【环球时报综合报道】穿着和服的游客乘坐人力车，在车夫的讲解中愉快地游览街头，这一幕已成为东 京浅草的标志性场景。据日本雅虎新闻网5日报道，提供人力车服务的"东京力车"在谷歌地图上获得了 超6000条评价，并保持着满分5星的高评分。 在西尾龙太看来，"以顾客为中心"是所有服务的核心。为此，公司尤为重视车夫培训，着重引导员工 从"为自己工作"转向"为顾客服务"。培训内容不仅涉及驾驶技巧，还涵盖日本历史文化、浅草地方知识 等。在严格的考核机制下，公司人力车夫"毕业考"通过率仅有10%。 经历疫情观光低谷后，如今浅草的旅游市场已再度回暖。西尾龙太计划未来不仅继续深耕浅草，也考虑 向东京周边的观光景点拓展服务。（刘雅婷） 观光人力车服务何以魅力十足？"东京力车"社长西尾龙太介绍，车夫兼具驾驶员与导游双重身份，不仅 提供专业驾驶，还会用生动讲解和互动，为游客带来独特体验。不同于普通观光巴士的单向输出，人力 车游览主打"沉浸式体验"——车夫会根据游客兴趣调整路线，讲述浅草寺的千年历史以及有趣的小故 事，甚至分享只有当地人才知道的小众美食店铺。一般收费标准为10分钟5000日元（100日元约合5元人 民币）起。除基本服务外， ...

Investment Rating - The report maintains a positive outlook on the retail and service sectors, highlighting the potential for growth driven by government policies aimed at boosting consumption [4][7]. Core Insights - The Politburo meeting emphasized the importance of stabilizing employment and promoting consumption, indicating a strategic focus on enhancing domestic demand and supporting the service sector [4][7]. - The report notes a significant increase in service retail sales, with a year-on-year growth of 5.0% in Q1 2025, surpassing the growth rate of goods retail sales [8]. - The introduction of optimized tax refund policies for outbound tourists is expected to enhance the attractiveness of inbound consumption, further stimulating the retail market [14][15]. - Various regions have launched consumption promotion activities, including the distribution of consumption vouchers, which have shown positive results in driving sales during the May Day holiday [16][17]. Summary by Sections Economic Policy and Consumption Promotion - The Politburo meeting proposed a series of policies to expand domestic demand and promote consumption, focusing on stabilizing employment and enhancing service consumption [4][7]. - The report highlights the expected positive impact of these policies on sectors such as tourism, hospitality, and retail, with a particular emphasis on the growth of service consumption [8][9]. Market Performance - During the period from April 28 to May 2, 2025, the social service index decreased by 2.63%, while the retail index fell by 1.72%, indicating a challenging market environment [19]. - The report provides a detailed overview of stock performance within the retail sector, noting significant gains for companies like Maoye Commercial and Xinhua Jin, while others like Tongcheng Holdings and Bubugao faced declines [22][29]. Company Updates - Notable companies in the retail sector, such as Yonghui Supermarket and Dazhong shares, are undergoing transformations to enhance profitability and adapt to changing consumer preferences [4][32]. - The report includes financial performance updates for key companies, indicating varied results across the sector, with some companies experiencing revenue growth while others faced declines [32][34]. Valuation Insights - The report presents valuation metrics for key companies in the retail and service sectors, indicating a weighted average PE ratio for e-commerce companies at 13 for 2025E, suggesting a favorable investment environment [40][41].

Group 1: Cross-Border Tourism and Economic Growth - The Chinese inbound tourism market is experiencing significant growth potential, with predictions of a 4 to 8 times increase in market size over the next decade [1] - Current inbound tourism revenue accounts for only 0.5% of China's GDP, compared to 2% in Italy and France, indicating substantial room for growth [1] Group 2: Currency Exchange and Market Dynamics - The offshore RMB exchange rate saw a significant increase, rising over 600 basis points in a single day, driven by improved expectations for China's foreign trade environment and actions by major U.S. retailers [2] - The A-share market is experiencing a period of low trading volume and sector rotation, with certain industries like automotive parts and software development performing well [3] Group 3: Market Analysis and Investment Strategy - The average P/E ratios for the Shanghai Composite Index and the ChiNext Index are at 13.97 and 34.47 respectively, indicating a suitable environment for medium to long-term investments [3] - The market is expected to continue a structural trend driven by policies and performance, with a focus on sectors with high earnings certainty and clear policy catalysts [3] Group 4: Policy and Economic Outlook - The Central Political Bureau meeting highlighted the need for proactive macroeconomic policies to support economic recovery, with a GDP growth of 5.4% in Q1 exceeding expectations [4][5] - Emphasis on stabilizing and activating the capital market, with a focus on technology and consumption sectors, is expected to enhance market stability [5][6] Group 5: Robotics and Technology Investment - The development of dexterous hands for humanoid robots is set to accelerate, with significant advancements expected by 2025, enhancing the operational capabilities of robots [7] - The market for humanoid robots is projected to reach approximately 90 billion by 2030, with key components like tactile sensors and motors being critical for growth [9] Group 6: Domestic Innovation and Technology Independence - The domestic innovation industry is entering a phase of accelerated growth, with a projected market size of 26,559 billion by 2026 [10] - The urgency for technological self-sufficiency is increasing due to external uncertainties, with government policies supporting the development of domestic software and hardware solutions [11][12]

