Galaxy Securities: Increased holiday days + relaxed visa-free entry, focus on OTA and scenic spot sectors during the Spring Festival peak season
China Galaxy Securities research report indicates that considering the increase in the number of days for this year's Spring Festival holiday, it is expected that residents' long-distance travel demand will be released. According to data released at the national Spring Festival travel conference, the total inter-regional population flow during the 2025 Spring Festival travel period is expected to reach 8 billion person-times, a year-on-year increase of 7%, with a growth rate 3.1 percentage points higher than that of the National Day holiday; CADAS predicts that during the Spring Festival travel period, civil aviation is expected to achieve an average daily passenger throughput of 4.676 million person-times, a year-on-year increase of 10.8%, with the growth rate basically remaining flat compared to the National Day period. In addition, the recent comprehensive relaxation and optimization of the transit visa exemption policy by the National Immigration Administration will extend the stay of transit visa-exempt foreigners in the country to 240 hours, and the increase in inbound travelers is expected to bring incremental growth to the domestic travel market, recommending Trip.com Group-S, TONGCHENGTRAVEL, and Sante
