The mainland has introduced 10 more measures to optimize epidemic prevention and control, including no longer checking nucleic acid results and health codes for cross-regional mobile workers, and general home isolation for asymptomatic and mild patients. UBS said in a report that demand for leisure and business travel in the mainland is expected to continue to recover as epidemic prevention measures continue to be optimized. As for border restrictions, the bank's basic assumption is that there will be a significant relaxation in the second quarter of next year.

UBS is still bullish on the mainland hotel, duty-free shop and airport industry, with a "buy" rating of 01880.HK, Shangri-La (Asia) (00069.HK) and Capital Airport (00694.HK), with target prices of 217.6 yuan, 6.6 yuan and 5.82 yuan, respectively.