Reported 8 months ago
As the summer vacation peak season approaches, companies like Lion Travel, Phoenix Tours, Shanfu Travel, Wufu Tours, and EasyFly are expected to see a surge in operations, potentially boosting stock prices along with the trend of Taiwanese travelers going abroad. Chain restaurants like Wang Steak, Dante Coffee, Tofu Village, and Han Lai Group are also anticipated to benefit from the graduation season and summer vacation, driving growth in summer revenue. The retaliatory consumption trend is positively impacting tourism and dining stocks, with 2023 revenue and profit benchmarks being raised this year. The focus will be on first-quarter and May performances. Lion Travel reported first-quarter revenue of 5.944 billion NT$, an 80.6% year-on-year increase, marking the highest for the same period in the past five years. With strong growth predictions for summer, companies are launching various travel products to capitalize on increasing travel demand during this peak period.
Source: YAHOO