（原标题：Coach亚太区总裁离职；法拉利发布首款电动跑车｜二姨看时尚） 21世纪经济报道记者 高江虹 实习生 陈晓冉 上周喜报不少。巴黎时装周落幕，多位品牌创意总监首秀偏保守，LV、Miu Miu等反倒求新亮眼；财务 表现仍然分化，无印良品母公司、迅销集团（优衣库）上财年营收利润双增创纪录，Loewe、Belstaff 2024财年则利润或营收大下滑，Belstaff还被Castore收购。 人事变动方面，Coach亚太区CEO杨葆焱离职、爱马仕投资者关系主管换人；品牌营销花样翻新，法拉 利发布首款电动跑车，路易威登将出品牌专著，万豪国际跟上了户外风，推出住宿数字平台。 时尚老人总在落幕，品牌创意却从未停止。 1.巴黎时装周顺利落幕 2026春夏巴黎时装周于10月7日正式落幕。本季的一大核心看点，是多位奢侈品牌创意总监发布入职后 的首秀：Jonathan Anderson 在 Dior 以解构经典开启全新篇章；Pierpaolo Piccioli 执掌的 Balenciaga 在创 新与传承间取得精妙平衡；Matthieu Blazy 为 Chanel 注入当代松弛感，重塑品牌标志性单品；而 Jack Mc ...

Core Insights - The 138th Canton Fair and the 15th National Games will take place in Guangzhou, showcasing the city as a global trade cooperation platform and a vibrant meeting point for international guests [2] Group 1: Event Highlights - Guangzhou is preparing comprehensive services for global merchants, including entry services, travel experiences, and consumer services [3] - The theme "Passion for the National Games, Enjoy Shopping in Guangzhou" will drive a citywide consumption festival, featuring over 3,000 events and exclusive offers for Canton Fair attendees [4] - The city will host the "2025 International Shopping Festival," covering all 11 districts and involving over 10,000 merchants [4] Group 2: Hospitality and Accommodation - Hotel bookings during the Canton Fair are nearly full, with a significant proportion of international guests, particularly from Europe and Southeast Asia [7] - Hotels are introducing themed activities to welcome guests, including music events and interactive areas [7] Group 3: Transportation and Services - Guangzhou has enhanced entry services with dedicated channels at the airport and port, offering multilingual support and streamlined customs processes [8] - New transportation networks, including three intercity railways and two metro lines, have been established to facilitate access to the exhibition center [9] - The introduction of a tax refund service area within the exhibition hall allows for convenient shopping and tax refunds for international visitors [10]

Core Points - The newly enacted "Hainan Free Trade Port Tourism Regulations" emphasizes the keyword of openness, presenting new opportunities for the tourism industry in Hainan [1][2] - The regulations will take effect on December 1, 2023, and include a dedicated chapter on "Tourism Openness and Internationalization" aimed at building an international tourism consumption center [1][2] Tourism Market Opening - The regulations will gradually relax or eliminate restrictions on foreign investment in the tourism sector, allowing qualified joint venture travel agencies and wholly foreign-owned enterprises to operate outbound tourism services, excluding Taiwan [1][2] - The regulations encourage the establishment of high-end hotel groups and renowned hotel management brands in Hainan, promoting the internationalization and refinement of hotel brands [1][2] Visa and Travel Policies - A broader visa-free entry policy will be implemented, enhancing international tourism services in areas such as online booking, customs clearance, financial payments, and medical assistance [2] - Currently, citizens from 86 countries can enter Hainan visa-free, contributing to the popularity of "Hainan Travel" [2] Duty-Free Shopping and Events - The regulations will implement more convenient duty-free shopping policies for outbound travelers, aiming to create an internationally influential duty-free shopping destination [2] - There is encouragement for international high-level performances and events, as well as for foreign investors to establish performance agencies and venues [2] Medical Tourism - The regulations support the development of the Boao Lecheng International Medical Tourism Pilot Zone, facilitating medical treatment for overseas patients in Hainan [2] - The pilot zone will enhance multilingual services and cross-border medical treatment convenience, improving international medical tourism service capabilities [2][3] Talent Development - The regulations encourage the introduction and training of urgently needed international talent in the tourism sector and support the establishment of foreign educational resources in Hainan [3] - These measures are expected to attract more international tourists and provide a foundation for international capital to enter Hainan's tourism industry [3]

