?|???2024?:?????,????????????????????

2024???????????????,??????????????,???

??(WTTC)??,2024??2019????????11%,????????2024???????????????????,??,?????????????,??????????????????????????,????????????,??????????

??????,“?????????+”??

?,2024???????????????????,2023???,????????2019??????,??????3.7????????,????????????????????????????,?????????????????????????,?????????????,????2024???????????“??????????????????”,?????????????????????“??????”“?????????”“??”????????????????,??

????????????????????????,???2024?????????????,?23%????????????????????????,??????????????????????????????????????????????????????????????,???3????????????,??70%????90????00??????????,8???????3A???????????????????

?????????,???????????????????????????,???????????“?????????????????+”??????,????????????

??,2024?,????414%,???????????????95???????????????????7????,?????????????,?????????????????,??“????????”??????????????,?????????????????????193%?

???????46?

????????????????«2024???????»??????????,2024?????????????46??????????????????????????,??3:7,?????,???????2030?3000?,????????15%?

“?????????,????????????,??,???”?????????????,?????????????,“??,???????????????”

???????????????«2024??»??????,2024????80%,?30%???????????????????,??,???????????????“????????????????????”?????????????????????????????????????2024??????????7?????

????“????”??????,2024??,90??????????????????00??,???????00?????2????????????????????????,??????????????“??”,05????5????????

?????????????????????,????????,2024?????0.7?,?????????????3.6??????????????

????????????,???????????,???????????????????,?????????????????????????“?????”???,?????????????????,??1000???????????,???

?????,??????????12???????????????,????????36.81%,??????????23%,???????

??2024????????????????,????????????????????50??????????,???????????????????????,2024???????????????,??????2023??????????22%,??????????????????????????????,31%??2019??2????????????????,????,???????????????????

???????????????+???????????????????????,???????????????10%,?????3???????????????????????????20%?

“???????????????????,?????????????2025??????????????????????,?????????????,??????,??,????????????,?????????????????”????????????????

????????

???????????????????????,??????,????????????

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??,????????“???????”??????,2024??????????

2024??????,???,???240?????????????????,??????????“China Travel”????????????????????????????,???????

2024??????,??????????????1??????????,?54???????????189%?????????????????????????????????????????????????????????????????????????????????????????????TOP10??,??????????????????????????????????????????????????????????????????,2024????????,????4????1????????????????????????????,???

????????????????????????,???????????????????????,?TOP20?,????17?????????????????????????,???????????????????????????????????????????????????TOP5???

?,?????????????????,?????OCC(?????)?ADR(??)?,?,???

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???????????????,2024??“???????”,?????????,???????????,??????????????????????????????,?????????????,?1????????????????????,2025??,????????,??,????????????????(????)

????:??

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3?????????

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5?????????????

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2024???????????????,??????????????,???

??(WTTC)??,2024??2019????????11%,????????2024???????????????????,??,?????????????,??????????????????????????,????????????,??????????

??????,“?????????+”??

?,2024???????????????????,2023???,????????2019??????,??????3.7????????,????????????????????????????,?????????????????????????,?????????????,????2024???????????“??????????????????”,?????????????????????“??????”“?????????”“??”????????????????,??

????????????????????????,???2024?????????????,?23%????????????????????????,??????????????????????????????????????????????????????????????,???3????????????,??70%????90????00??????????,8???????3A???????????????????

?????????,???????????????????????????,???????????“?????????????????+”??????,????????????

??,2024?,????414%,???????????????95???????????????????7????,?????????????,?????????????????,??“????????”??????????????,?????????????????????193%?

???????46?

????????????????«2024???????»??????????,2024?????????????46??????????????????????????,??3:7,?????,???????2030?3000?,????????15%?

“?????????,????????????,??,???”?????????????,?????????????,“??,???????????????”

???????????????«2024??»??????,2024????80%,?30%???????????????????,??,???????????????“????????????????????”?????????????????????????????????????2024??????????7?????

????“????”??????,2024??,90??????????????????00??,???????00?????2????????????????????????,??????????????“??”,05????5????????

?????????????????????,????????,2024?????0.7?,?????????????3.6??????????????

????????????,???????????,???????????????????,?????????????????????????“?????”???,?????????????????,??1000???????????,???

?????,??????????12???????????????,????????36.81%,??????????23%,???????

??2024????????????????,????????????????????50??????????,???????????????????????,2024???????????????,??????2023??????????22%,??????????????????????????????,31%??2019??2????????????????,????,???????????????????

???????????????+???????????????????????,???????????????10%,?????3???????????????????????????20%?

“???????????????????,?????????????2025??????????????????????,?????????????,??????,??,????????????,?????????????????”????????????????

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2024??????,???,???240?????????????????,??????????“China Travel”????????????????????????????,???????

2024??????,??????????????1??????????,?54???????????189%?????????????????????????????????????????????????????????????????????????????????????????????TOP10??,??????????????????????????????????????????????????????????????????,2024????????,????4????1????????????????????????????,???

????????????????????????,???????????????????????,?TOP20?,????17?????????????????????????,???????????????????????????????????????????????????TOP5???

?,?????????????????,?????OCC(?????)?ADR(??)?,?,???

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???????????????,2024??“???????”,?????????,???????????,??????????????????????????????,?????????????,?1????????????????????,2025??,????????,??,????????????????(????)

????:??

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