高盛发布研报称,覆盖的中国旅游公司2024年第四季度业绩大多符合预期。国内收入增长重新加速,酒店每间可售房收入(RevPar)降幅收窄(5%,2024年第三季度为-9%),对比2023年同期基数较低;出境游持续稳健复苏,国际目的地增速达+27%,高于中国香港/中国澳门的+9%/+12%。该行更青睐受外部宏观环境影响较小的纯国内旅游企业,以及定价能力强、成本控制佳的企业。
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