三亚中央商务区管理局统计数据显示，2024年，该园区货物进出口总额同比增长68%，服务进出口总额 同比增长58%，实际利用外资同比增长32%。2025年一季度，园区货物进出口总额同比增长102.2%，服 务进出口总额同比增长51.1%。 自贸港政策加速三亚中央商务区外向型经济发展。近日，经海南省地方金融管理局会同相关部门审核认 定，海南自贸港首批三家跨境资金集中运营中心落地，标志着海南自贸港金融领域又一核心政策落地。 海南首单大宗商品掉期清算业务、三亚首笔新型离岸国际贸易业务、三亚首单境外艺术品保税通关业 务……在自贸港政策的加持下，多个外向型经济领域的首单业务在三亚中央商务区落地。 与此同时，三亚着力打造国际化营商环境，为自贸港政策落地、入驻企业发展提供助力。"我们在办理 境外直接投资(ODI)手续时，在海南岛外、正常情况下需要6个月以上时间才能办结，在三亚只用了3个 月就完成了这项工作。"沙俊臣说，这为企业布局海外市场提供了便利。 三亚中央商务区管理局营商环境促进中心主任左凤娟表示，2025年是海南自贸港封关运作、扩大开放之 年。接下来，园区将持续全方位优化营商环境，构建"候鸟+柔性+靶向"立体化国内外人 ...

据了解，从6月28日至8月底，爱达·魔都号将以上海美术电影制片厂（以下简称"上美影"）的经典动画《哪吒闹海》为主题，推出沉浸式的中国动画互动体 验，让游客们感受海上国潮文化之旅。 爱达邮轮相关负责人介绍，此次与上影元合作推出"哪吒闹海"的主题活动，是将经典动画与邮轮场景相结合的一次尝试，打造中国人自己的动画主题邮轮体 验。希望通过这一实践，将更多的中华优秀文化带上邮轮，通过海上场景进行创新表达。 上影元方面表示，在此次合作中，将与爱达邮轮共同深化"IP+文旅商体展"的探索，实现内容消费和体验消费的优势互补，拓展IP与文旅业态融合边界，推 动文化传承，一起讲好中国故事，共同打造展示中国文化的"海上名片"。 目前，爱达邮轮旗下运营的两艘大型邮轮——首艘国产大型邮轮爱达·魔都号和"艺术之船"爱达·地中海号，总计服务超68万国内外宾客。第二艘国产大型邮 轮爱达·花城号现已实现全船贯通，计划于2026年完成交付并在广州南沙开启国际航线。 在夏季主题航季期间，爱达·魔都号将推出《哪吒闹海》亲子舞台剧，该剧改编自上美影经典动画，重现哪吒的传奇故事。爱达·魔都号还将开设海上国潮放 映厅，集中展映《哪吒闹海》《大闹天宫》《葫芦 ...

Core Viewpoint - The "Sweet Economy" in Qingdao aims to enhance economic growth and consumer demand by integrating marriage registration with cultural tourism and consumption experiences [1] Group 1: Economic Integration - Qingdao is developing a "Sweet Economy" by creating a comprehensive service chain at the cruise home port, including marriage registration, wedding planning, and honeymoon travel [1] - The city is focusing on consumer hotspots and innovative models that combine marriage services with cultural experiences [1] Group 2: Romantic Experience - The Qingdao International Cruise Home Port features a romantic setting for marriage registration, allowing couples to transition seamlessly from a garden ceremony to a cruise honeymoon [2] - The marriage registration area is designed to be inviting and festive, attracting many couples, particularly from outside the city, to register their marriages [2] Group 3: Cultural Engagement - The immersive "Dream Back to the Tang Dynasty" night banquet at the Guanfu Art Center offers guests a unique cultural experience, blending traditional cuisine with interactive activities [3] - This event allows participants to engage with Tang dynasty culture through food, attire, and poetry, making history accessible and enjoyable [3] Group 4: Industry Transformation - The "Sweet Economy" in Qingdao has evolved into a cultural ecosystem that connects wedding services, cultural experiences, and tourism consumption [4] - The focus is on creating a sustainable model where cultural experiences attract visitors, while tourism consumption supports the local economy [4] Group 5: Future Development - The integration of marriage registration, cruises, and cultural experiences is expected to redefine the concept of "Sweet Economy," positioning it as a new engine for urban development and cultural transmission [5] - Qingdao aims to transform from a mere tourist destination into a vibrant cultural hub that fosters dialogue between traditional culture and modern life [5]

