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BackThe Lions earned one equity in the first three quarters, and ITF saw millions of hands
The Lions earned one equity in the first three quarters, and ITF saw millions of hands
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自由时报18 minutes agoBusiness2 min readChinaView original

The Lions earned one equity in the first three quarters, and ITF saw millions of hands

ITF travel show's first-day performance increased by 15% year-on-year, and long-day and in-depth itineraries were popular

lion travelfinancial reportITF Taipei International Travel Fair

Quick Look

  • Lion Travel Agency announced its third-quarter financial results, with earnings per share of 10.34 yuan.
  • Revenue in October reached 2.989 billion yuan, a new high for the same period in previous years.
  • On the first day of the ITF Travel Show, the performance increased by 15% year-on-year.

AI-generated summary

Why It Matters

Lion Travel Agency announced its financial data for the first three quarters of 2024 and revenue performance in October, and participated in the ITF Taipei International Travel Show.

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Lion Travel Agency (2731)'s third-quarter consolidated revenue was 8.199 billion yuan, an annual increase of 10.68% and a quarterly decrease of 1.59%. The after-tax net profit was 286 million yuan, and the after-tax earnings per share were 3.06 yuan. Cumulative revenue in the first three quarters was 24.66 billion yuan, an annual increase of 10.08%, net profit after tax was 964 million yuan, and after-tax earnings per share were 10.34 yuan.

Lion simultaneously announced its October revenue, with monthly revenue reaching 2.989 billion yuan, an increase of 2.73% over the same period last year. The cumulative revenue for the first ten months of this year was 27.649 billion yuan, an annual increase of 9.24%, a record high for a single month in October.

Lion performed well on the first day of the ITF Taiwan International Travel Show, growing 15% compared to the same period last year. Lion said that thanks to the 7-day Spring Festival holiday in 2027, with 2 days off and 11 days off, the on-site stalls were busy and many tourists came to inquire about Lunar New Year travel itineraries. The most popular destinations for sales today are Japan, Europe, and the United States and Canada. Among them, Japanese amusement park-type parent-child itineraries and Hokuriku winter snow play are the most popular and enquired. And today there are millions of users signing up for a 13-day trip to Eastern Europe, showing that long-day in-depth itineraries are a growth highlight.

Lion pointed out that tomorrow (7th) will usher in the first weekend of the travel show. Lion Travel continues to launch value-for-money groups for the travel show, including Seoul Lotte Travel for 4 days starting at NT$9,999, and ITF snap-up special selection of Singapore and Malaysia Blue Tears for 5 days for NT$15,999. The price of the pop-up Kyushu crab tasting starts at NT$24,888 for 4 days, and the classic sea, land and air Gold Coast price starts from NT$53,800 for 6 days; the site also offers a long-term discount of 5,000 yuan and a short-term discount of NT$3,000 during the Spring Festival. Designated parent-child itineraries can enjoy super discounts of up to NT$10,000.

Open Questions

  • Will travel demand continue to grow in the coming quarters?

Related Topics

lion travel
PeopleWang Yihong
Organizationslion travel agency
PlacesJapanEuropeUnited States and CanadaEastern Europe
Topicsfinancial reportITF Taipei International Travel Fairrevenuetourism
This article was originally published by 自由时报.

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