China Galaxy Securities Research Report indicates that considering the increase in holiday days for this year's Spring Festival, it is expected that residents' long-distance travel demand is likely to be released. According to data released at the national Spring Festival transportation conference, the inter-regional mobility of people during the Spring Festival in 2025 will reach 8 billion person-times, a year-on-year increase of 7%, with a growth rate of +3.1 percentage points compared to National Day; CADAS predicts that during the Spring Festival, civil aviation is expected to achieve a daily passenger throughput of 4.676 million person-times, a year-on-year increase of 10.8%, with a growth rate generally maintaining the same level as during National Day. In addition, the National Immigration Administration has recently comprehensively relaxed and optimized the visa-free transit policy, extending the stay time for visa-free foreign transit passengers in the country to 240 hours. The increase in inbound travelers is expected to bring incremental growth to the domestic tourism market, recommending TRIP.COM-S, TONGCHENGTRAVEL, and Wuhan Sante Cableway Group.