Core Viewpoint - Company plans to hold a half-year performance briefing on September 15, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A [2][3]. Group 1: Meeting Details - The meeting is scheduled for September 15, 2025, from 16:00 to 17:00 [2][5]. - It will take place at the Shanghai Stock Exchange Roadshow Center, accessible online [2][5]. - Investors can submit questions from September 8 to September 12, 2025, before 16:00 [2][5]. Group 2: Participants - Key participants include the Chairman, Vice Chairman, and several independent directors of the company [4]. Group 3: Investor Participation - Investors can join the meeting online via the Shanghai Stock Exchange Roadshow Center [5][6]. - Questions can be submitted through the website or via the company's email [5][6]. Group 4: Contact Information - Contact persons for inquiries are Li Lan and Yu Yao, with provided phone numbers and email [6].

Group 1 - The domestic tourism market has seen a rise in family travel and inbound tourism during the summer, with a noticeable increase in off-peak travel as the season ends [1][5] - Data from a travel platform indicates that hotel bookings in Xiamen increased by 9% year-on-year during the summer [3] - Travel agencies are receiving numerous inquiries and bookings for off-peak travel, promoting autumn-themed products and long-distance outbound trips, with overall prices dropping by 15% to 20% compared to the peak summer season [5] Group 2 - Xiamen Airlines' travel sales center reports significant decreases in airfare, particularly for outbound travel, as Australia approaches spring, leading to the introduction of seasonal products [7]

Group 1 - The core point of the article highlights the rapid increase in demand for outbound travel during the National Day holiday, with many European travel products sold out as early as August, indicating a strong interest from Chinese tourists [1][2][3] - The trend shows that travelers are making decisions more quickly and are more decisive in their bookings, with hotel reservations for popular destinations doubling year-on-year [2][3] - The "Golden Week" holiday, combined with the Mid-Autumn Festival, has led to a surge in outbound travel, reflecting diverse travel preferences among Chinese tourists [1][2] Group 2 - The "Caucasus Three Countries" tour package has gained popularity, especially among older travelers, due to the visa-free policy between China and these countries [4] - The travel agency has noted that the demand for long-haul European tours has significantly increased, with some products requiring only three days off work to participate [3][4] - The introduction of additional flights by airlines, such as the increase in frequency for the Guangzhou-Almaty route, is expected to facilitate travel plans for tourists [5][6] Group 3 - The trend of "card point" travel, where travelers can maximize their holiday without taking many days off, is becoming increasingly popular among young professionals [7] - The analysis indicates that travelers are finding better value in booking flights that allow for extended holidays, with late returns being more cost-effective [8] - The data shows that travelers are strategically planning their trips around the holiday schedule to optimize their vacation time [8]

Core Viewpoint - The article discusses the turmoil within the Chinese tour guide industry in Europe, highlighting conflicts between local and foreign tour operators, particularly focusing on the actions of a group of Chinese tour guides in Southern France who are allegedly sabotaging vehicles of non-local operators to protect their market share [1][4][6][21]. Group 1: Industry Conflicts - The article reveals that the so-called crackdown on "domestic airlifted drivers" is actually a well-orchestrated trap designed by a group of Chinese tour guides in Southern France [4][6]. - Simon, a Czech-based tour operator, reports multiple incidents of vandalism against his vehicles, including tire slashing and theft, indicating a systematic campaign against non-local operators [4][6][18]. - The conflict has escalated from online disputes to organized physical actions, with Simon noting that these actions are not isolated incidents but part of a broader trend of violence within the industry [6][12]. Group 2: Legal and Regulatory Issues - Simon's operations, while claiming to be legitimate, may not comply with local regulations, as vehicles registered in the Czech Republic are not authorized to operate in France without proper licensing [10][12]. - The article highlights that many local Chinese tour operators in France also lack complete operational credentials, creating a gray area in compliance that complicates the conflict [12][14]. - The competitive landscape has been further strained by geopolitical factors and market pressures, leading to increased tensions among operators [13][14]. Group 3: Impact on the Industry - The ongoing violence and sabotage not only threaten individual operators but also damage the reputation of the entire Chinese tourism sector in Europe, potentially deterring future tourists [21]. - The article emphasizes that the internal strife could lead to a loss of trust in the European travel market, affecting the overall perception of Chinese operators among tourists [21]. - As the situation escalates, there is a risk of further retaliatory actions, which could lead to more severe conflicts and a deteriorating business environment for all involved [18][21].