活力集团，一家深耕旅游服务领域多年的企业，近日宣布其招股书已更新，正式启动在香港联合交易所的上市进程。这家由互联网行业资深人士王江共同 创办的企业，历经16载春秋，如今正向着资本市场的新阶段迈进。 截至2024年12月31日，活力集团的总资产达到8.92亿元，流动资产净值为3.89亿元，现金及现金等价物为4.68亿元，显示出公司稳健的财务状况和充足的 现金流。 王江，作为活力集团的共同创办人及主席，他的领导力和远见卓识一直是企业稳步前行的重要支柱。活力集团不仅在行业内享有"活化石"的美誉，更以其 创新的服务和稳健的发展赢得了市场的广泛认可。 值得注意的是，美团的创始人及CEO王兴，作为活力集团的早期投资者，至今仍持有该公司2%的股份，这无疑为活力集团的未来发展增添了更多信心。 活力集团的发展历程中，两大核心产品——航班管家和高铁管家，扮演了至关重要的角色。自2009年推出航班管家以来，该应用迅速成为旅客获取实时航 班动态信息的首选工具。随后，2012年高铁管家的问世，进一步丰富了公司的产品线，满足了更多出行者的需求。 在业务构成上，活力集团的旅游相关业务收入占据了主导地位，2024年该部分收入达到5.51亿元 ...

新华社北京5月4日电 题：火热而有序 各地多措并举护文明安全旅游 新华社记者 客流高峰下，泰山旅游秩序井然。据了解，泰山景区管理部门于4月30日启动一级响应，全员上岗 迎接客流高峰。景区还升级了中央隔离导流线，上山下山分道通行，增设夜间值勤点位13处，预设应急 通道和应急避险场所。 为确保"五一"假期旅游市场安全有序，海南省旅文厅要求全省A级旅游景区、夜间旅游和文化消费 集聚区等客流量大、易形成瞬时拥堵的经营单位，提前开展风险研判，合理设置游览线路，加强关键节 点管理，完善安全提示和防护设施，增派人员巡查。 沈阳市文旅局持续加大文旅市场监管力度，组织开展旅游景区、旅行社、文化娱乐场所、星级饭店 等检查，仔细排查安全隐患，严格规范市场秩序，全力保障旅游安全。 "智慧"赋能，助力景区管理—— 今年"五一"假期，全国文旅市场呈现火热新气象。在旅游热度持续攀升的同时，各地通过精细化服 务，强化旅游市场监管，确保文明安全旅游，推动"流量"变为"留量"。 细化服务，提升旅游体验—— 作为"春城"昆明的一张"浪漫名片"，教场中路延绵的紫色花海每年都吸引大量游客前来打卡。为应 对预计单日可达十几万人次的人流压力，昆明市五华区 ...

温特与记者分享了一些与中国游客"打交道"的经历："离开城镇后就没有手机信号了，不少中国游客会 有些焦虑，但当他们看到冰盖时，兴奋之情往往溢于言表。他们喜欢与我合影，分享家乡的照片，还会 告诉我怎么拍照更'上相'。"他表示，自己很喜欢与中国游客交流。 "我们应该多走动！"格陵兰岛旅游局国际事务部旅行贸易与市场营销经理伦纳特·奥尔森与记者分享他 2017年在上海留学的经历时说。当他漫步外滩，看着浦东鳞次栉比的高楼大厦，感到非常震撼。学校里 美味可口的中式菜肴也让他印象深刻，他尤其喜欢吃番茄炒蛋。 "我们应该多走动！"连日来，丹麦自治领地格陵兰岛多名旅游业界人士向记者表示，欢迎并期待更多中 国游客走进这片北极冰雪之地，领略冰川、冰盖、极光与因纽特文化的独特魅力。 "鲸鱼！"在格陵兰岛知名旅游城市伊卢利萨特，游船船长阿普特西亚克·加布里埃尔森用字正腔圆的中 文说出这个词。"这是中国游客教我的。" 加布里埃尔森的父母经营着一家家族旅游公司，拥有3艘游船，他也在父母的公司工作。伊卢利萨特以 世界自然遗产——冰峡湾闻名于世。每年夏天，世界各地的游客来到这个位于北极圈内的小镇，乘船观 赏迁徙来此的座头鲸等大型鲸类，欣赏在海中 ...

