BEIJING, Feb.19 (Xinhua) -- Chinese listed tourism companies are mulling “recovery” plans for the whole year as their business confronted a downside caused by the COVID-19 epidemic.
Although voicing Q1 performance could be negatively impacted, many firms have come up with schemes to better prepare for market bounce-back after the epidemic is over.
Anhui Jiuhuashan Tourism Development Co.,Ltd. (603199.SH), for example, said work plans for boosting revenue while cutting expenditure are being made and implemented together with subsidiaries, and that market expansion scheme is also being formulated.
The company is strengthening efforts in areas such as equipment and facility maintenance to ensure better resuming of production and operation, it said.
Yunnan Tourism Co.,Ltd. (002059.SZ) announced that it will prepare ahead for the summer vocation as well as other key work in the second half this year to boost whole year performance. The company's design, construction as well as open of various theme parks would be on schedule, and traditional scenic spots would be transformed and upgraded with more consumptions scenarios to prepare for rising demand later in the year.
Songcheng Performance Development Co.,ltd. (300144.SZ) said it expects an surge in tourists after the epidemic, adding that its Hangzhou Songcheng Park would make a brand new debut and a few new projects would be launched as planned.
China's provinces, regions and municipalities are rolling out policies for epidemic-hit sectors such as tourism. More than 20 local governments have released measures such as reduction or exemption of state-owned house rents, postponement of social security payment deadlines, postponement of utility bills, financial subsidies or interest subsidies, among others, according to research report by New Times Securities. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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