Core Viewpoint - The article discusses the contrasting experiences of tourism during the recent holiday period, highlighting a significant increase in travel numbers but a decline in per capita spending, indicating a shift in consumer behavior towards local tourism and budget-consciousness [12][14][46]. Group 1: Travel Data and Trends - During the holiday from October 1 to October 8, the total cross-regional movement of people reached approximately 2.432 billion, averaging 304 million per day, a year-on-year increase of 6.2% [12]. - The actual number of domestic travelers during the 8-day holiday was 888 million, an increase of 123 million compared to the previous year's 7-day holiday [14]. - The majority of travel was local, with 2.24 billion people traveling by road, indicating that many travelers were either visiting local attractions or returning home rather than traveling long distances [20][22]. Group 2: Consumer Spending Patterns - Total spending on domestic travel during the holiday was approximately 809 billion, an increase of 108.2 billion from the previous year [27]. - Per capita daily spending was 113.9 yuan, a decline of 13% year-on-year, and only 95.9% of the level seen in 2019 [28]. - The average daily expenditure suggests that many travelers spent significantly less, with some spending as little as 28 yuan on additional expenses after basic costs [30][32]. Group 3: Shift in Tourist Demographics - The increase in local tourism is attributed to a rise in local visitors, while the number of out-of-town tourists has decreased, leading to a bustling atmosphere in popular attractions primarily due to local visitors [23][68]. - The trend of camping and outdoor activities has surged, with tent rental orders increasing by 410% year-on-year, reflecting a shift towards more budget-friendly travel options [39]. Group 4: Impact on the Tourism Industry - The tourism industry is experiencing a decline in profitability despite an increase in visitor numbers, as evidenced by the poor performance of several hospitality and restaurant stocks during the holiday period [48]. - The article highlights that the overall consumer sentiment among the middle class has decreased, leading to a more frugal approach to spending on travel and leisure activities [60][71].

Core Insights - The night economy in Changsha has become a significant driver of overall commercial revenue, with night-time consumption accounting for 60% of total consumption, leading to over 1 million jobs [2][7] - Changsha has been recognized as one of the top ten cities in China for night economy influence for three consecutive years, indicating a shift from a "internet celebrity" phase to a sustainable "long-lasting ecosystem" [2][8] Group 1: Night Economy Development - The peak consumption period in Changsha is from 6 PM to 2 AM, highlighting the importance of night-time foot traffic for businesses [2] - The city has established a goal to become a "24-hour city," with initiatives such as the first night economy service center in Tianxin District and the cultivation of 10 night economy demonstration districts [7] Group 2: Innovative Consumption Experiences - High-end dining establishments are embracing local flavors, with innovative events like the "Xiangjiang Night" festival at luxury hotels, allowing consumers to enjoy gourmet experiences at affordable prices [3] - Traditional dining venues are also adapting by offering unique experiences, such as themed performances and community-focused food options, enhancing the diversity of the night economy [3][6] Group 3: Cultural and Technological Integration - The integration of technology and culture is evident in events like the Dawang Mountain Starlight Fireworks season, which combines drone displays with cultural themes, attracting significant attention and participation [4][5] - The introduction of smart lighting management along the Xiangjiang River enhances the visual appeal of the city at night, contributing to the overall night economy experience [5] Group 4: Entertainment and Cultural Offerings - The rise of small theaters and immersive cultural experiences, such as the new Chinese-style Xiang opera, is reshaping the entertainment landscape, drawing large audiences and enhancing cultural engagement [6] - Future plans include the development of over 100 unique performance spaces that integrate dining and night tours, promoting local culture and contemporary consumer experiences [6][7] Group 5: Economic Impact and Community Engagement - Major events, such as concerts, have demonstrated the economic impact of night-time activities, with surrounding businesses seeing a boost in revenue, exemplified by a concert that generated over 500 million yuan in tourism consumption [7] - The city's approach to enhancing night economy services reflects a commitment to improving citizen satisfaction and providing a model for other cities to follow [7][8]

