Gelonghui, April 8 | CICC published a research report that according to data from the Ministry of Culture and Tourism, the number of domestic travelers within 3 days of the Qingming Festival holiday was 119 million, an increase of 11.5% over the same period in 2019. Domestic tourists spent 53.95 billion yuan on travel expenses, an increase of 12.7% over the same period in 2019. The recovery in tourism revenue reached a new high, and per capita spending exceeded the same period in 2019 for the first time, reflecting the resilience of domestic travel consumption demand. CICC pointed out that industry data showed that the leading OTA platform Ctrip and Tongcheng app users performed well. On the eve of Qingming, the number of daily active users of Ctrip and Tongcheng increased by 32% and 145%, respectively, compared to the same period in 2019, maintaining related companies' profit forecasts. The target prices of Ctrip and Tongcheng were HK$451.2 and HK$21.5 respectively, all rated as “outperforming the industry”.