Huaxi Securities believes that the number and income of domestic travelers on May 1st have already surpassed those before the epidemic, and consumer promotion policies are also expected to increase. They are optimistic about the recovery of the consumer travel market throughout the year. It is recommended to focus on two main lines of investment: 1) As residents' consumption capacity and consumer confidence continue to increase, service consumption has recovered highly elastic. Beneficial sectors and targets include hotels (Huazhu Group, Jinjiang Hotels, First Trip Hotels), scenic spots (Qujiang Cultural Tourism, Huangshan Tourism, Songcheng Entertainment, Tianmu Lake, China Youth Travel), duty-free (China Central Exemption, Wangfujing), catering (Tongqing Tower, Jiumaojiu, Helens, Haidilao, Naixue's tea, Xiabuxiabu), and gold jewelry (Chao Hongji, Chao Hongji) (Dasheng, Lao Fengxiang, Zhou Dafu), etc.; 2) RCEP+ Belt and Road brings development dividends, focusing on small industry segments Leading, benefiting sectors and targets include exhibitions (Mio Exhibition, Lan Sheng Co., Ltd.), cross-border e-commerce (Jihong Co., Ltd., Commodity City, Huakai Yibai), etc.