Group 1 - The travel heat during the "May Day" holiday is expected to reach its peak since 2023, with significant increases in vehicle flow on highways [1] - On May 1, Zhejiang Province recorded a total highway exit flow of 5.2548 million vehicles, a 10.56% increase compared to the same period in 2024 [1] - The Ministry of Transport predicts an estimated 23.33 million person-times of travel on highways and ordinary national and provincial roads on that day, reflecting a 2.0% year-on-year growth [1] Group 2 - Tourist roads are becoming crucial for promoting self-driving travel and tourism consumption growth, with popular tourist cities like Hangzhou, Xi'an, and Qingdao seeing increased activity [2] - Various events and activities are being organized along tourist roads, such as music festivals and art exhibitions, enhancing the travel experience [2] - New tourist attractions, such as the Karamay Desert Park, are emerging along highways, offering comprehensive services for travelers [5] Group 3 - Traffic management measures are being implemented to alleviate congestion at key points, including deploying additional staff and optimizing toll collection processes [6] - The introduction of a "mobile charging mothership" project on the Beijing-Shanghai Expressway aims to support electric vehicle charging needs, enhancing infrastructure for electric mobility [6] - Real-time monitoring and dynamic information gathering are being utilized to manage traffic flow effectively, especially around major cities and tourist areas [6]

Core Viewpoint - The recent optimization of the departure tax refund policy by the Ministry of Commerce and five other departments aims to enhance the shopping experience for foreign tourists and stimulate inbound consumption in China [1][6]. Group 1: Policy Changes and Implementation - The new policy has led to an increase in tax refund stores in various cities, providing more convenient services for foreign tourists [1]. - Shanghai has nearly 600 departure tax refund stores, with half offering "immediate refund" services, enhancing the shopping experience and promoting repeat purchases [3]. - The threshold for tax refunds has been lowered from 500 yuan to 200 yuan, and the cash refund limit has been raised from 10,000 yuan to 20,000 yuan, resulting in increased sales at tax refund stores in Beijing [10]. Group 2: Impact on Sales and Consumer Behavior - In the first quarter of this year, the number of departure tax refund applications in Beijing increased by 128%, with sales of tax refund goods reaching 270 million yuan, doubling year-on-year [13]. - Shanghai's sales of departure tax refund goods reached 760 million yuan, an 85% increase compared to the previous year [13]. - In Sichuan, the number of foreign tourists processing departure tax refunds grew by 204.78%, with sales increasing by 200.91% and the amount refunded rising by 211.64% [13]. Group 3: Consumer Experience and Preferences - Foreign tourists have expressed satisfaction with the convenience of the tax refund process, with many opting to continue shopping using the cash received from refunds [3][4]. - Traditional Chinese cultural products and domestic smart products have become popular among foreign tourists, with many seeking to purchase these items [8][14]. - The introduction of the "one order, one package" model in Shenzhen has streamlined the tax refund process, enhancing the overall experience for consumers [15][17].

Group 1 - The core service "Easy Travel Nanjing Luggage Delivery" was launched to enhance the convenience for tourists during the May Day holiday, allowing them to send their luggage directly to their homes or designated stations [1] - The service is a collaboration between Nanjing's cultural tourism bureau and SF Express, featuring smart storage cabinets and dedicated codes for luggage delivery across various transportation hubs, scenic spots, and hotels [1][2] - As of now, SF Express has partnered with all transportation hubs in Nanjing, 21 A-level scenic spots, and 52 star-rated hotels to facilitate this luggage delivery service, which has already served thousands of tourists [1] Group 2 - The "Easy Travel" smart storage service has received positive feedback from tourists, highlighting its convenience for storing luggage while exploring the city [2] - The service allows seamless luggage transfer between high-speed train stations, hotels, and scenic spots, with over 2,000 storage cabinets set up in scenic areas and more than 1,000 at Nanjing South Station [2] - The initiative aims to alleviate the burden of carrying heavy luggage, enabling tourists to enjoy their visits without hassle [2]

Group 1 - The core viewpoint of the articles highlights the rising trend of "niche tourism," where travelers prefer less crowded destinations over popular tourist spots, seeking relaxation and personalized experiences [2][5] - The travel heat during the May Day holiday is expected to reach a three-year peak, with a significant increase in searches for "less crowded" destinations [2] - Family group travel is also on the rise, with a 30% year-on-year increase in "traveling with elders" during the May Day holiday, indicating a shift towards more inclusive and relaxed travel experiences for all age groups [3] Group 2 - The popularity of niche tourism is driven by a new consumer philosophy that emphasizes comfort and unique experiences over traditional tourist attractions [2][5] - Boutique accommodations that offer cultural experiences and activities are becoming increasingly popular, as evidenced by fully booked properties in areas like Jingmai Mountain [3] - The growth of niche tourism not only meets the demands of younger travelers but also contributes to the economic uplift of lesser-known destinations, promoting balanced development in China's tourism industry [5]