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Stock impact report

China's tourists cut back foreign travel over 'Golden Week', choose patriotic destinations at home [Reuters]

CTRIP.COM INTL (CTRP) 
Last ctrip.com intl earnings: 9/9 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ctrip.com
Company Research Source: Reuters
China's tourists cut back foreign travel over 'Golden Week', choose patriotic destinations at home - Reuters 3 Min Read BEIJING, Oct 8 (Reuters) - Chinese mainland tourists cut back on trips and spending abroad during the long “Golden Week” holidays in early October, with a weaker yuan, political turmoil in Hong Kong and global tensions dampening their enthusiasm to travel too far from home. But “patriotic” tourism to local historic sites boomed on the 70th anniversary of the People’s Republic of China. The annual holiday to mark the modern nation’s founding, during which hundreds of millions of people travel, began on National Day on Oct. 1 and ended on Monday this year. According to a report from Alibaba, which owns travel app Fliggy, hotel bookings in 10 classic destinations that had witnessed key moments in the history of the ruling Communist Party rose by an average of 300% year-on-year over Oct. 1-3. Domestic tourism revenue grew 8.47% year-on-year over the break, slipping from Show less Read more
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