[Data Map]

On August 31, the tourism hotel sector fell in shock. According to Choice data, the tourism hotel index (BK0485) closed 1.12% lower at 14716 points, with a total turnover of 5.579 billion yuan, which was larger than the previous trading day.

In terms of hotel stocks, Shoulv Hotel (SH: 600258) closed 2.42% lower at 17.37 yuan/share; Jinling Hotel (SH: 601007) closed 0.57% lower at 8.78 yuan/share; Jinjiang Hotel (SH: 600754) closed 0.34% higher at 38.53 yuan/share.

In terms of tourism stocks, Sanxiang Impression (SZ: 000863) fell more than 5%, Jinlv B Share (SH: 900929), Oriental Garden (SZ: 002310) fell more than 4%, OCT A (SZ: 000069), Dalian Shengya (SH: 600593) fell more than 3%.

In terms of capital, Choice data shows that the net outflow of main funds in the tourism hotel sector is 154 million yuan, of which the net outflow of main funds in China Exemption, First Travel Hotel, Zhongxin Tourism, Golden Horse Amusement and Huangshan Tourism ranks first.

In the morning trading today, after opening low, the tourism hotel index plunged rapidly, with a decline of 1.48%. Subsequently, it stabilized and rebounded, and the decline narrowed to 0.39% for a time, but since then it has fluctuated all the way down. Within the plate, the concept of scenic spot, tourism retail and travel agency are all in decline, with the largest decline. In sharp contrast, the hotel concept is active, with Huatian Hotel rising by more than 3% and Junting Hotel rising by more than 1%.

The data in the 2023 interim report shows that the performance of Junting Hotel has been rapidly restored, with the net profit attributable to the parent company increasing by 36% year on year, and the Q2 business data has hit a record high, ushering in the rise of both quantity and price; The performance of Huatian Hotel improved significantly month on month, and the loss scale of Q2 net profit attributable to the parent company narrowed by 29.59% month on month.

The latest research report of Huafu Securities pointed out that the hotel industry is in the rising cycle of rapid recovery of demand. In the short term, focus on the driving force of travel demand for the Hangzhou Asian Games and summer/graduation seasons from August to September, as well as the continuous release of travel demand at home and abroad on a year-on-year basis; In the medium and long term, with the continuous promotion of high-end hotel demand, it is easier for leading hotel enterprises to meet the demand for continuous upgrading.