The half-year reporting season ends，Major travel agencies、Scenic Area、OTA’s financial reports for the second quarter or first half of 2018 have been released one after another。Judging from publicly released data，The domestic 188bet mobile login industry continues to be booming in the first half of 2018，Performance differentiation in subdivided areas is becoming increasingly obvious。Among them，The duty-free sector performs best，The hotel industry continues to recover，Leisure and vacation 188bet mobile login continues to rise，However, the performance of traditional natural scenic spots has been mediocre due to the gradual advancement of ticket price reduction policies。

Four major statutory holidays stir up the 188bet mobile login market, and the industry continues to be booming

From the perspective of the national 188bet mobile login market in the first half of 2018，New Year’s Day、Spring Festival、Qingming、The four major statutory holidays on May 1st have played a positive role in promoting。

Data released by the Ministry of Culture and 188bet mobile login，New Year’s Day period，Receiving tourists from all over the country 1.3.3 billion visitors，Realized 188bet mobile login revenue of 74.4 billion yuan，Both achieved double-digit growth year-on-year；During the Spring Festival holiday，Receiving tourists from all over the country 3.8.6 billion people，Realized 188bet mobile login revenue of 475 billion yuan，12% and 13% year-on-year growth respectively；During the Qingming Festival，Receiving tourists from all over the country 1.0.1 billion people，Realized 188bet mobile login revenue of 42.1 billion yuan，YoY growth of 8% and 8% respectively；During the May Day holiday，Receiving tourists from all over the country 1.4.7 billion people，Realized 188bet mobile login revenue of 871.600 million yuan，YoY growth of 9% and 10% respectively。

Number of tourists on statutory holidays in my country in the first half of 2018、188bet mobile login revenue (data source: Ministry of Culture and 188bet mobile login)

Overall view，Residents are more enthusiastic about traveling during legal holidays 188bet mobile login half of the year，The industry can maintain high growth。

The 188bet mobile login segment performs well and China International Travel Service achieves high growth

As the 188bet mobile login industry continues to be booming，The differentiation in subdivisions is becoming increasingly obvious，Among them，The duty-free section performs best。According to data from Wind and Dongguan Securities Research Institute，In the first quarter of this year, the tax-free segment revenue reached 88.4.9 billion yuan，YoY growth of 53.07%，Net profit attributable to shareholders of the parent company11.600 million yuan，61 year-on-year increase.48%，Far exceeding the performance of other sectors。

Performance of various segments of the 188bet mobile login industry in the first quarter of 2018 (data source: Wind，Dongguan Securities Research Institute)

China International Travel Service takes advantage of tax-free business，Performance for the full year of 2017 and the first quarter of 2018 exceeded expectations，Continued to rise in the second quarter。According to the 2018 Interim Report released by China International Travel Service，During the reporting period，China International Travel Service achieved total operating income of 201.8.5 billion 188bet mobile login，An increase of 67 compared with the same period last year.77%；Achieve operating profit 30.5.1 billion 188bet mobile login，An increase of 59 compared with the same period.81%；Achieve net profit attributable to shareholders of listed companies19.1.9 billion 188bet mobile login，An increase of 47 compared with the same period.58%。

Report Display，The high growth of CITS revenue is mainly due to the contribution of duty-free business。During the reporting period, the company’s duty-free commodity sales business achieved operating income of 149.4.7 billion 188bet mobile login，126 year-on-year increase.31%，Among them, Sanya Haitang Bay Duty-free Shopping Center achieved tax-free business income of 40% during the reporting period.3.2 billion 188bet mobile login，Brings an increase in tax-free business income of 8.9.8 billion 188bet mobile login；Capital Airport Duty-Free Shop (including T2 and T3 terminals) achieved duty-free business income of 39 during the reporting period.7.3 billion 188bet mobile login，Brings an increase in tax-free business income of 26.1.1 billion 188bet mobile login；Increase duty-free business income through the acquisition of Rishang Duty Free (Shanghai) Co., Ltd. 38.3.4 billion 188bet mobile login；The duty-free shop at Hong Kong Airport that opened in November 2017 achieved duty-free business income during the reporting period9.5.2 billion 188bet mobile login。

As the only listed stock in the tax-free section，It is also the leader in my country’s 188bet mobile login industry，China International Travel Service has vigorously expanded its 188bet mobile login territory since 2017，Actively promote 188bet mobile login business on outlying islands。In March 2017, China National Travel Service subsidiary China Duty Free Group took over Sunrise Duty Free China，Acquired Beijing Capital International Airport、Shanghai Hongqiao and Pudong International Airport、Guangzhou Baiyun Airport、Macau International Airport、Operation rights to 188bet mobile login at Hong Kong International Airport and many other airports，And step up overseas layout，It is reported that China Duty Free Group has set up shop in Angkor, Cambodia、Sihanoukville Port、Open 188bet mobile login shops in Phnom Penh and other places。In addition，China Duty Free Group is also a strong competitor as the new duty free operator of Beijing Capital Airport。

