By Tracy QuChinese travel stocks traded higher on Monday after government data showed robust domestic travel during the week-long Lunar New Year break. In Hong Kong, Tongcheng Travel Holdings added 1.8% and Trip.com was 0.2% higher. The mainland exchanges reopened Monday after a week-long break for the Lunar New Year break. There were about 6.83 million tourist trips, including 3.6 million outbound and 3.23 million inbound, according to the data. In a note, Citi analysts said travel companies in the first quarter will likely see a solid on-year growth in online travel revenue due to the Lunar New Year travel demand coupled with last year's low base.

Source: Wall Street Journal February 19, 2024 04:39 UTC