旅游旺季+亚冬会赛事催化不断 冰雪经济

Summary of the Conference Call on the Ice and Snow Industry Industry Overview - The discussion revolves around the ice and snow industry in China, highlighting its rapid growth and potential due to upcoming major events like the 2025 Asian Winter Games and the 2028 National Winter Games [1][2]. Key Points and Arguments - The ice and snow industry was valued at approximately 270 billion yuan in 2015 and is projected to reach 970 billion yuan in 2023, with expectations to exceed 1 trillion yuan by 2025, indicating a robust growth trajectory [2]. - The hosting of large-scale ice and snow events is expected to drive further development, necessitating high-quality infrastructure, including sports venues, transportation, and accommodation [2][3]. - The popularity of ice and snow sports has surged, particularly following the Winter Olympics, which has increased public interest and participation [4][3]. Challenges and Shortcomings - Despite growth, the industry faces significant challenges, including: - Inadequate transportation options to remote ski resorts, which increases travel costs and limits market reach [5]. - Insufficient infrastructure, such as limited accommodation and dining facilities in less accessible areas [5]. - A shortage of qualified professionals, including coaches and maintenance staff, which could hinder industry development [6]. - Regulatory and safety standards are still evolving, which may pose limitations [6]. Market Dynamics - The ice and snow tourism index has seen a significant increase, rising nearly 60% since mid-September, reflecting a broader recovery in the capital market [8]. - The industry is expected to continue growing, with a projected increase in leisure tourism trips to over 3.8 billion, potentially surpassing 5 billion in the coming year [13]. - The previous snow season saw a 38% increase in participants and a 50% rise in revenue, with online tourism companies reporting a doubling of ice and snow tourism consumption compared to the 2019-2020 season [12]. Investment Opportunities - The ice and snow economy is seen as a vital component for driving domestic demand and economic growth, with significant potential for investment in related sectors such as tourism, equipment, and training [15]. - Companies involved in ice and snow tourism are highlighted as having the highest correlation to the industry's growth, suggesting a focus on tourism-centric businesses for investment [11]. Conclusion - The ice and snow industry in China is at a pivotal stage, with substantial growth potential driven by increasing consumer interest and government support. However, addressing infrastructure and professional training challenges will be crucial for sustainable development [16].