At the same time，Under the policy tilt，Sanya’s outlying islands have vast space for 188bet mobile login development。April 2018，The issuance of the "Guiding Opinions on Supporting Hainan's Comprehensive Deepening of Reform and Opening Up" (hereinafter referred to as the "Opinions") issued by the State Council is expected to increase the number of shoppers, as well as consumer convenience and per capita consumption，Promote the growth of 188bet mobile login sales in Sanya’s outlying islands。

According to Dongguan Securities analysis，With the continuous expansion of the company’s tax-free territory，The company’s bargaining power for upstream procurement will be significantly improved，The gross profit margin of 188bet mobile login business is expected to increase。

The performance of natural tourist attractions is mediocre，Reduced ticket prices force 188bet mobile login to transform

Under the comprehensive promotion of global 188bet mobile login and the continued rapid growth of domestic tourists，The consumption structure of tourists in my country’s 188bet mobile login market areas has changed significantly，Showing the development trend of individual customers。

Displayed in the "China 188bet mobile login Attractions Development Report (2016)" released by the China 188bet mobile login Academy，Independent tourists account for 75% of the total number of tourists in the scenic spot。Take Songcheng Performing Arts as an example，2018 mid-year report，Songcheng Performing Arts achieved independent online ticket sales of 400 million yuan in 2017，Aware that the proportion of individual tourists in scenic spots has increased，The company has also begun to strengthen independent marketing，Implementing the strategy of “catching individual customers”，Pay attention to the unity of reunion。

The trend of individual travel stimulates the formation of diversified 188bet mobile login formats，Includes surrounding tours、Family-child tour、Self-driving tour, etc.。Individualization、This trend reflects tourists’ growing demand for customized travel content and leisure vacations，This kind of demand and traditional group tour、Sightseeing tours and other casual 188bet mobile login forms are completely different，To content、Recreational scenic spots with rich activities are a big plus。

Compared to other sections，The overall performance of the natural scenic area sector is mediocre。According to data from Wind and Dongguan Securities Research Institute，Natural scenic spot revenue in the first quarter of 2018 22.300 million yuan，YoY growth of 6.48%，Net profit attributable to parent company 0.9.3 billion yuan，Decreased by 22% year-on-year.61%，Deduction of non-net profit 0.3.4 billion yuan，Down 53 year-on-year.59%。Based on the financial report data provided by Flush iFind，Second Quarter，The reporter counted 12 188bet mobile login companies listed on the A-share market，12 scenic spot companies achieved a total revenue of 43.1.5 billion yuan，10 year-on-year increase.99%，Net profit 6.800 million yuan，37% year-on-year increase，The average net profit increase of tourist attractions is 15.76%，The number for the same period in 2017 was 12.37%。

The number of tourists received is one of the important indicators that directly reflects the operating performance of the scenic spot。The reporter found in the data of tourist reception in the natural scenic area in the first half of the year，Huangshan 188bet mobile login、Guilin 188bet mobile login、Zhangjiajie and others have experienced varying degrees of decline。Among them，First half of the year，253 people purchased tickets for various scenic spots in Zhangjiajie.520,000 people，Decreased by 8 year-on-year.55%；Guilin 188bet mobile login Reception Tourists 416.880,000 people，4 year-on-year decrease.54%；Huangshan 188bet mobile login received 148 tourists in total.140,000 people，Decreased by 9 year-on-year.91%。In fact，Huangshan 188bet mobile login has received more than 3 million visitors since 2012，The growth rate is declining year by year。Although some corporate financial reports pointed out that the decline in tourist numbers during the reporting period is related to the off-peak seasons of scenic spots，But it is undeniable，The decline in the number of tourists in these well-known scenic spots，Reflects the problem of reduced attraction of scenic spots to tourists。

March，The government work report of the two sessions emphasized the need to reduce ticket prices for key state-owned scenic spots，This will have a greater impact on natural sightseeing state-owned scenic spots that have long relied on the ticket economy。Reducing ticket prices has become a trend，The model of natural tourist attractions relying solely on natural resources to attract tourists and collect tickets will be unsustainable，Forcing scenic spots to transform into leisure and vacation 188bet mobile login driven by diversified businesses。

Actually，Some natural scenic spots have begun to try to transform。According to industry experts，Past two years，Huangshan、Jiuhua Mountain、Taierzhuang Ancient City and other 5A-level scenic spots are gradually implementing a free ticket policy，As the first batch of positive responders under the ticket reduction policy，These scenic spots will have a greater initial effect；Qingdao Laoshan、Pingyao Ancient City and other scenic spots implement the "one-vote system" price reform，It also stipulates that scenic spot tickets are valid within a few days，Bringing popularity to local accommodation、Sales of catering and local specialty products。To this，Experts think，Attract tourists with low fees，Cultivation of distinctive 188bet mobile login culture and high value-added 188bet mobile login service formats，Lengthen the 188bet mobile login industry chain，Promote the development of 188bet mobile login economy around scenic spots from various aspects including food, accommodation, travel, entertainment and shopping，is a scenic spot development model worth promoting。

*Source of this article: People's Daily Online，Author: Li Yi，Original title: "Listed travel companies reveal half-year report card: The industry continues to be boomingRemarkable performance in 188bet mobile login segment》.