????:1??????:?????????

2??????????7????

3??????????

4?????300?3??????

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

??|?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????????,????,???,????,?????,???????”??

??

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

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

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

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

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

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

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

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

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

?:??????????????????

??????????????????:??