去年元旦仅放一天，今年三天连休小长假大幅推高火车票和机票热度。同程旅行平台数据显示，截至目 前，元旦前后火车票和机票整体搜索热度相比去年同期涨303%。 值得一提的是，近几个月来开通运营的沈佳高铁沈阳至白河段、盘州至兴义高速铁路、襄阳至荆门高速 铁路等，将在元旦假期激发一波探亲及旅游需求，同程旅行数据显示，元旦前后襄阳至荆门、盘州至兴 义等火车票搜索热度有所提升。 核心城市群短途火车票抢手 综合元旦前后已售车票及用户提前预约购票的情况，同程旅行数据显示，元旦假期十大热门出发地包括 北京、上海、成都、广州、杭州、深圳、西安、石家庄、天津、南京；目的地榜单TOP10城市则分别包 括上海、哈尔滨、北京、沈阳、大理、昆明、成都、广州、贵阳、长沙。 同程旅行此前发布《2026元旦假期旅行趋势报告》显示，元旦旅行市场呈现长短线交织的格局，体现在 火车票预订上，短途旅行大多集中在京津冀、长三角、珠三角、成渝核心城市群内。同程旅行平台上， 车程在1小时-3小时之间的跨城火车票十分抢手，热度靠前的线路包括成都至重庆、广州至深圳、杭州 至上海、北京至石家庄等。 冰雪游和避寒游两大旅游主题驱动下，东北三省、云南省、广东省、福建省等 ...

从机票预订来看，航旅纵横大数据显示，截至12月17日，元旦假期境内航线机票预订量超176万张，同 比增长约46%；境内热门航线前十名包括（不区分航向）上海—广州、上海—北京、上海—深圳、北京 —深圳、北京—广州、北京—成都等。 在长线游方面，元旦假期延续了冬季旅行"冰雪游"和"避寒游"两大主流。 12月17日，跨年（2025年12月31日）火车票正式发售。北京商报记者从多家在线旅游平台获悉，截至当 日上午10:00，北京到哈尔滨、北京到郑州、北京到武汉等多条热门线路的部分车次售罄。2026年元旦 放假三天，民众出行意愿强，车程在2小时左右的短途路线最为火爆。北京往返天津、成都往返重庆、 上海往返南京、广州往返南宁等短途线路人气旺。此外，不少人选择"请3休8"，利用拼假进行长线游。 机票数据显示，元旦假期境内航线机票预订量超176万张，同比增长约46%。上海、北京、广州、成 都、深圳、昆明等是热门目的地。 去哪儿旅行提供给北京商报记者的数据显示，截至当日上午10:00，已有多条热门线路的部分车次售 罄，包括北京到哈尔滨、北京到郑州、北京到武汉、深圳到汕头、成都到宜宾、成都到西昌、宁波到上 海、哈尔滨到牡丹江、青 ...

据交易所数据显示，12月17日，途牛(TOUR)盘中上涨3.72%，截至22:40，报0.723美元/股，成交6277.0 美元，总市值8269.20万美元。 本文源自：市场资讯 作者：行情君 财务数据显示，截至2025年09月30日，途牛收入总额4.54亿人民币，同比增长10.6%；归母净利润 2957.9万人民币，同比减少70.82%。 资料显示，途牛公司是中国领先的在线休闲旅游服务商,可以为消费者提供的跟团和自助等打包旅游产 品,还有丰富的机票、酒店、签证等单项旅游产品。途牛航线覆盖了中国420多个出发城市和全球所有热 门目的地。途牛通过各种线上和线下渠道(包括tuniu.com网站),提供一站式休闲旅游解决方案和令人瞩目 的客户体验,包括3000多名专业客户服务代表、一星期7天24小时呼叫中心、约500家线下零售店和34家 本地自营旅行社,并提供丰富的后续服务和保障。 ...

