Whether it's by train or by car, hundreds of millions of people are traveling around mainland China for a holiday called Golden Week.
From the Mid-Autumn Festival on Friday, Sept. 29, to the following Friday, the break runs for an entire week to celebrate China's National Day.
Morgan Stanley analysts like Hong Kong-listed CTG Duty Free , China's state-owned duty-free retail giant.
Within China, domestic hotel room rates are still above 2019 levels, Morgan Stanley analysts said.
On the macro front, if tourism pans out as expected this Golden Week, it will give a much-needed lift to China's the economy overall.
Persons:
Morgan Stanley, They're, Oliver Wyman, Oliver Wyman's, BlackPink, Atour, — CNBC's Michael Bloom
Organizations:
Bank of America, Hong, Golden, MGM China, Wynn Macau
Locations:
China, Hong Kong, Hainan, Macau, U.S