The Zhitong Finance App learned that Haidilao (06862) rose by more than 4% and rose 4.15% at press time to HK$17.58, with a turnover of HK$117 million.

According to the news, the “May 1st” holiday is approaching, the domestic market has ushered in a peak in travel reservations, and food and beverage consumption is also expected to rise dramatically. We learned from Haidilao that as of April 25, Haidilao had received about 60,000 holiday meal reservations. Currently, this number is still growing rapidly. Among them, the number of reservations in the sinking market has increased significantly, showing vigorous consumption vitality.

China Merchants Securities pointed out that in the future, hotel restaurants are expected to continue to be strong as the May Day holiday approaches. Shanghai Securities said that, driven by the holidays, demand for food and beverage consumption is expected to be released sharply, which has played an important supporting role in boosting consumer confidence throughout the year. The franchise and cooperation model is expected to accelerate brand expansion and regional penetration, and reduce operating risks under the self-operated model. Leading restaurant companies are expected to take advantage of the momentum to speed up the layout and opening of stores, once again ushering in development dividends.