The National Immigration Administration has announced that from July 30, 2024, foreign tourist groups from Hong Kong, Macau and other regions will be eligible for a 144-hour visa-free transit in Hainan. Data from Ctrip's foreign platform shows that inbound tourism orders to Hainan Province have increased by 84% year-on-year since the beginning of this year, among which hotel bookings and flight bookings have both increased by nearly 80%.
The National Immigration Administration has announced that from July 30, 2024, foreign tourist groups from Hong Kong, Macau and other regions will be eligible for a 144-hour visa-free transit in Hainan. The policy is the latest measure by the National Immigration Administration to further support the comprehensive deepening of Hainan's high-level opening up, the construction of Hainan Free Trade Port, and is of great significance in promoting Hainan to become a higher-level open, better business environment, stronger radiation effect and more open new highland.
Data from Ctrip's foreign platform shows that inbound tourism orders to Hainan Province have increased by 84% year-on-year since the beginning of this year, among which hotel bookings and flight bookings have both increased by nearly 80%. According to Citic Securities' research report, as the construction of the free trade port continues to deepen, tourism infrastructure, business environment, trade activity, international image, service quality and other aspects will continue to be optimized, which will help to turn Hainan into an international tourism consumption center, and the big logic of consumer return is still expected to continue to be fulfilled.
According to the Financial Data Center, among related listed companies:
The business of the Hainan Expressway tourism and consumption sector includes the Golden Silver Island chain hotel services, tourism group and charter business, etc. In addition, the company is the second largest shareholder of Hainan Haiqi Transportation Group, which plans to acquire Hailv Duty Free.
Hainan Haiqi Transportation Group plans to acquire 100% equity of Hainan Lvyou Duty Free Co., Ltd, whose main business is duty-free retail trade. After the completion of this transaction, the company's main business will transform from traditional passenger transportation to comprehensive tourism business, achieving a leapfrog development in tourism transportation and tourism commerce.