We're going to do a bit of a draft today. The five of us, we're going to pick five things each and it's going to be chaos and we're going to try to figure out what fictional tech do we want in our real lives. I'm going with the TARDIS from Doctor Who.Very good. Very good. My first pick is Capsules from Dragon Ball Z.I'm just going to take Jarvis from Iron Man. Oh, lost two already. Okay, just strategically, I think I need to grab the clueless closet.Surprised it took this long. I want kit. Okay, explain thr ...

新华财经北京6月25日电（陈冉） 近日，中国旅游集团酒店控股有限公司（以下简称"中旅酒店"）战略 投资雅阁酒店集团，时隔十年后再次启动大手笔资本运作，在酒店业界引起不小的震动。中旅酒店党委 书记、董事长凡东升接受新华财经专访时表示，中国酒店行业进入创新变革新周期，未来将涌现更多民 族品牌。 "中国酒店行业已经从学习跟随进入创新变革新周期，未来将涌现代表中国文化的民族酒店品牌。中旅 酒店作为酒店行业的国家队，在这个重要发展时期责无旁贷。"凡东升说。 中旅酒店是中国旅游集团的全资子公司，深耕中国高端酒店行业40余年。2015年8月，中旅酒店全资收 购英国第二大酒店管理公司Kew Green Hotels发行的全部股份，成功进军英国市场。2017年11月，中旅 酒店与洲际酒店集团达成战略合作，共同开展特许经营高端品牌"皇冠假日酒店及度假村Crowne Plaza Hotels & Resorts"和中端品牌"假日酒店Holiday Inn""假日度假酒店Holiday Inn Resort"，开创了在中国内 地由中资酒店集团特许经营并管理国际酒店集团高端及中端品牌的先例。 "来自澳大利亚的雅阁酒店集团，将与中旅酒店 ...

Investment Rating - The report positions the Home & Lifestyle Luxury sector in China as a transformative opportunity, indicating a positive investment outlook for this category. Core Insights - The evolution of luxury is shifting from status symbols to enhancing daily life, with consumers prioritizing comfort, aesthetics, and emotional connection over traditional craftsmanship and heritage [11][12][34]. - The pandemic has accelerated the desire for homes to become sanctuaries, leading to increased investment in home design and luxury furnishings [31][34]. - China's digital ecosystem provides a unique advantage for luxury brands to build awareness and reach consumers effectively, with over 50% of luxury transactions occurring online [76][77]. Summary by Sections Home Luxury: The Next Wave - The report highlights the transition of luxury consumption in China from logo-driven items to home and lifestyle luxury, reflecting a significant change in consumer values [19][27]. - Home Luxury is identified as the next natural evolution of luxury, driven by a more mature consumer base seeking emotional resonance and personal expression [11][35]. China's Home Luxury Landscape & Consumer Insights - The home décor market in China is projected to reach approximately US$20.23 billion in 2023, with a CAGR of 9.26% from 2023 to 2027 [32]. - Affluent consumers are increasingly prioritizing home aesthetics and quality of living, with over 70% indicating a shift from public display to private comfort [33]. - Categories such as luxury home fragrances and designer furniture are experiencing double-digit growth, confirming that Home Luxury is a fundamental change in wealth expression [34]. Emerging Consumer Trends - The report identifies five emerging consumer segments driving the luxury market: Elegant Homemakers, Urban Chic Aestheticians, Affluent Gen Z, Niche Collectors, and Luxury Enthusiasts [149][155]. - Younger consumers, particularly those aged 25-29, are investing in their first luxury home pieces, while high-net-worth families view home décor as part of asset allocation [92][96]. - The demand for premium home products is rising, with consumers willing to pay more for comfort and style, indicating a shift towards emotional and experiential luxury [102][142]. Moving Forward: Challenges & Solutions - The report acknowledges challenges such as logistics and perception shifts but emphasizes that aligning with consumer desires can overcome these barriers [13]. - It encourages brands to co-create and experiment within the Home Luxury space, inviting collaboration to drive the sector forward [14][66]. Conclusion - Home Luxury is positioned as a lasting trend, with significant growth potential as consumer preferences continue to evolve towards lifestyle-oriented luxury [5][12].

