing by 30% year-on-year [4]

Core Insights - The 2025 ITB Shanghai International Tourism Trade Fair has achieved a record scale, reflecting global tourism industry's strong interest in the Chinese market and confidence in its development potential [1][2] - The exhibition area has increased by 30% compared to last year, featuring over 700 exhibitors from 85 countries and attracting a record 1,400 invited buyers [1] - The event serves as a significant platform for industry exchange, international cooperation, and insights into future tourism trends, highlighting China's key role in leading global tourism development [1] Industry Participation - Numerous well-known companies from the tourism industry participated, including hotel groups like Marriott International and Jin Jiang International, destination management companies, airlines such as Malaysia Airlines and EgyptAir, and international cruise brands like Royal Caribbean [2] - Malaysia's National Tourism Board showcased diverse cultural tourism products, while Malaysia Airlines emphasized its commitment to the Chinese market with the launch of a new service tailored for Huawei users [2] Market Commitment - Royal Caribbean's China President, Benjamin Bouldin, expressed recognition of the Chinese market, highlighting the company's innovative approach that combines global resources with local insights [3] - The introduction of new exclusive destinations and the upcoming launch of the "Spectrum of the Seas" represent a milestone in product innovation and a long-term commitment to providing immersive luxury vacation experiences for Chinese guests [3]

Core Viewpoint - The Dragon Boat Festival travel market is experiencing steady growth, with a significant emphasis on local and surrounding travel, as well as family-oriented trips due to the overlap with Children's Day [1][5]. Group 1: Travel Trends - Domestic local and surrounding travel accounts for 50% of the market, with a notable increase in bookings for micro-vacations, summer escapes, and cultural experiences [1][3]. - Bookings for surrounding travel during the Dragon Boat Festival have increased by 23% year-on-year, with popular destinations including Beijing, Shanghai, and Chengdu [3]. - The search interest for cultural experiences related to the Dragon Boat Festival has surged by 50% compared to last year, with specific activities like dragon boat racing and zongzi making a significant impact on travel choices [4]. Group 2: Family Travel - The overlap of the Dragon Boat Festival with Children's Day has led to a rise in family travel, with 35% of travel orders on Ctrip being from parent-child families, and hotel searches for family accommodations increasing by 45% [6]. - Multi-child family travel is emerging as a new trend, with significant growth in bookings for family rooms and twin-bed rooms, increasing by 51% and 42% respectively [6][7]. Group 3: International Travel - The gradual implementation of visa-free policies is positively impacting both outbound and inbound tourism, with Thailand being a prime example of this trend [8]. - The number of Chinese tourists visiting Thailand is projected to reach 6.73 million in 2024, marking a 91.7% increase year-on-year [8]. - Inbound tourism searches for hotels in China have doubled, indicating a strong appeal for international visitors, with top source countries including Malaysia, South Korea, and the United States [9].

Investment Rating - The report maintains a "Buy" rating for WEB Travel Group (WEB.AX) with a 12-month target price of A$7.10, representing a potential upside of 35% from the current price of A$5.26 [1][3]. Core Insights - WEB's total transaction value (TTV) reached A$4.9 billion for FY25, reflecting a year-on-year growth of 22%. Revenue increased by 1% year-on-year, with EBITDA reported at A$121 million [1][2]. - Management provided guidance for FY26 EBITDA margin between 44% and 47%, down from a previous estimate of 48%, due to investments in hotel contracting teams in the Asia-Pacific and Americas regions. Despite this, confidence in a 6.5% revenue/TTV margin for the medium term remains [3][12]. - The report highlights a strong performance in the first eight weeks of FY26, with TTV and order volume growing by 28% and 29% respectively, driven by a 36% increase in the Americas [1][2]. Financial Projections - Revenue projections for FY25, FY26, FY27, and FY28 are A$328.4 million, A$386.0 million, A$450.3 million, and A$507.2 million respectively, with a compound annual growth rate (CAGR) of 15.6% expected [4][11]. - EBITDA estimates for the same periods are A$120.6 million, A$153.6 million, A$191.2 million, and A$217.5 million, indicating a growth trajectory [4][11]. - The report anticipates a diluted EPS of A$0.20 for FY25, increasing to A$0.44 by FY28, reflecting a strong growth outlook [4][11]. Valuation Methodology - The valuation approach remains unchanged, utilizing an EV/EBITDA multiple adjusted to FY27 EBITDA, with a revised multiple of 12x based on comparable companies [12][15]. - The target price of A$7.10 is derived from a combination of fundamental valuation (85%) and theoretical M&A valuation (15%) [15][12].

"////// 11 不久前，李德煜接待了一个来自伊朗的旅游团。行程中，他特地为远道而来的客人安排了一站—— 柳浪闻莺内的丁鹤年墓亭。"元末明初文人丁鹤年是西域色目人，当年从中亚迁移到中国。丁鹤年墓亭 虽然不算热门景点，但对于沿着丝路而来的伊朗游客而言，是一种很有意义的文化联结与交流。" 眼下，话题"China Travel"在互联网平台的持续火爆，给杭州入境游市场带来了更多的机遇。"疫情 之后，普通外国游客来杭州旅行的方式悄然发生了转变。"李德煜发现，如今由国外旅行社组团、人数 通常在30-40人的大型旅行团越来越少，反而3-5人私家包团的自由行不断增多。 "作为数字经济蓬勃发展的城市，杭州的商务旅行市场也一直火热。以我们公司为例，今年以来各 种商务型客单居高不下。"杭州金牌英语导游郁敏敏表示，阿里巴巴、海康威视、网易（杭州）等数不 胜数的大企业，吸引了不少海外客户来杭进行商务考察。"眼下，甚至有不少南美客户长途跋涉而来， 一路要坐20多个小时的飞机。我们杭州的外语导游，必须要让他们这一趟'物超所值'。" 教育 发布 t TLL FULL I l 1 湖滨知味观的门口排起了长龙，泰国女孩一口气买了十盒传说中 ...