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Wing On Travel: >5 New Stores to Be Opened from 4Q24; Tour Group Biz Recovers to ~70% of Pre-COVID-19 Lv.
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Local travel agency Wing On Travel will open 4 more branches in Tuen Mun, Kwun Tong, Quarry Bay and Tseung Kwan O from 4Q24, according to Wing On Travel's announcement. In addition, one branch will be opened in New Territories North early next year, and the Company is expected to increase the number of branches to 10 in Hong Kong. The Company will continue to expand in the future, depending on the market situation, and the number of new stores will not be limited to 5, Lanny Leung, Director and CEO of Wing On Travel, said. The number of tourists received through tour groups remained limited due to the fact that the aviation capacity has not yet fully recovered, and the number of tourists received through tour groups has now returned to about 70% of the pre-COVID-19 level, Leung added. The independent travel business has returned to nearly the 2019 level, with the performance of the air ticket business being the most satisfactory. AAStocks Financial News |
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