Group 1 - Recent reductions in airfares and hotel prices have created opportunities for off-peak travel, driven by new fuel surcharge regulations [1] - Popular flight routes from Nanning to various destinations are seeing ticket prices as low as 14% of the original price, with specific examples including flights to Nanjing starting at 250 yuan and to Jinan at 340 yuan [1] - The winter travel market is expected to experience a one-month window for off-peak travel, as airlines maintain capacity to keep aircraft utilization high during a period of reduced demand [1] Group 2 - Hotel and travel product prices have also decreased by 10% to 30% compared to the peak season, attracting various demographics including "annual leave" and "silver-haired" travelers [2] - There is an emerging demand for family travel during the winter break, with current prices being more favorable than those expected during the upcoming Spring Festival, indicating a 20-day "cost-saving travel" window [2]

以下文章来源于旅界 ，作者theodore熙少 旅界 . 跟踪时代浪潮，讲述文旅商业好故事。 本文来自微信公众号： 旅界 ，作者：theodore熙少，头图来自：AI生成 一 周末，我刷到一条新闻，大致内容是国内开始规制恶意索赔，防止经营者合法权益受侵害。 市场监管总局明确提出，不得滥用投诉举报权利牟取不正当利益。 背景则并不复杂，近年来，滥用投诉举报制度的索赔行为明显增多，一小部分人以打假为名行碰瓷之 实，刻意追求小错大赔、小过重罚，不少中小商家因此不堪其扰，甚至被迫关门停业。 针对这一现象，监管部门要求投诉人提供真实身份信息和相应事实依据，对虚假材料、冒用他人名 义、拒不配合核验身份的投诉不予受理，并明确对敲诈勒索、骗取赔偿等违法索赔终止调解，依法移 送公安机关处理。 看到这条新闻，我的第一反应是这些年酒店行业同样不堪其扰，甚至可以说是重灾区。 去年，一个00后女孩在上海住了十几晚酒店，每次退房都说：皮肤过敏、房间不干净、影响睡眠， 堪称酒店界皮肤科豌豆公主，外加研究酒店羊毛的爱因斯坦。 结果怎么样？ 家家中招，十几家酒店房费全退，最终因为一张病历单被保洁人员捡到，这才戳破了她的伪装。 但如果没有被发现呢 ...

Core Viewpoint - The trading update for Q3 of the full year 2026 indicates strong financial performance for the company, particularly in the U.K. and Germany, with positive momentum continuing into the current trading period [2][3]. Financial Performance - The company experienced a return to market growth in the U.K. during the summer, with occupancy rates remaining high at 83% [3]. - Revenue per available room (RevPAR) increased by 3%, maintaining a healthy premium compared to the mid-scale and economy market segments [3].

证券日报网讯 1月13日，首旅酒店在互动平台回答投资者提问时表示，资本市场的股价受多重因素影 响，包括宏观经济环境、资本市场整体情绪、行业发展周期等外部因素，和公司自身经营业绩、核心竞 争力等内部因素。2025年以来，国民经济运行总体平稳、稳中向好，高质量发展取得新进展，国内旅游 需求整体向好，酒店市场整体复苏态势温和，有利于资本市场整体估值提升；公司秉承"发展为先、产 品为王、会员为本、经营至上"等核心战略，加大标准管理酒店规模拓展力度，并持续提升经营效率， 推动公司整体利润的稳健增长，2025年1月-9月份实现营业收入578212.73万元，同比下降1.81%，归属 于上市公司股东的净利润75469.57万元，同比增长4.36%；同时采取措施切实"提质增效重回报"，包括 实施2024年年度权益分派等，未来，公司将紧抓市场机遇提升盈利能力与发展质量，力争为股东创造更 高回报。 （编辑 任世碧） ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 进入2026年，中国股市的表现，正在引发全球资本的重新审视。 A股自年初以来延续上涨态势，上证指数站稳4100点重要整数关口。长期来看，这并不是一轮情绪驱动 的"突发行情"。2025年全年，成交规模和融资水平持续放大，为这一轮上涨奠定了更扎实的资金和结构 基础。 更值得关注的是，行情背后，外资的态度正在发生方向性变化。 进入2026年，高盛、摩根大通、摩根士丹利、瑞银等多家外资机构，在年度和新年展望中，对中国资产 的判断明显转向积极——已从"是否需要配置中国资产"，悄然切换至"这一轮中国股市上涨能延续多 久、空间多大"的深度探讨。 高盛维持A股超配评级，预计2026年MSCI中国指数、沪深300指数分别上涨20%和12%；摩根大通则将 A股评级上调至"超配"，预测沪深300指数能达到5200点的目标位。 但指数点位只是表象，更重要的是背后的逻辑变化：2025年更多是估值修复，而2026年开始，市场正在 进入由盈利改善和结构性成长驱动的新阶段。 在此背景下，外资为什么重新加大对中国资产的配置？ A股成为分散风险的投资目的地 从全球资产配置 ...

