Citi Report: Consistent Travel in China During New Year Holiday; Cross-Border Travel Data Indicates Robust Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: aastocks
Tourism Statistics: During the 2026 New Year holiday, domestic tourism in China reached 142 million visitors and generated RMB84.79 billion in revenue, showing a CAGR of 2.6% and 3.1% compared to 2024.
Spending Trends: The average spending per person decreased by 1% to RMB597 compared to 2024, indicating a slight decline in individual expenditure.
Cross-Border Travel Performance: While domestic travel remained stable, cross-border travel showed strong growth, suggesting a shift in travel preferences.
Future Expectations: Citi Research anticipates a more significant performance during the upcoming Spring Festival, which will last nine days, and maintains a Buy rating for TRIP.COM-S and TONGCHENGTRAVEL stocks.
Analyst Views on 00780
Wall Street analysts forecast 00780 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00780 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.720
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Current: 22.720
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