"端午安康！免签来中国很方便，这样我们有更多的时间游览厦门。"巴西籍旅客福纳达迅速办理完入境 手续，准备随团前往鼓浪屿游览参观。 中新社厦门6月1日电 (记者闫旭)搭载着620余名旅客的访问港邮轮"芮吉塔"号，1日靠泊厦门国际邮轮中 心。这是该邮轮首次到访厦门，也是今年以来以美国、加拿大等国旅客为主的最大来厦旅游团组。 来自墨西哥的旅客罗珊娜和朋友下船后，准备前往厦门环岛路、南普陀寺等地游玩。"第一次感受中国 的端午节，粽子挂饰很可爱，我很喜欢，我们都很期待本次旅行。"罗珊娜说。 正值端午假期，在厦门国际邮轮中心边检执勤现场，高崎边检站布置了具有端午民俗和中华传统文化元 素的装饰，通道上方挂上了艾草粽子、粽子风铃等挂件，并向来厦的外籍旅客赠送香囊、五彩绳等。 随着中国免签"朋友圈"不断扩大，政策红利不断释放，越来越多外籍旅客选择乘坐邮轮来华开启一场说 走就走的旅行。当天，来自23个国家的外籍旅客从"芮吉塔"号邮轮上下船。 据高崎边检站边防检查处处长沈文娟介绍，针对邮轮靠泊时间短、外籍旅客比例高的实际情况，高崎边 检站主动对接代理、码头以及地接旅行社，及时掌握邮轮入港、出境动态和通关安排；同时积极宣介、 引导随 ...

Company Performance - Viking Holdings (VIK) reported a loss of 24 cents per share in Q1 2025, which was better than the Zacks Consensus Estimate of a loss of 26 cents per share, compared to a loss of 3 cents per share in Q1 2024 [1] - Total revenues reached $897.1 million, exceeding the Zacks Consensus Estimate by 4.49% and showing a year-over-year increase of 24.9%, driven by increased Capacity Passenger Cruise Days (PCDs) and higher revenue per PCD [1] - Adjusted EBITDA for the quarter was $72.8 million, an increase of $77.3 million from Q1 2024, attributed to the growth in capacity of PCDs and higher revenue per PCD [2] Capacity and Demand - Capacity PCDs improved by 14.9% year-over-year due to the addition of two new river vessels and a new ocean ship delivered in 2024 [2] - The company experienced a 7.1% growth in Net Yield, indicating strong demand for travel experiences among its core demographic, with 92% of capacity already booked for the 2025 season [3] Financial Health - As of March 31, 2025, VIK had $2.8 billion in cash and cash equivalents, along with an undrawn revolver facility of $375 million, while the company's net debt stood at $2.9 billion [4] - Vessel operating expenses increased by 10.2% year-over-year, with expenses excluding fuel rising by 12.2%, reflecting the growth in fleet size [3] Industry Context - Norwegian Cruise Line Holdings Ltd. (NCLH) reported Q1 2025 results that missed the Zacks Consensus Estimate, with both earnings and revenues declining year-over-year [6] - Caesars Entertainment, Inc. (CZR) had mixed results in Q1 2025, with earnings missing estimates but revenues surpassing them, showing year-over-year improvement [8]