Core Insights - The A-share market has seen a significant increase in trading volume, reaching a record high of 36,449.71 billion yuan as of January 12, with an increase of over 4,900 billion yuan from the previous trading day [1][4] - Analysts suggest that the Chinese stock market is likely to stabilize and surpass important thresholds, supported by three main factors: anticipation of a new Federal Reserve chair, continued inflow of incremental funds, and policy measures aimed at stabilizing investment and the real estate market [1][4] Market Trends - The anticipated announcement of the new Federal Reserve chair is expected to create optimism regarding potential interest rate cuts in the U.S. by 2026, which may enhance overseas liquidity and support the stability and appreciation of the yuan [1][4] - The influx of funds represented by the A500 ETF and the "opening red" from insurance capital is expected to solidify liquidity in the market [1][4] - The Chinese government has emphasized the need to stabilize investment and improve expectations in the real estate market, indicating a potential increase in policy support for growth [1][4] Investment Opportunities - The technology sector, non-bank financials, and cyclical sectors are viewed positively. The technology growth sector is expected to see performance upgrades, particularly in domestic computing power and AI applications [2][5] - Non-bank financials are likely to benefit from increased wealth management demand and the movement of household deposits, with a focus on insurance and brokerage firms [2][5] - Cyclical sectors are currently undervalued, with signs of marginal improvement in economic conditions, suggesting potential opportunities in tourism, hospitality, consumer goods, and resource products like metals and chemicals [2][5][6] Thematic Focus - The environment for thematic trading is expected to improve, with a focus on AI applications, robotics, commercial aerospace, and domestic consumption as key areas of interest [2][6]

（来源：中国旅游报） 据介绍，本次服务提升行动分为3个阶段推进：1月5日开启宣贯期；1月至3月开展集中培训，邀请行业 专家就会务接待统筹、岗位技能技巧等内容进行授课，并邀请岳阳市、怀化市旅游饭店代表分享大型活 动接待经验；3月至4月为驻店辅导期，"前厅+客房+餐饮"督训组将进驻湘潭市7家主要酒店，开展多轮 现场辅导。 此次提升行动由湘潭市文化旅游广电体育局、湖南省旅游饭店协会主办，旨在以高品质服务展现伟人故 里的文旅魅力。 （记者 高慧） 转自：中国旅游报 湖南湘潭近日启动"伟人故里 湘潭欢迎你"旅游饭店接待服务质量提升行动。 ...