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 （ID：tourismzonenews） ，作者：theodore熙少，题图来自：AI生成 01 国庆八天长假过去了，景区在堵，火车在爆满，朋友圈在热闹。 交通运输部显示，今年10月1日到8日，累计全社会跨区域人员流动量预计24.32亿人次，日均高达 3.04亿人次，同比去年国庆假期日均增长6.2%。 但纸面上的繁荣，并没有让很多旅游业者感受到实质温度。 在旅界搭建的酒旅行业社群里，这个假期的关键词是"人来了，钱没来"。 业者们的真实声音是： "今年皖南这边热门线路都下滑挺严重的，价格不上去，降价也不合适，几个酒店出租率整体滑落15% 左右，我们头部酒店连锁集团都吃不饱，小的、一般的民宿酒店数据更差一点了。" "坐标广西，价格比去年差20到25%，出租率只有4天满房，台风影响，下了两天的雨。" "山西阳城除3号高一些，3家婚宴撑了场面，雨下个没停，收入不太好看。" "大理十年最差。" 这些酒店、民宿业者的抱怨此起彼伏，像一场看不见的阴雨。 据新周刊披露，绍兴新昌尊蓝山居、上海虹桥新华联索菲 ...

Group 1 - The core observation is that the recent National Day and Mid-Autumn Festival holiday revealed a shift in consumer behavior, with a notable decline in traditional spending on hotels and movies, reflecting broader economic challenges [2][8] - The total box office for the National Day holiday in 2025 was 18.35 billion yuan, marking a 14% year-on-year decline despite an additional day of holiday [2][7] - Domestic travel during the holiday reached 8.88 billion trips, with total spending of 809 billion yuan, resulting in a daily per capita consumption of 113.9 yuan, down 13% year-on-year [2][5] Group 2 - The underlying logic for the decline in movie box office is attributed to insufficient investment in the film industry and inadequate production capacity [2][5] - The shift in consumer spending habits, such as opting for camping over hotel stays, is linked to reduced income and rising prices in tourist areas, making traditional options less appealing [2][5] - The correlation between the peaks in movie box office and real estate sales over the past decade indicates that the real estate sector has been a significant driver of economic activity [6][8] Group 3 - In the real estate sector, new home sales during the holiday period showed significant activity, with reports of high visitor numbers and substantial sales in cities like Beijing, Guangzhou, and Shenzhen [9][12][14] - Beijing recorded a total of 418 new residential contracts during the holiday, while Guangzhou saw a 394% increase in new home purchases compared to the previous year [10][12] - The disparity between new and second-hand home sales is evident, with new homes performing well while second-hand transactions have significantly decreased [17][18]

Core Points - The Wanshou River Wetland Park in Wuxi has been included in the third batch of open shared urban green spaces in Jiangsu, covering an area of approximately 68,000 square meters, making it the largest urban green space in Wuxi city center [1] - The park serves around 15,000 residents and the future 10,000 students and faculty of the newly constructed Nanjing University of Posts and Telecommunications Wuxi campus [1] - The park integrates urban functions with Jiangnan water town culture, acting as a "green lung" for the surrounding population [1] Group 1 - The park was designed by a professional landscaping company according to urban comprehensive park standards, featuring recreational, educational, and fitness elements, and was completed after six months of construction [2] - It incorporates natural ecological elements such as rain gardens and grassed ditches, functioning as a "sponge park" that effectively absorbs rainwater [2] - The park is divided into five distinct zones and twelve scenic spots, with amenities like a winding rainbow walkway, numerous resting benches, and a newly built parking lot with 80 spaces to alleviate parking issues [2] Group 2 - The area surrounding the park is developing rapidly, with the construction of the Nanjing University of Posts and Telecommunications Wuxi campus expected to significantly increase the local population [2] - The park enhances the quality of life in the Huishan High-tech Zone, providing a friendly living environment for all ages and contributing to the area's leisure and business offerings [3] - It is part of a broader initiative to meet the public's demand for improved living conditions and to share the benefits of development with the community [3]

