灵隐飞来峰景区位于杭州西湖风景名胜区西部的山峰之间，灵隐寺是著名的佛教圣地。2011 年，"杭州西湖文化景观"被联合国教科文组织正式列入《世界遗产名录》，灵隐飞来峰作为西湖的重要 构成，成为世界遗产的一部分。 新华社杭州11月19日电（记者段菁菁）为更好地满足市民游客的旅游需求、提升游览品质，杭州西 湖风景名胜区19日发布通告，宣布自2025年12月1日起，灵隐飞来峰景区正式实行免票政策，向公众免 费开放。 据悉，此次免票范围涵盖整个灵隐飞来峰景区，包括其内的灵隐寺、永福寺、韬光寺等著名文化景 点。实行免票政策后，灵隐飞来峰景区45元门票和灵隐寺30元香花券合计75元费用将全部取消。这一举 措旨在让更多公众能领略世界文化遗产魅力，共享杭州的历史文化与自然风光。 灵隐飞来峰景区是西湖最受欢迎的景点之一，年客流量超千万人次。为应对免票后可能出现的客流 高峰，确保游客安全与文物安全，景区将同步实施"实名预约、分时游览"的精细化管理方案。景区设定 每日预约上限，工作日3.5万人次、双休日5万人次、节假日6.5万人次。预约系统将按上、下午两个时段 进行分段预约，以引导游客错峰出行，优化游览体验。 ...

杭州灵隐飞来峰景区自2025年12月1日起实行免票 中新网11月19日电 据"杭州西湖景区咨询"微信公众号消息，为满足广大市民游客需求，提升游览体 验，经研究决定，灵隐飞来峰景区自2025年12月1日起实行免票。现将有关事项通告如下： 一、免票措施 自2025年12月1日起，灵隐飞来峰景区(含灵隐寺、永福寺、韬光寺)实行免票政策，开放时间每日7:30- 17:30(17:00停止入园)。 为有效应对免票后的大客流影响，更好地保护文物遗产，景区将实行"实名预约、分时游览"的预约制 度。预约量(含旅行社团队)分别为：工作日3.5万人次/天、双休日5万人次/天、节假日6.5万人次/天。 预约系统按上、下午分段预约，请广大游客和旅行社提前规划行程，错峰游览。 二、预约方式 (一)预约渠道 游客通过支付宝或微信平台搜索"杭州灵隐飞来峰"小程序实名预约。预约通道将于2025年11月24日8:00 正式上线启用。 (二)预约规则 1.分时分段规则 预约时段分为上、下午，上午场时间段为7:30-12:00，下午场时间段为12:00-17:00。上午场最晚入园时 间为13:00，下午场最早入园时间为11:00。 为做好景区现场 ...

Summary of Long White Mountain Conference Call Company and Industry Overview - The conference call discusses Long White Mountain Scenic Area, focusing on its tourism and hospitality performance in 2025, particularly in light of recent developments such as the opening of the Shenbai High-Speed Railway and seasonal visitor trends [2][4][6]. Key Points and Arguments Visitor Trends and Performance - In July, visitor numbers increased by 40% year-on-year, and in August, the growth was 13.9%, driven by summer tourism [2][4]. - The total number of visitors to the scenic area increased by approximately 10% year-on-year for the first three quarters of 2025 [4]. - The opening of the Shenbai High-Speed Railway in October reduced travel time from Shenyang to Long White Mountain to about 4 hours, leading to a nearly 20% increase in visitors from Liaoning province [6][7]. Financial Performance - The company experienced losses in the first half of the year due to an early end to the New Year holiday and extreme weather conditions [5]. - However, the summer season saw a recovery, with significant measures taken to enhance infrastructure and transportation capacity, resulting in improved performance [5]. - The hotel occupancy rate for the Long White Mountain Crowne Plaza increased by 0.31% year-on-year, although the average room rate decreased by 6.4% [10]. In the third quarter, occupancy and average room rates both rose, with revenue from room sales increasing by 10.45% [11]. Transportation and Infrastructure - The scenic area implemented strategies to manage ticket sales and visitor flow in response to sudden weather changes, including real-time adjustments to ticketing [8]. - The high-speed railway's impact is expected to be more pronounced in the coming months, enhancing visitor flexibility and increasing ticket sales uncertainty [7][16]. Seasonal Visitor Dynamics - During the autumn holiday, there was a notable increase in visitors from southern provinces, with Zhejiang province accounting for 16.73% of visitors and Guangdong province seeing a doubling in visitor numbers [9]. - The company anticipates a good increase in visitor numbers during the upcoming winter season, supported by early snowfall and the high-speed railway [14]. Business Segments - The charter bus and other transportation services reported a 26.47% year-on-year increase in revenue for the first nine months, with a 22.23% increase in charter bus revenue in the third quarter [12]. - The vacation service company saw a 44.74% increase in revenue year-on-year, with a 22.25% increase in net profit, driven significantly by the "Leap Long White Mountain" project [3][13]. Future Outlook - The company aims to meet a government-set target of 4 million visitors for the year, although achieving this remains challenging [14]. - The introduction of new transportation routes and improved connections between airports and the scenic area is expected to enhance visitor access and overall tourism growth [19][20][21]. Additional Important Insights - The scenic area is planning to enhance its capacity by expanding infrastructure and transportation options, including the procurement of additional vehicles and hiring external support for peak seasons [15]. - The company is also exploring the potential for winter tourism in the southern scenic area, which is currently underutilized due to transportation challenges [18]. - The overall efficiency of the scenic area has improved, with weekend and holiday travel becoming more accessible, thus increasing visitor numbers during off-peak times [17]. This summary encapsulates the key insights from the Long White Mountain conference call, highlighting the company's performance, visitor trends, and future strategies in the tourism industry.