Group 1 - Xi'an Tourism Co., Ltd. experienced a stock price increase of 5.85%, reaching 14.30 CNY per share, with a trading volume of 299 million CNY and a turnover rate of 9.14%, resulting in a total market capitalization of 3.385 billion CNY [1] - The company, established on December 31, 1996, primarily operates in domestic commerce, food services, material supply, residential services, and tourism services, with the main revenue sources being travel agency services (63.83%), hotel industry (24.46%), leasing (5.46%), commerce (2.75%), other services (2.56%), and amusement parks (0.94%) [1] Group 2 - Among the top ten circulating shareholders of Xi'an Tourism, Huaxia Fund's Huaxia CSI Tourism Theme ETF (562510) reduced its holdings by 169,800 shares, now holding 515,100 shares, which accounts for 0.22% of the circulating shares, with an estimated floating profit of approximately 406,900 CNY [2] - The Huaxia CSI Tourism Theme ETF was established on December 21, 2021, with a current scale of 704 million CNY, showing a year-to-date return of 0.69% and a one-year return of 17.09%, ranking 4116 out of 4222 and 3587 out of 3789 respectively, while it has incurred a loss of 28.4% since inception [2]

Core Viewpoint - The company, Lingnan Holdings, has not yet developed low-altitude tourism projects but is focused on integrating technology with cultural tourism to enhance consumer experiences and support high-quality development of destinations [2]. Group 1: Company Overview - Lingnan Holdings primarily engages in business travel (travel agency) and accommodation (hotel) services, along with other related tourism industry activities [2]. Group 2: Future Plans - The company plans to continue exploring the integration of "technology + cultural tourism" practices to create new consumer scenarios [2].

Group 1 - The company Dongying Travel (06882) announced a significant change in its board of directors, effective October 2, 2025 [1] - Mr. Huan Guoquan will be appointed as the Chairman of the Board, while Ms. Yuan Haoyi will become the Chief Executive Officer [1] - Mr. Liang Chengzhao will take on the role of Chief Financial Officer, and Ms. Li Baofen will be appointed as Chief Operating Officer [1] - Ms. Huang Liming will serve as the Chairperson of the Nomination Committee as an independent non-executive director [1] - Mr. Liang Chengzhao has also been appointed as the authorized representative and legal process agent, effective September 1, 2025 [1]

Group 1 - The company Xiamen C&D Tourism Group Co., Ltd. was fined 33,458.63 yuan by the Xiamen Municipal Housing and Construction Bureau for using a facility without passing fire safety inspection [1] - Xiamen C&D Tourism Group is a wholly-owned subsidiary of the Fortune Global 500 C&D Group, established in 2003, focusing on hotel operations, travel agencies, and tourism investment management [3] - As of 2024, the group's asset scale exceeds 3.4 billion yuan, operating and managing 30 hotels with a total of over 7,800 rooms/suites, and owns the "Yuehua" and "Yihua" hotel brands [3]

Core Viewpoint - The article discusses the emerging trend of young travelers opting for budget flights from smaller cities like Datong to international destinations, highlighting the cost-effectiveness of this travel method compared to traditional routes from major cities [4][10][14]. Group 1: Budget Travel Trend - Young travelers are increasingly using Datong as a departure point for international flights due to significantly lower ticket prices, with round-trip flights to Bangkok costing as low as 350 RMB [4][10]. - The trend is particularly popular among students and young adults who are willing to invest time in travel to save money, often traveling from cities like Hohhot to Datong to catch cheaper flights [6][9]. - The appeal of direct international flights from Datong to destinations like Bangkok, Moscow, and Seoul is a key factor in attracting travelers from larger cities, where prices can be substantially higher [10][12]. Group 2: Flight Availability and Pricing - Datong has recently opened several international direct flights, with routes to Bangkok starting in December of the previous year and to Moscow in July of this year [12][19]. - The pricing strategy for these flights is influenced by travel agencies that offer unsold seats from group bookings to individual travelers, often at discounted rates [19][24]. - Government subsidies play a role in maintaining low ticket prices, making international travel from Datong more accessible [19][26]. Group 3: Travel Experience and Challenges - The convenience of transportation from Datong's high-speed rail station to the airport enhances the overall travel experience, with a travel time of approximately 16 minutes [17]. - However, the fixed flight schedules and inconvenient departure times can limit the time travelers spend in Datong, often leading them to prioritize cost over convenience [20][21]. - The use of smaller aircraft for these routes can lead to discomfort during flights, and there is a risk of flight cancellations if ticket sales do not meet expectations [22][23]. Group 4: Changing Travel Preferences - The trend of "budget travel" reflects a broader shift in consumer behavior, with travelers now prioritizing cost-effectiveness over luxury experiences [28][29]. - Many travelers are finding that international trips can be more affordable than domestic vacations, especially when factoring in government subsidies and competitive pricing from smaller cities [31][32]. - The expectation of lower flight prices is becoming ingrained, making it challenging for prices to rise again once they have dropped [34].

Group 1 - The core issue revolves around a travel agency's misleading advertising regarding the quality of meals on the "Panda Special Train," which led to customer dissatisfaction when the actual meals did not match the advertised high standards [1][2] - The travel agency claimed that the meals shown in promotional materials were merely props used for marketing purposes and that the actual meals adhered to the contract specifications [1] - The article highlights the ongoing problem of exaggerated advertising practices in the industry, where companies often use enhanced images to attract customers, leading to potential legal and ethical concerns [2] Group 2 - Recent cases of false advertising have emerged, including misleading packaging claims by well-known brands, indicating a broader trend of deceptive marketing practices [2] - A notable legal case involved a student suing a restaurant for a significant discrepancy between the advertised and actual food, resulting in a small compensation but establishing a precedent that "pictures for reference only" does not provide absolute protection [2] - The travel agency's response to customer complaints was seen as inadequate, reflecting a lack of commitment to consumer satisfaction and the need for greater integrity in the industry [2]