Core Insights - The rise of car camping and the use of car mattresses during holidays is significantly impacting the hotel industry, as more travelers opt for sleeping in their vehicles instead of booking hotel rooms [1][5][6] - The competition landscape for hotels has shifted, with hotels now competing not only with each other but also with higher-end hotels, cars, and even tents for customers [3][8] - The self-driving travel trend is growing, with a notable increase in rental car orders and self-driving tourism demand, indicating a shift in consumer preferences [4][5][6] Industry Trends - During the recent National Day and Mid-Autumn Festival holidays, the reading volume of car camping topics on social media platforms reached 110 million, with related discussions on electric vehicle camping increasing by 50 million [1] - The Ministry of Transport reported that by 2025, 80% of travelers are expected to choose self-driving as their mode of transport during holidays [1] - The demand for self-driving travel has increased by 6.7% year-on-year during the holiday period, with significant growth in various age groups, particularly among younger generations and families [4] Hotel Industry Impact - Hotel occupancy rates are declining, with many hotels experiencing higher vacancy rates during peak seasons, attributed to the rise of car camping and increased hotel supply [3][5][8] - The hotel industry is facing intense competition due to an oversupply of rooms, with over 600 new hotel rooms added in the vicinity of one hotel alone [8] - High-end hotels are engaging in price wars, significantly lowering their rates to attract customers, which is squeezing the middle-tier hotels [8][9] Consumer Behavior Changes - Consumers are increasingly seeking privacy, safety, and comfort in their travel experiences, leading to a rise in the popularity of customized car camping products [6] - The trend of "living in a car" is becoming more common, with many travelers opting for car mattresses and camping gear instead of traditional hotel accommodations [3][5] - The market for camping-related products, such as inflatable mattresses and portable power supplies, has seen substantial sales growth, indicating a shift in consumer spending habits [4][6]

图①：潍坊一家"青年驿站"内，工作人员为异地求职者办理入住手续。 周鹏程摄 图②：求职青年通过杭州青荷驿站的"数智就业一体机"查看岗位信息。 本报记者 窦瀚洋摄 图③：在成都十二月市博物馆，异地求职青年参加创新创业就业环境感知 行活动。 共青团成都市锦江区委供图 引 子 头一回来浙江杭州求职，河北张家口职业技术学院应届毕业生王绪广落脚青荷驿站，很快找到心仪的工 作。 杭州青荷驿站，专为异地求职大学生打造的"青年驿站"，提供住宿餐饮、职业指导、招聘信息等一站式 服务。目前，杭州市已运营青荷驿站90个、房源3900余套（间），累计服务求职创业青年20余万人次。 习近平总书记强调，"坚持把高校毕业生等青年群体就业作为重中之重"。今年4月，教育部、共青团中 央联合印发的《关于进一步发挥"青年驿站"作用 为跨地区求职高校毕业生提供住宿优惠便利服务的通 知》（以下简称《通知》）提出，切实发挥"青年驿站"降成本、促就业、惠学生积极作用，助力高校毕 业生尽快尽早就业。 以友好之城待有为青年。据共青团中央初步统计，"青年驿站"已覆盖约200个城市，规模达2600余家。 抵达青荷驿站，王绪广持电子凭证完成线下办理，顺利入住。宽敞 ...

□四川日报全媒体记者 尹梦奇 "我们都是张学友的歌迷，这次专程从西安赶来看他的演唱会。"10月11日，在成都东安湖体育公 园外，准备入场观看张学友演唱会的曹女士夫妇告诉记者，难得来一次成都，演唱会结束后他们 会在附近住一晚，准备在周边逛一逛。 东安湖体育公园的周边商场，也搭上了大型演艺活动带来的消费热潮"顺风车"。 "每次演唱会期间，门店的交易笔数较平时增加100至200笔。"10月11日19时，当记者在龙湖成都 东安天街商场碰见舒琦时，这位好利来门店工作人员正忙着接待顾客。 商场内的餐饮门店也有类似感受。烤匠门店工作人员罗忠伦对记者说，每当商场内举办演唱会的 粉丝活动时，门店每日客流都能稳定增加几十桌。 曲终人不散。一场大型演艺活动背后所承载的，远不止票房收入，更带动上万人的衣食住行，有 效撬动城市的消费热情。例如，截至6月25日，今年东安湖体育公园累计举办大型商业演出19场， 票房收入约2.445亿元，累计吸引观众约44.2万人次，并拉动景区景点、交通出行、酒店住宿、餐 饮购物等综合消费超16.626亿元。 未来几个月，成都又将迎来一大拨明星演唱会。一场演唱会，为何能成为"行走的GDP"？ 情绪消费，让歌 ...