Core Viewpoint - The implementation of spring and autumn breaks in primary and secondary schools is gaining traction across various regions in China, aimed at reducing academic pressure and boosting consumer spending through family travel opportunities [2][4][5]. Group 1: Policy Implementation - Sichuan and Zhejiang provinces have fully implemented the spring and autumn break system for primary and secondary schools [2]. - Other cities like Foshan, Hanzhong, and Enshi are also exploring the implementation of spring and autumn breaks [2]. - The central government has encouraged local areas to explore the setting of spring and autumn breaks while maintaining the total number of school days and teaching hours [4]. Group 2: Impact on Consumer Behavior - The establishment of spring and autumn breaks is expected to promote family travel, thereby stimulating consumption in the tourism sector [5]. - Various regions have scheduled autumn breaks, with many cities aligning these breaks with weekends to create extended holiday periods [4]. Group 3: Tourism Surge - The autumn breaks have led to a significant increase in tourist traffic at various scenic spots, with some locations experiencing visitor saturation and implementing crowd control measures [6]. - Popular tourist destinations like Jiuzhaigou and Shanghai Disneyland reported full bookings during the autumn break period, indicating a strong demand for travel [7][8]. - Data from travel platforms show a substantial increase in travel bookings, with train ticket orders from Chengdu to Jiuzhaigou up by 116.7% year-on-year and Jiuzhaigou ticket reservations up by 158% [8].

Core Insights - The implementation of spring and autumn breaks in primary and secondary schools is gaining traction across various provinces in China, including Sichuan and Zhejiang, with the aim of boosting consumer spending and enhancing students' well-being [2][3] Group 1: Policy Developments - Several provinces, including Sichuan and Zhejiang, have fully implemented spring and autumn break systems for primary and secondary schools [2] - The Jiangsu provincial government has encouraged localities to explore the establishment of spring and autumn breaks before the "May Day" and "National Day" holidays [2] - The central government has emphasized the need to optimize student holiday arrangements to promote service consumption [2] Group 2: Impact on Tourism - The introduction of autumn breaks has led to increased tourist traffic in various scenic spots, particularly in Zhejiang and Sichuan, with some locations experiencing visitor saturation and implementing crowd control measures [4] - Popular tourist destinations like Jiuzhaigou and Shanghai Disneyland have reported sold-out tickets during the autumn break period, indicating a surge in family travel [5] - Data from Meituan Travel shows a significant increase in travel bookings from Chengdu to scenic areas, with train ticket orders up by 116.7% and Jiuzhaigou ticket reservations up by 158% year-on-year [5] Group 3: Economic Implications - The establishment of spring and autumn breaks is expected to alleviate academic pressure on students and promote family travel, potentially driving up consumer spending [3] - The average price of domestic round-trip flights to popular destinations during the autumn break has increased by approximately 7% compared to last year, reflecting heightened demand [5]

Core Viewpoint - Tianfu Culture and Tourism confirmed that the Xiling Snow Mountain scenic area is operating normally and that the ski resort project typically opens in mid to late December, depending on weather conditions [1] Company Operations - The company stated that the specific operational status should be monitored through regular reports and related announcements [1]

Group 1 - The company Tianfu Cultural Tourism (000558.SZ) confirmed that the operation of its Xiling Snow Mountain scenic area is normal [2] - The ski resort within the scenic area is expected to officially open around mid to late December each year, depending on weather conditions [2] - Investors are encouraged to monitor the company's regular reports and announcements for specific operational details [2]

