The A-share ice and snow economy concept strengthened in the afternoon, with Snowman Group hitting the daily limit, Jingxue Insulation rising over 7%, and CBMT, Tianfu Culture Tourism, Sunasia, and Bingshan among the top gainers

Guosheng Securities: The popularity of ice and snow tourism is rising, and the Spring and Autumn Festival holidays are expected to boost off-season travel

Guosheng Securities released a research report indicating that the popularity of ice and snow tourism has significantly increased, and related concept stocks have started to rise. According to Meituan Travel data, since mid-October, the search volume for outdoor ski resorts has increased by nearly 900% year-on-year. With the upcoming spring and autumn holidays, various scenic spots are launching promotional measures, which are expected to boost off-season travel performance. Supported by policies, the scale of the ice and snow economy is expected to reach 1.5 trillion yuan by 2030

The ice and snow industry sector rebounds, Sunasia hits the limit up

The ice and snow industry sector rebounded, with Sunasia hitting the limit up, Jingxue Insulation rising over 9%, and CBMT, Iceberg Cold and Heat, and Lijiang Co. following suit

The tourism and hotel sector surged in the afternoon, with CBMT hitting the limit up

The tourism and hotel sector surged in the afternoon, with CBMT hitting the daily limit, Sunasia previously locked, Tianfu Culture Tourism, XIZANG TOURISM, and Jinjiang Hotels following suit

CATHAY PAC AIR: Double growth in tourism numbers and consumption during the National Day holiday, duty-free shopping continues to heat up

CATHAY PAC AIR and Haitong Securities released a research report stating that during the National Day holiday in 2025, the number of domestic tourists and consumption will significantly increase, with the number of travelers reaching 888 million, a year-on-year increase of 16.1%; total spending will be 809.019 billion yuan, a year-on-year increase of 15.4%. Duty-free shopping continues to be popular, with duty-free sales in Hainan's offshore islands reaching 944 million yuan, with 122,900 shoppers and an average shopping amount of 7,685 yuan per person. Domestic scenic spots performed well, with both the quantity and quality of visitors improving