12月17日，跨年火车票（2025年12月31日）正式发售。北京商报记者从多家在线旅游平台获悉，截至当 日上午10:00，北京到哈尔滨、北京到郑州、北京到武汉等多条热门线路的部分车次售罄。2026年元旦 放假三天，民众出行意愿强，车程在2小时左右的短途路线最为火爆。北京往返天津、成都往返重庆、 上海往返南京、广州往返南宁等短途线路人气旺。此外，不少人选择"请3休8"，利用拼假进行长线游。 机票数据显示，元旦假期境内航线机票预订量超176万张，同比增长约46%。上海、北京、广州、成 都、深圳、昆明等是热门目的地。 去哪儿旅行提供给北京商报记者的数据显示，截至当日上午10:00，已有多条热门线路的部分车次售 罄，包括北京到哈尔滨、北京到郑州、北京到武汉、深圳到汕头、成都到宜宾、成都到西昌、宁波到上 海、哈尔滨到牡丹江、青岛到烟台、青岛到淄博等。 "周边小城游"成为大多民众的首选。去哪儿旅行数据显示，元旦期间，多个热门县城酒店预订增幅较 高，杭州淳安县、四川阿坝州理县增长5倍以上，汕头南澳、阿坝九寨沟、桂林阳朔县增长超3倍。河北 秦皇岛昌黎县以独特的海滨景观、网红度假区阿那亚，承接了来自北京的短途客流，跻身最受欢迎 ...

Group 1 - The core viewpoint of the article indicates that Tongcheng Travel is expected to achieve a revenue of 45.70 to 48.44 billion RMB in Q4 2025, representing a year-on-year growth of 7.9% to 14.3% [1][6] - The net profit forecast for Q4 2025 is projected to be between 4.15 to 7.95 billion RMB, with a year-on-year growth of 18.3% to 126.7% [1][6] - The adjusted net profit for Q4 2025 is anticipated to be between 7.24 to 7.58 billion RMB, reflecting a year-on-year growth of 9.6% to 14.8% [1][6] Group 2 - According to Galaxy Securities, Tongcheng Travel's Q3 2025 report shows that both revenue and net profit have increased year-on-year, with core OTA platform revenue growing by 14.9% and net profit by 23.0% [3][9] - The accommodation booking business achieved revenue of 15.8 billion RMB, a year-on-year increase of 14.7%, leading the industry growth [9] - The transportation ticketing service generated revenue of 22.1 billion RMB, marking a year-on-year growth of 9.0%, with rapid growth in international ticketing and ancillary products [4][9] - The hotel management business reported revenue of 8.2 billion RMB, a significant year-on-year increase of 34.9%, with the integration of Wanda Hotel Management expected to contribute to Q4 growth [5][9]

长江证券发布研报称，OTA当前竞争格局趋稳，同程长期深耕OTA业务，纵深旅游产业链，用户基本 盘、供应链能力、服务效率筑牢龙头护城河，当前战略聚焦于提升运营效率。公司盈利能力在用户营销 策略优化、精细化补贴、出境游盈利提升下，进入上行通道，后续销售费用率及take rate仍有提升空 间，有望支撑公司利润率持续上行。 同程旅行(00780)尾盘涨超3%，截至发稿，涨3.39%，报22.6港元，成交额1.61亿港元。 消息面上，国家统计局数据显示，2025年11月全国CPI同比上涨0.7%，涨幅较上月明显扩大，居民消费 延续恢复态势。从结构看，服务价格同比上涨0.7%，高于消费品价格涨幅，服务消费修复特征进一步 显现。在此背景下，旅游相关价格表现相对占优，11月旅游价格同比上涨2.0%，1-11月累计同比小幅抬 升，反映出文旅出行需求对价格的支撑仍具韧性。 ...

消息面上，国家统计局数据显示，2025年11月全国CPI同比上涨0.7%，涨幅较上月明显扩大，居民消费 延续恢复态势。从结构看，服务价格同比上涨0.7%，高于消费品价格涨幅，服务消费修复特征进一步 显现。在此背景下，旅游相关价格表现相对占优，11月旅游价格同比上涨2.0%，1-11月累计同比小幅抬 升，反映出文旅出行需求对价格的支撑仍具韧性。 长江证券发布研报称，OTA当前竞争格局趋稳，同程长期深耕OTA业务，纵深旅游产业链，用户基本 盘、供应链能力、服务效率筑牢龙头护城河，当前战略聚焦于提升运营效率。公司盈利能力在用户营销 策略优化、精细化补贴、出境游盈利提升下，进入上行通道，后续销售费用率及take rate仍有提升空 间，有望支撑公司利润率持续上行。 智通财经APP获悉，同程旅行(00780)尾盘涨超3%，截至发稿，涨3.39%，报22.6港元，成交额1.61亿港 元。 ...