Summary of Changbai Mountain Scenic Area Conference Call Industry Overview - The conference call discusses the performance and future outlook of the Changbai Mountain Scenic Area, particularly in relation to tourism and hospitality sectors. Key Points Visitor Growth and Trends - From October 9 to 25, visitor numbers increased by approximately 16-17% year-on-year, with a peak of over 12,000 visitors in a single day, attributed to the opening of the Shenbai High-Speed Railway and marketing activities [2][4] - The total expected visitor count for the year is around 3.8 million, reflecting a year-on-year growth of 10%-20% [2][4] - Liaoning Province has become a major source of visitors, with a share increase of about 0.3 percentage points and a growth of over 10% year-on-year, facilitated by improved travel times due to the Shenbai High-Speed Railway [2][5] Capacity and Infrastructure - The North Scenic Area has a winter capacity of approximately 15,000 visitors, while the West Scenic Area can accommodate 5,000, representing a total increase of about 20% compared to last year [2][6] - Future capacity is projected to increase from 41,000 to 51,000 visitors per day, an increase of about 20%, due to infrastructure improvements and better traffic management [10] New Projects and Revenue Streams - New projects include the En Dori Commercial Street and the Deer Horn Village Fairy Tale World, aimed at enhancing visitor experience and increasing stay duration [2][7] - The company has introduced new activities such as snowmobile and ATV experiences, as well as a 3 km hiking trail, which are expected to significantly contribute to overall performance [2][7] - The second phase of the Hot Spring Tribe is expected to open in the second half of next year, with a positioning slightly below the first phase Crowne Plaza Hotel, potentially matching its scale [9] Operational Strategies - The company plans to streamline costs and focus on converting winter tourism-related consumption to improve profitability in the fourth quarter [3][13][14] - The hospitality model includes 140 guest rooms operated through a leasing and renovation strategy, with a 51% stake in a joint venture for restaurant management [2][8] Financial Performance and Future Outlook - The company anticipates that the new projects and improved visitor experiences will lead to significant revenue growth during the winter season [2][7] - The Snow Mountain Water Town project is in the planning stage with a total investment of approximately 500 million, focusing on room revenue from summer and winter tourism [11] Shareholder Actions - Jilin Forest Industry's share reduction was due to funding needs, with no clear indication of future reductions [12] Additional Insights - The company is actively managing its operational costs to address high expenses associated with the winter season, aiming for a balanced approach to revenue generation and cost management [3][13]

Group 1: Autumn Scenery and Tourism - The best time for leaf viewing has arrived in November, attracting many visitors to famous scenic spots in Beijing [1][5] - Beijing's National Botanical Garden features vibrant colors from ginkgo, ash trees, and maple trees, creating a picturesque environment [1] - Xiangshan Park has transformed into a colorful fairy tale world with a mix of red, orange, yellow, and green leaves [3] Group 2: Economic Impact of Leaf Viewing - The increase in visitors for leaf viewing has led to a rise in cultural, dining, and accommodation sectors in Beijing [6] - Cultural products related to red leaves have seen a revenue increase of 10% to 13% this year, driven by the launch of themed merchandise [6] - The "Maple Leaf Coffee" introduced at Xiangshan Park has become a popular item among visitors [8] Group 3: Visitor Statistics and Local Business Growth - Over 20,000 visitors have flocked to the red maple forest in Huairou's Beifang Town in the past week, boosting local dining and fruit sales [8] - A restaurant in Huairou reported a 30% increase in overall customer traffic, attributed to promotional efforts related to the red maple forest [10] - Local farmers have sold over 260,000 pounds of various fruits and vegetables during the leaf viewing period, marking a 70% year-on-year increase [12]

Core Viewpoint - The company received a notification from its shareholder, China Jilin Forest Industry Group Co., Ltd. ("Jilin Forest"), regarding a share reduction plan due to its own funding needs [1] Group 1: Shareholder Actions - Jilin Forest plans to reduce its holdings by up to 2.7236 million shares, which represents no more than 1% of the company's total share capital, within three months starting from 15 trading days after the announcement [1] - As of the announcement date, Jilin Forest holds 13.2075 million shares, accounting for 4.85% of the company's total share capital [1] - The company's other shareholder, Changbai Mountain Forest Industry Group Co., Ltd., holds 6.9477 million shares, representing 2.55% of the total share capital, bringing the combined holdings of both entities to 7.40% [1] Group 2: Share Reduction Details - The shares to be reduced were acquired prior to the company's initial public offering [1] - The timing, quantity, and price of the share reduction will depend on market conditions and stock price, indicating uncertainty in the execution of the plan [1]