Hongkongers flocking to Zhuhai for Easter

Hotel bookings in Zhuhai have soared for the upcoming Easter holiday, with over half of them coming from Hongkongers, said China Travel International Investment Hong Kong (0308).

The company swung to a net profit of HK$239.5 million last year on the border reopening and resumed a final dividend of 1 HK cent.

This compared to a HK$356 million loss in 2022.

The total dividend payout stood at 2.5 HK cents, bringing a payout ratio of 57.7 percent.

Revenue advanced 48.2 percent to HK$4.49 billion, with a gross profit margin of 33.7 percent.

Total revenue from tourist attractions and related operations between January and February has already exceeded the pre-pandemic level, chairman Wu Qiang said.

Its share rose against the market by 1.56 percent to HK$1.3 yesterday.