本报讯(记者李勇)伴随一声长长的汽笛，国际邮轮"爱达.地中海"号5月27日从辽港集团大连港国际邮轮 中心缓缓启航，搭载2600余名游客前往日本福冈和韩国济州完成5天4晚的邮轮之旅。这也是大连港时隔 五年后，再次迎来国际邮轮始发启航。大连市委副书记、市长陈绍旺，中国旅游集团党委书记、董事长 王海民，辽宁省文化和旅游厅副厅长华玉介，辽宁港口股份有限公司(以下简称"辽港股份（601880）") 党委书记、总经理魏明晖等出席启航仪式。 大连市副市长李大民在致辞时表示，大连将强化政策引领，制定邮轮经济发展规划，出台产业发展扶持 政策，开通日韩黄金航线，探索全球航线经停港潜力，并将以邮轮为纽带、以赛事为亮点、以文化为底 色，打造"邮轮+文旅"的全产业链生态，让世界游客感受浪漫之都的独特魅力。 中国旅游集团党委副书记、董事、华夏国际邮轮董事长石善博表示，"爱达.地中海"号邮轮首次以辽宁 大连为母港开启首航，展现了辽宁打造高品质文体旅融合发展示范地的影响力，凸显了大连作为海洋中 心城市、国际性综合交通枢纽的吸引力。 此次启航的"爱达.地中海"号隶属于中国邮轮自主品牌——爱达邮轮有限公司(以下简称"爱达邮轮")。该 轮全长29 ...

惊蛰研究所 . 探索发现新经济。 将投中网设为"星标⭐"，第一时间收获最新推送 拼完价格，拼"文化"。 作者丨 娅沁 以下文章来源于惊蛰研究所 ，作者惊蛰研究所消费组 来源丨 惊蛰研究所 随着全国气温的逐步上升，旅游旺季翩然而至。但当县域旅游、文博游、出境游等旅游方式成为旅游行业 热点时，原本小众的邮轮旅游也在悄悄崛起。 公开数据显示，今年春运期间，邮轮旅客运输量达17.2万人次，同比增长145.6%；五一假期，上海邮轮 口岸更是迎来"四船同靠"的盛况，单日出入境人员近3万人次，创下3年来新高。 面对眼下的市场热度，邮轮品牌们早已摩拳擦掌。为了抓住旅游旺季的市场机会，不少邮轮品牌将目光投 向了文化跨界的新玩法，推出与非遗、汉服等传统文化，甚至是哪吒、乐高等商业IP相关的主题旅游产 品。而这些文化跨界的新玩法，将邮轮经济带入新的蓝海。 邮轮旅游：拼完价格，拼"文化" 虽然2025年开年至今的亮眼数据，拉高了整个市场对"邮轮经济"的期待值。但在中国市场，邮轮作为一 种小众旅行方式一直难以流行。 长期以来，邮轮旅行的核心卖点始终围绕海上观光、娱乐设施、特色餐饮和免税购物等服务展开，这一模 式在市场培育期凭借清晰的功 ...

Core Viewpoint - Norwegian Cruise Line's stock has experienced a significant decline of 33% year-to-date, contrasting with the S&P 500's minor drop of 0.6%, indicating a broader downturn in the cruise sector [1] Financial Performance - Norwegian Cruise Line reported mixed Q1 results with an adjusted EPS of $0.07, below the consensus estimate of $0.09, and revenue of $2.13 billion, slightly under the forecast of $2.15 billion. The GAAP net loss was $40.3 million [2] - The occupancy rate was 101.5%, meeting guidance but showing a year-over-year decline due to increased dry-dock activities. Despite some "softening" in forward bookings, advance ticket sales rose 2.6% year-over-year to $3.9 billion, indicating ongoing demand [2] Valuation Comparison - NCLH stock appears inexpensive relative to the broader market, with a price-to-sales (P/S) ratio of 0.8 compared to 2.8 for the S&P 500, a price-to-free cash flow (P/FCF) ratio of 3.9 against 17.6 for the S&P 500, and a price-to-earnings (P/E) ratio of 10.5 compared to 24.5 for the benchmark [4][7] Revenue Growth - Norwegian Cruise Line's revenues increased by 10.9% from $8.5 billion to $9.5 billion over the past 12 months, while quarterly revenues dipped 3% to $2.1 billion compared to $2.2 billion a year earlier [5] Profitability Metrics - The company's operating income over the last four quarters was $1.5 billion, resulting in an operating margin of 15.5%, which is higher than the S&P 500's 13.1%. The operating cash flow during this period was $2.0 billion, indicating an OCF margin of 21.6% compared to 15.7% for the S&P 500 [6] Financial Stability - Norwegian Cruise Line's balance sheet is characterized as very weak, with total debt of $13 billion against a market capitalization of $7.6 billion, leading to a poor debt-to-equity ratio of 163.6% compared to 21.5% for the S&P 500. Cash and cash equivalents amount to $185 million of $21 billion in total assets, resulting in a cash-to-assets ratio of 1.0% versus 15.0% for the S&P 500 [9][8] Downturn Resilience - NCLH stock has historically performed worse than the S&P 500 during downturns, with a decline of 69.2% from a peak of $33.71 in June 2021 to $10.38 in June 2022, compared to a 25.4% decline for the S&P 500. During the COVID-19 pandemic, the stock fell 87.0% from a high of $59.65 in January 2020 to $7.77 in March 2020, while the S&P 500 saw a decline of 33.9% [10][11] Overall Assessment - The overall assessment of Norwegian Cruise Line indicates very weak operating performance and financial condition, with growth rated as very strong, profitability as neutral, financial stability as extremely weak, and downturn resilience as extremely weak [12][14]