Core Insights - The article discusses the competitive landscape of the online travel market in China, particularly focusing on Ctrip's hotel booking business and the challenges it faces from various competitors like Meituan, Douyin, and JD.com [3][4][9]. Group 1: Market Overview - The online travel market in China, especially hotel bookings, has become a battleground for major players, with Ctrip maintaining a significant market share despite increasing competition [3][4]. - As of 2024, the market size of China's hotel industry has exceeded 980 billion yuan, with a chain rate of only 40%, significantly lower than North America and Europe [5][10]. Group 2: Ctrip's Performance - Ctrip reported over 8 billion yuan in accommodation bookings for Q3, contributing nearly half of its revenue, with a growth rate of around 20% expected to continue over the next two years [4][6]. - Ctrip has established partnerships with nearly 2 million hotels globally, with over 400,000 having exclusive agreements, allowing it to dominate the high-star hotel booking market with an 80% share [6][9]. Group 3: Competitive Challenges - Ctrip faces challenges from competitors like Meituan, which has expanded into the high-end hotel market, and Douyin, which has begun allowing direct bookings through its platform [8][9][10]. - The rise of direct sales channels by hotel groups, such as Huazhu and Atour, is reducing their reliance on OTA platforms like Ctrip, posing a significant threat to its intermediary role [9][10]. Group 4: Customer Trust and Service - Ctrip's competitive edge lies in its mature customer service system and the ability to handle complex issues related to bookings, which enhances user trust [7][8]. - High customer loyalty is evident, with repeat customers contributing approximately 80% of total transaction volume, compared to the industry average retention rate of 55% [7][8]. Group 5: Issues and Complaints - Ctrip has faced criticism for practices like "data killing familiarity," where users are charged higher prices despite being members, leading to legal challenges and a high volume of complaints [8][9].

Core Insights - Chinese enterprises are transitioning from traditional product exports to a new phase of globalization that includes technology, branding, and ecological collaboration, making overseas expansion a necessity rather than an option [1] Group 1: New Strategies and Directions - The concept of "super globalization" is emerging as a new direction for Chinese enterprises, with ASEAN identified as an essential market for collaboration [2] - Green globalization is becoming a significant focus, with Chinese companies encouraged to participate in international rule-making and lead in value creation [2] - Upgrading current industries is seen as an unstoppable trend for Chinese enterprises looking to expand into ASEAN and global markets [2] Group 2: Practical Experiences and Challenges - The number of Chinese enterprises going overseas is continuously increasing, making international expansion a critical choice [3] - Companies like Huolala emphasize the importance of technology and compliance as key drivers for long-term stable development, alongside localized operations and building a trustworthy global service network [3] - Traditional industries such as energy, automotive, and agricultural cold chain must prioritize safety and risk control during brand localization efforts [4] Group 3: Sector-Specific Insights - Ctrip has been conducting local user research in various markets for over a decade, aiming to become a global enterprise [5] - The core competitiveness of Chinese mobile game companies lies in product strength, but they have yet to elevate to a brand level, often operating in a fragmented manner without a systematic industry advantage [5] - The IP toy industry is recognized as an emerging sector, facing challenges in exploring new market demands [6]

从各地租车市场来看，去哪儿旅行数据显示，截至目前，2026年元旦假期期间租车量同比增长1.8倍， 最火热的自驾目的地前10名是海口、三亚、乌鲁木齐、昆明、成都、广州、丽江、大理、揭阳和阿勒 泰。冰雪游热门目的地新疆阿勒泰地区、伊宁，同比分别增长1倍和3倍，有明星跨年演唱会举办的广西 南宁，同比增长超3倍。 游客的出行半径变得更大，不局限于在出发地租车、本地游玩，更倾向于规划跨城市的行程，异地取还 车的人同比增长2.5倍。租车时长的选择上，3—5天的行程最受偏爱，也有部分游客选择3天以内的短途 游，或是5—7天的长线旅行。 元旦假期期间，车程在2小时左右的短途路线最为火爆。北京往返天津、成都往返重庆、上海往返南 京、广州往返南宁等短途线路人气旺。长线方面，北京往返哈尔滨、北京往返沈阳、广州往返长沙等线 路最为紧俏。 北京商报讯（记者 吴其芸）12月31日跨年夜的火车票已正式发售。去哪儿旅行数据显示，截至12月17 日10时，已有多条热门线路的部分车次售罄，包括北京至哈尔滨、北京至郑州、北京至武汉，深圳至汕 头，成都至宜宾等。2026年元旦假期放假三天，游客出行意愿强烈，还有不少人"请3休8"。 ...