Group 1 - The core point of the article is that southbound funds have increased their holdings in Yuehai Investment (00270.HK) by 2.602 million shares on October 16, 2025, marking a total net increase of 12.544 million shares over the last five trading days [1] - Over the past 20 trading days, southbound funds have reduced their holdings in Yuehai Investment for 16 days, resulting in a cumulative net reduction of 34.428 million shares [1] - As of now, southbound funds hold 488.9 million shares of Yuehai Investment, accounting for 7.47% of the company's total issued ordinary shares [1] Group 2 - The total number of shares held by southbound funds on October 16, 2025, is 488.9 million, with a change of 2.602 million shares, reflecting a change of 0.54% [2] - The previous trading days show a pattern of increasing holdings, with 5.856 million shares added on October 15, 2025, and 8.866 million shares on October 14, 2025, indicating a positive trend in recent days [2] - Yuehai Investment operates primarily in water supply and sewage treatment, with multiple business segments including water resources, property investment and development, department store operations, power generation, hotel management, and toll road operations [2]

Core Insights - Beijing Liangma River Tower recently celebrated its 35th anniversary, located in the core area of Beijing's CBD Yansha business district, adjacent to the embassy area, with comprehensive transportation and international resources [1] - The tower has a total construction area of approximately 130,000 square meters, featuring a four-star hotel, serviced apartments, Grade A smart office buildings, and a large conference center [1] - The tower is actively promoting smart construction and refined operations, focusing on space content creation and carefully planning community activities [1] Market Opportunities - The cultural tourism market has been heating up, and the tower capitalized on this by launching a themed cultural and entertainment event during the "May Day" holiday, which integrated dining, shopping, and entertainment, attracting a diverse range of guests [1] - During the event, the average hotel room occupancy rate increased by nearly 20% compared to the same period last year [1] Future Strategies - In 2025, the tower will focus on "operational efficiency, asset enhancement, project effectiveness, and strong management" as its main operational line, implementing a series of effective strategies to continuously optimize the company's brand image [2] - The tower aims to develop a dual-channel sales system combining traditional travel agency channels and digital social media to enhance customer experience while optimizing the customer base [2] - The tower plans to capture annual meeting opportunities and provide diversified services to effectively increase overall revenue, having already exceeded budgeted income and profit targets in the first half of the year [2] - Future plans include enhancing the functions of the cultural promotion center to serve as a bridge connecting the past and future, businesses and customers, hotels and society, laying a solid foundation for enhancing soft power and achieving sustainable development [2]

酒店行业近况交流 20251016 摘要 亚朵酒店预计 2025 年底门店总数达 2050 家左右，四季度计划新开门 店 100-105 家，全年新开门店目标接近 500 家，但受市场竞争影响， 实际业绩低于年初预算目标。 2025 年已关闭 41 家门店，预计全年关店数可能低于 70-80 家的目标。 四季度通常为关店高峰期，加盟商多选择在淡季结束经营以降低成本。 2025 年第三季度，亚朵项目占新开门店的 55%，亚朵 S 项目占 15%，轻居项目占 30%。RevPAR 在 7 月和 8 月同比略有下降，但整 体市场表现相对稳定。 2025 年 8 月 ADR 同比下降 3%至 460 元，出租率同比上升至 86%。9 月 RevPAR 同比下降约 3.2%至 300 元，出租率降至 70%，受暑期流 量结束和商务流量不足影响。 十一期间亚朵酒店 RevPAR 同比增长，主要由 ADR 驱动。节后出租率 略低于 9 月，降至 67%-68%，因商务和会展需求尚未完全恢复，但对 10 月整体表现持乐观态度。 Q&A 截至 2025 年 9 月 30 日，亚朵酒店的开店情况如何？ 截至 2025 年 9 月 ...