随着全国气温的逐步上升，旅游旺季翩然而至。但当县域旅游、文博游、出境游等旅游方式成为旅游行业热点时，原本小众的邮轮旅游也在悄悄崛起。 公开数据显示，今年春运期间，邮轮旅客运输量达17.2万人次，同比增长145.6%；五一假期，上海邮轮口岸更是迎来"四船同靠"的盛况，单日出入境人员 近3万人次，创下3年来新高。 面对眼下的市场热度，邮轮品牌们早已摩拳擦掌。为了抓住旅游旺季的市场机会，不少邮轮品牌将目光投向了文化跨界的新玩法，推出与非遗、汉服等传 统文化，甚至是哪吒、乐高等商业IP相关的主题旅游产品。而这些文化跨界的新玩法，将邮轮经济带入新的蓝海。 邮轮旅游：拼完价格，拼"文化" 虽然2025年开年至今的亮眼数据，拉高了整个市场对"邮轮经济"的期待值。但在中国市场，邮轮作为一种小众旅行方式一直难以流行。 长期以来，邮轮旅行的核心卖点始终围绕海上观光、娱乐设施、特色餐饮和免税购物等服务展开，这一模式在市场培育期凭借清晰的功能定位，有效覆盖 了大众消费者的基础需求。 然而，随着中国邮轮市场进入成熟阶段，同质化问题逐渐成为发展瓶颈。大同小异的服务项目，高度重叠的日韩航线，使得差异化竞争优势逐渐丧失，已 难以满足新一代消 ...

Group 1 - Major tech stocks mostly declined, with Amazon and Google dropping over 1%. Travel services and cruise stocks saw significant declines, with Norwegian Cruise Line and Airbnb falling over 3% [1] - Tesla's stock initially rose nearly 4% but closed at $343.82, up 0.51%, with a market capitalization of $1.11 trillion. CEO Elon Musk stated he will remain in his position for the next five years unless he dies, and he noted that Tesla has not faced demand issues, with Europe being the weakest market [1] Group 2 - The precious metals sector saw significant gains, with Vista Gold rising nearly 18%, and other companies like Coeur Mining and Harmony Gold increasing by over 5% and 4% respectively [2] - U.S. solar stocks mostly rose, with Array Technologies up 5.57% and Sunrun up 2.21%. However, some companies like Maxeon Solar and FTC Solar experienced declines of 7.55% and 5.17% respectively [2] Group 3 - The Nasdaq Golden Dragon China Index fell by 0.65%, with Ctrip down over 5% and NIO down nearly 2%. Alibaba saw an increase of over 1%, while Jin Xin Technology surged by 36.96% [4] Group 4 - Spot gold futures rose by 1.84% to $3,289.54 per ounce, driven by a weaker dollar and uncertainties surrounding U.S. tariff policies and the Russia-Ukraine ceasefire situation. Analysts suggest that while gold prices are currently high, they may face short-term corrections but are expected to maintain a long-term upward trend [6] Group 5 - WTI crude oil futures closed at $62.56 per barrel, down 0.21%, while Brent crude oil futures closed at $65.38 per barrel, down 0.24%. Recent data shows that the S&P 500 index has recorded gains on 18 out of the last 22 trading days, indicating strong upward momentum in the stock market [8]