China's domestic tourism is on track to bounce back from pandemic lows, says Fitch Ratings [MSNBC.com]
Tuniu Corporation - American Depositary Shares (TOUR)
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Source: MSNBC.com
Since the mainland's biggest lockdown in Shanghai ended in late May, the increase in holiday bookings has indicated that tourism spending would be recovering in the second half of the year, Fitch Ratings said.This buoyancy comes after tourism revenue and numbers in China hit a trough in the first half of 2022 and fell by nearly half compared to the same period in 2019 before the pandemic struck, Fitch added."China's relaxed Covid-19 pandemic-related travel restrictions and more targeted pandemic control measures have fueled a rise in tourism demand, despite ongoing scattered outbreaks," China-based Fitch Ratings analysts Flora Zhu and Jenny Huang said in a note late last week."A slow recovery in the tourism sector has put a drag on the economy given its large contribution, accounting for around 11% of GDP and 10% of national employment in 2019."Tourists walk under the full bloomed cherry blossom trees at Jimingsi Road on March 22, 2016 in Nanjing, Jiangsu Province of China.VCGAfter a
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News
- While public companies own 24% of Tuniu Corporation (NASDAQ:TOUR), private companies are its largest shareholders with 30% ownership [Yahoo! Finance]Yahoo! Finance
- Tuniu Co. (NASDAQ: TOUR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- UniUni closes US$50 Million Series C round led by DCM; funds aimed at U.S. expansionPR Newswire
- Tuniu Co. (NASDAQ: TOUR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Tuniu Co. (NASDAQ: TOUR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
TOUR
Sec Filings
- 4/11/24 - Form SC
- 3/13/24 - Form 6-K
- 2/29/24 - Form 6-K
- TOUR's page on the SEC website