新世代 新需求新消费 20251016 摘要 2025 年双十一期间，消费者对体验式消费需求显著提升，旅游出行人 次增长，跨区域流动人次同比增长超 6%，反映旅游潜力持续释放，入 境游也受益于签证便利化政策快速增长。 2025 年上半年，美妆护理板块领涨，社服板块表现平淡但仍有正收益； 商贸零售自 2024 年 924 以来与中证 2000 走势一致。新一代消费者偏 好体验式消费，注重个人感受和情绪满足。 OTA 平台受益于长期积累的线下供应链资源，在需求持续释放和目的地 轮换频繁的环境下保持竞争力，并积极拓展银发人群等新增业务领域， 尽管 23-24 年股价上涨明显，但竞争格局良好。 酒店行业吸引大量资本进入，小体量酒店业主倾向加盟连锁以确保现金 流。2024 年至今酒店数量和客房数量均有中高个位数增长，华住增幅 最快，RevPAR 恢复优于同行，大型连锁酒店集团市场份额快速增加。 零售业回归满足消费者需求，社零总额稳步增长，线上增速放缓竞争加 剧，头部电商介入本地市场争夺流量，营销运营年轻化，反映线上平台 在细分领域展开激烈竞争。 Q&A 线上零售市场趋于平稳，网上实物零售额占比约 30%，电商平台聚焦消 ...

Core Viewpoint - NIRAKU (01245) has announced the acquisition of land and buildings in Atami, Shizuoka Prefecture, Japan, for a total consideration of 791 million yen, expected to be completed by November 4, 2025 [1] Group 1: Acquisition Details - The acquisition involves nine independent plots of land totaling approximately 1,411.43 square meters and five buildings with a total floor area of about 1,265.60 square meters [1] - The existing buildings are a traditional Japanese inn currently operating under the name "Atami Yama Ko" [1] - The current owner of the land and buildings is Omine [1] Group 2: Business Context - NIRAKU's primary business activity includes operating hotels in Japan, with recent additions of onsen ryokans and traditional Japanese inns to its hotel portfolio [1] - Following the COVID-19 pandemic, Japan's tourism industry has shown strong recovery, with an increasing number of foreign visitors traveling to Japan for leisure [1] - The management is cautiously optimistic about the ongoing recovery and growth potential of Japan's tourism industry [1] Group 3: Location and Appeal - The buildings are located in a well-known traditional Japanese inn, situated in a premium community famous for its fishing traditions, harbor views, and lush hills [2] - The area of Nagai is recognized as a top hot spring resort destination, characterized by a mild climate and rich ecological environment, making it an attractive tourist area [2] - The land features a private hot spring source, providing direct supply from the source, enhancing the appeal of the traditional inn within the group's hotel portfolio [2]

万达酒店发展(00169)发布公告，自2025年10月16日起，(1)宁奇峰已提呈辞去执行董事及董事会主席职 务，及刘英武已提呈辞去执行董事职务;(2)张春远及韩旭已由非执行董事调任为执行董事，及张先生已 获委任为董事会主席;(3)何其聪及梁欣华已获委任为非执行董事;及(4)张先生已获委任为本公司提名委员 会主席。 ...

由于土地及楼宇的价格较评估市值具吸引力，集团管理层认为收购事项为集团进一步扩展其酒店业务提 供良机。 收购事项的代价及其他开支将由本集团内部资源拨付。董事认为收购事项将不会对集团的流动资金状况 构成任何重大不利影响。 随着地理位置优越的和式旅馆纳入本集团的酒店组合，集团管理层认为，集团将能更好地把握日本旅游 业复苏及发展潜力所带来的商机。 格隆汇10月16日丨NIRAKU(01245.HK)宣布，于2025年10月16日，NBI(公司的全资附属公司，作为买 方)与KeethPartners(独立第三方房地产经纪，作为卖方)订立买卖协议，以总代价790.6百万日圆(相当于 约41.9百万港元)收购位于日本静冈县热海市网代的土地及楼宇。预期将于2025年11月4日完成。 位于土地上的楼宇是一间老牌和式旅馆，其优越的度假村位置对休闲游客而言极具吸引力。网代是以渔 业传统、港湾景观及林木葱郁的山丘闻名的高级社区，坐落于日本顶级温泉度假胜地热海市。温和的气 候与丰富的生态环境，使网代成为具有浓厚特色的观光度假区，特别是在海洋休闲资源与温泉旅游方 面，更拥有品质卓越的温泉场所。土地拥有私人温泉泉源，温泉直接从源头供应。 ...