Core Insights - The recent National Day and Mid-Autumn Festival holiday saw a significant increase in domestic travel, with 888 million trips taken, up 123 million from the previous year, and total spending reaching 809 billion CNY, an increase of 108 billion CNY [1][5] Group 1: Travel and Tourism Data - The travel service GMV on Fliggy increased by 48% year-on-year, with service users up by 30%, and hotel night stays surged by 78% compared to last year [1] - Jinjiang Hotels reported a 4% increase in average occupancy rate, with over 13 million guests served, a 30% increase year-on-year [2] - Huazhu Group's hotels hosted over 10.55 million guests, a 36% increase, with foreign guests up 75% [2] Group 2: Emerging Travel Trends - There is a growing trend of "reverse tourism," with younger travelers exploring less popular destinations, leading to high occupancy rates in lower-tier cities [3] - Cities like Jingdezhen saw a 60% increase in orders on Fliggy, with overall tourism orders up nearly 40% on Ctrip [4] - The demand for unique local experiences surged, with a 50% increase in tourists opting for extended stays of 7-8 days [4] Group 3: Market Outlook - The travel market is expected to maintain strong momentum, with predictions of increased travel activity continuing until October 12, driven by diverse consumer needs and quality offerings [5]

Core Viewpoint - The hotel market in county towns is becoming a new battleground for hotel groups, driven by a logic of market share competition as demand for hotel services in these areas increases [4][6]. Market Trends - During the recent holiday season, hotel prices surged significantly, with some hotels in county towns increasing their rates from a few hundred to over 1600 yuan, indicating a growing trend in the hotel market [4]. - The number of new hotel openings in lower-tier cities reached 17,300 in 2024, with major hotel groups like Huazhu and Jinjiang expanding their presence in these areas [4]. Consumer Behavior - Consumers are increasingly seeking value in county town hotels, where they can enjoy quality services at lower prices compared to urban areas. This trend is particularly appealing to business travelers [7]. - The hotel experience in county towns is becoming standardized, allowing consumers to expect consistent quality across different locations [5][7]. Competitive Landscape - Major hotel groups, including Huazhu, Jinjiang, Atour, and Shoulv, are expanding their room inventory primarily through a light-asset franchise model, which reduces risks and increases profitability [8]. - Huazhu reported a revenue of 6.426 billion yuan in Q2 2025, a 4.5% increase year-on-year, with net profit rising by 44.7% to 1.544 billion yuan, driven by franchise and management income [11]. Financial Performance - Atour achieved a net income of 2.469 billion yuan in the same period, with a year-on-year growth of 37.4%, highlighting the strong performance of its retail business [11]. - In contrast, Shoulv and Jinjiang faced challenges, with Shoulv's revenue declining by 1.9% to 3.661 billion yuan and Jinjiang's revenue down by 5.3% to 6.526 billion yuan, indicating a struggle to maintain profitability despite expansion [11][12]. Industry Dynamics - The hotel industry is experiencing a clear divide in profitability, with leading brands like Huazhu and Atour benefiting from a light-asset model, while others like Shoulv and Jinjiang are burdened by high costs and asset-heavy structures [12][13]. - The overall trend in the hotel industry points towards increasing concentration, with larger groups gaining advantages through economies of scale and network effects, particularly in the mid- to low-end market [13]. Future Outlook - The future of the hotel industry will likely see a continued focus on differentiation, with brands like Atour targeting niche markets through unique value propositions [13]. - The shift from traditional cost centers to profit centers through supply chain and digital marketing innovations will be crucial for brands aiming to thrive in a competitive landscape [13].