本报讯（记者 曹雯）"很喜欢这家新开的温泉，水质干净，还会再来！"1月11日，贵阳市民林夕在抖音 上留下了这样的评价。位于黔南州龙里县中铁生态城、2025年10月开业的柏霖温泉度假酒店迎来第一个 温泉季，目前已登上抖音平台人气榜。 贵州有温泉（地热）单体303处，覆盖77个县（市、区），各地温泉水质优且富含20多种对人体有益的 微量元素。2025年12月25日至30日，贵州省旅游资源规划开发质量评定委员会又公示了一批"金汤 级""银汤级"温泉度假地。目前，多个温泉酒店主动与中医药、森林、体育等融合，推出了"温泉+滑 雪""温泉+中医药康养"等组合产品。 "我们酒店目前拥有81间客房，以及34个多主题泡池，包括私汤房15间，是集温泉康养、住宿、餐饮、 文娱为一体的多业态休闲度假酒店，能够满足不同游客的需求。因为距离贵阳龙洞堡机场不远，很多省 外游客会把离开贵州的最后一晚放在这里。这个周末我们酒店的入住率在80%左右。"该酒店的经理王 涛说。记者看见，傍晚时分有的室外泡池还在放水。据王涛介绍，温泉泡池采用了动态管理的办法，保 证水质干净。 转自：贵州日报 据途家数据，2026年元旦期间，带有"私汤""泡汤""温泉 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the social services sector [4][31]. Core Insights - The report highlights that policies promoting service consumption are continuously being strengthened, injecting new vitality into the industry. Key initiatives include the emphasis on releasing service consumption potential and enhancing trade and investment facilitation in Hainan Free Trade Port [2][18][19]. - The consumer services sector outperformed the market, with a reported increase of 3.15% during the period from December 29, 2025, to January 11, 2026, surpassing the Shanghai Composite Index by 0.96 percentage points [13][14]. - Companies such as Ctrip have leveraged AI technology to enhance product recommendation efficiency, achieving an improvement of over 8% [23]. Summary by Sections Industry Review - The consumer services sector saw significant stock performance, with notable gains from companies like Tianli International Holdings (19.92%) and Renrui Talent (12.56%) during the reporting period [14][17]. - The report indicates that the social services sector's valuation is expected to continue recovering due to favorable national policies aimed at expanding domestic demand [31]. Company Dynamics - The report notes the completion of the third phase of the Sanya International Duty-Free City project, which is expected to be completed in stages starting in 2026, with a total investment of 7 billion CNY [21]. - Ctrip's "Smart Engine 3.0" has significantly improved product recommendation efficiency, marking a shift towards AI-driven solutions in the travel industry [23]. Stock Holdings Analysis - The report details changes in stock holdings among key companies, with increases in holdings for Mijiu Group, Guming, and China Oriental Education, while companies like Haidilao and Tianli International Holdings saw decreases [30]. Investment Recommendations - The report suggests a focus on companies such as China Duty Free Group, Huatu Shanding, and Huazhu Group, among others, for potential investment opportunities in the medium to long term [31].

Investment Rating - The report maintains an "Outperform the Market" rating for the social services sector [4][31]. Core Insights - The report highlights that policies promoting service consumption are continuously being strengthened, injecting new vitality into the industry. Key initiatives include the emphasis on releasing service consumption potential and enhancing trade and investment facilitation in Hainan Free Trade Port [2][18][19]. - The consumer services sector outperformed the market, with a reported increase of 3.15% during the period from December 29, 2025, to January 11, 2026, surpassing the Shanghai Composite Index by 0.96 percentage points [13][14]. - Companies such as Tianli International Holdings and Renrui Talent saw significant stock price increases of 19.92% and 12.56%, respectively, during the reporting period [14][30]. Summary by Sections Industry and Company Dynamics - Recent policies in the service consumption sector are aimed at stimulating growth, including measures from the National Business Work Conference and Shanghai's 16 initiatives to enhance service consumption [2][18][19]. - The Sanya International Duty-Free City Phase III project has been capped, with a total investment of 7 billion CNY, expected to be completed in phases starting in 2026 [21]. - Ctrip's "Smart Engine 3.0" has improved product recommendation efficiency by over 8%, showcasing the impact of AI on the industry [23]. Stock Holdings Analysis - Core stocks in the Hong Kong market, such as Mixue Group and Gu Ming, have seen increased holdings, while others like Haidilao and Tianli International Holdings experienced slight decreases [3][30]. Investment Recommendations - The report suggests a continued focus on companies like China Duty Free Group, Huatu Shanding, and Ctrip Group, among others, as potential investment opportunities in the current economic environment [4][31].