With more than 40 voyages to choose from, including sailings aboard the line's newest ship, Oceania Allura™, which joins the fleet in July, guests can fully immerse themselves in the holiday spirit in destinations all over the world, from island-hopping in the South Pacific and cruising around South Africa's spectacular coastline to experiencing a vibrant New Year's Eve in South America. Spending the holiday season aboard Oceania Cruises' small, luxurious ships offers the perfect escape for travelers seekin ...

Financial Data and Key Metrics Changes - The company recorded a gross booking value of $9.8 billion for the year, with a year-on-year growth rate of 25.9% in constant currency terms [6] - Adjusted operating profit reached an all-time high of $167.3 million, reflecting a year-on-year growth of 34.7% [6][25] - For Q4, gross booking value growth accelerated to 30.4% year-on-year in constant currency terms, while adjusted operating profit grew at a rate of 37.9% year-on-year [6][27] Business Line Data and Key Metrics Changes - The international air ticketing revenue grew by over 33% year-on-year, significantly outpacing industry growth [9] - The international hotels revenue grew by over 65% year-on-year, making it one of the fastest-growing segments [9] - The accommodation business, including hotels and packages, saw a gross booking value growth of 27.7% year-on-year in Q4 [11] Market Data and Key Metrics Changes - The international business now contributes 25% to overall revenue, up from 22% in the previous fiscal year [10] - Domestic departures crossed pre-pandemic levels, while international departures grew by 18.5% year-on-year [10] - The online penetration in international air ticketing is steadily increasing, aiding gross booking value growth [10] Company Strategy and Development Direction - The company is focused on enhancing user experience through generative AI, with features like trip planning chatbots and AI-driven support for booking changes [8][9] - The strategy includes expanding into underpenetrated international outbound markets and strengthening product propositions [9] - The company aims to maintain a marketing spend around 5% of gross booking value while investing in ancillary travel services and geographic expansion [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovering lost momentum following recent geopolitical disruptions, emphasizing collaboration with airline and hotel partners [22] - The company remains focused on driving growth in the twenties and does not foresee a slowdown in growth trajectory [39][40] - Management highlighted the importance of agility in responding to macroeconomic changes and maintaining a strong execution strategy [21][22] Other Important Information - The company has a capital allocation strategy focused on growth initiatives, exploring niche opportunities, and returning value to shareholders through buybacks [30] - The company has deployed approximately $21.7 million in its share repurchase program [31] Q&A Session Summary Question: On selling and marketing expenses - Management plans to maintain marketing expenses around 5% of gross booking value, focusing on driving growth rather than reducing spend [35][36] Question: Industry growth rate outlook - Management aims for growth in the twenties and believes the current trajectory will continue despite temporary challenges [39][40] Question: Competition from generative AI - Management is confident in leveraging their data and technology to stay ahead of potential competition in the AI space [42][44] Question: Competition in the Indian market - Management views the Indian travel market as underpenetrated and believes there is significant room for growth despite current competition [55][59] Question: Margin guidance and buyback strategy - Management aims to stabilize margins in the 1.8% to 2% range and will continue to be opportunistic with buybacks based on market conditions [70][74]

Company Overview - Honkarakenne Plc is a pioneer in log construction, focusing on developing wood construction with nearly EUR 10 million invested in production and technology over the past five years [1][4] - The company has delivered over 90,000 buildings in more than 50 countries, making it the world's best-selling log house brand and the largest Finnish export company in the industry [2][8] - Founded in 1958 and listed on Nasdaq Helsinki since 1987, Honkarakenne is recognized for its strong brand and ecological building solutions [6][9] Financial Performance - In 2024, the company's net sales reached EUR 36.7 million, with exports accounting for 29% of total sales [3][8] - The equity ratio at the end of 2024 was 59.7%, and net financial liabilities were EUR -0.5 million, indicating a stable financial position [7] Market Strategy - Honkarakenne is focusing on expanding its presence in international markets, particularly in Scandinavia, Central Europe, and Asia, with growth potential in new regions [3][4] - The company is emphasizing the B2B segment, targeting public construction projects and tourist destinations where the ecological benefits of wood construction are crucial [5] Product Development - Significant investments have been made in production technology, including a new lamella planer and a product line of non-settling CLT logs, to support a wider product portfolio [4] - Innovations in the 21st century include various new concepts and collections aimed at enhancing the quality and versatility of log construction [9]