Event overview
On January 20, 2022, the State Council issued the "14th five year plan" for tourism development. The plan proposes that 1) by 2025, the development level of tourism will be continuously improved, the modern tourism system will be more perfect, the effective supply, high-quality supply and flexible supply of tourism will be more abundant, and the consumption demand of mass tourism will be better met. The foundation of epidemic prevention and control is stronger, and the requirements of scientific and accurate prevention and control are fully implemented in the tourism industry. China's tourism is booming, inbound and outbound tourism is advancing in an orderly manner, the international influence and competitiveness of tourism are significantly enhanced, and significant progress has been made in the construction of a tourism power; 2) Timely study and judge the situation of covid-19 pneumonia epidemic prevention and control outside China, scientifically adjust the management measures for relevant personnel to come to China, and actively build a healthy, safe and orderly order of personnel exchanges between China and foreign countries on the premise of ensuring the safety of epidemic prevention. Timely launch the promotion action of inbound tourism, issue support policies for inbound tourism development, size up the situation and take effective measures to promote the high-quality development of inbound tourism. Strengthen communication with tourist source countries and destinations in terms of international shipping, border passage, vaccination, tourism team organization, medical insurance, etc., always adhere to the safety bottom line with a highly responsible attitude towards life and health, put epidemic prevention and control in the first place, strictly implement the "fuse" measures of International passenger flights, and dynamically and accurately adjust the entry policies of people coming to China.
Beijing Shiji Information Technology Co.Ltd(002153) : the recovery of capital expenditure in the hotel industry is expected, which is conducive to the recovery of overall performance and the acceleration of cloud business. Under the influence of the epidemic, the expenditure of large hotel groups has been significantly reduced, and the impact of hotel it prosperity is obvious. Taking the top 3 hotel groups in the world (intercontinental, Hilton and Marriott) as an example, the capital expenditure of the three hotel groups in 2020 was only US $300 million, down 71% compared with 19 years, and the capital expenditure in 2021h1 (Hilton and Marriott) continued to decline compared with 2020h1.
Why Beijing Shiji Information Technology Co.Ltd(002153) ? Policies promote the recovery of downstream prosperity, and the transformation of hotel group to cloud is expected to accelerate. The gradual recovery of inbound and outbound tourism will bring about the recovery of the hotel industry, which will directly promote the increase of capital expenditure. Beijing Shiji Information Technology Co.Ltd(002153) is a leader in China's hotel it field, with a market share of 60% for China's five-star hotels, and has won important cloud PMS orders such as intercontinental and Peninsula. Previously, the capital expenditure pressure of the hotel industry was one of the obstacles to the progress of the hotel to cloud. Under the general trend of the recovery of the hotel industry, the cloud implementation progress of intercontinental and other hotels is expected to continue to accelerate. At the same time, the opening of tourism will also bring about the recovery of catering, retail, park tourism and other industries, Beijing Shiji Information Technology Co.Ltd(002153) is expected to benefit from many points.
In the face of "challenges" and stationed at the country gate, Maxvision Technology Corp(002990) provides full closed-loop border inspection and tourism access detection. While the port informatization construction will continue to focus on "security", it is facing the needs of diversity and differentiation of border ports, As a result, the industry has the characteristics of "high barrier + customization", so for the selection of suppliers, mature and perfect benchmarking projects are the primary evaluation criteria. As the only port construction system provider with the trinity of "sea, land and air" in the market, the company has a high degree of scarcity; At the same time, the "shallow customization" under the "horizontal and vertical layout" has broken the traditional integrator model and formed a "point to area" to continuously deepen the product matrix. And finally expand the application scenarios horizontally to realize the high reusability of port solutions.
Why Maxvision Technology Corp(002990) ? In the context of the timely launch of inbound tourism in the 14th five year plan, the application scenarios of airports, sea routes, land routes and even various tourist attractions will usher in a new round of detection needs. The company has comprehensive technology and product coverage and continues to build a number of key projects: for example, Shenzhen Bay Port, which realizes 24-hour customs clearance between the Hong Kong Special Administrative Region and Shenzhen, and has inspected nearly 420 million inbound and outbound passengers and more than 47 million inbound and outbound vehicles in 14 years; And airport informatization pacesetters -- Daxing airport and Chengdu Tianfu airport, etc.
Products and technologies involve the whole process control system of integrated management, passenger self-service inspection, intelligent travel inspection, face recognition and intelligent quarantine, which will continue to burst into vitality in today's normalization of the epidemic.
Investment suggestion: the epidemic does not change the general trend of tourism travel. Since 2020, people around the world have been affected by the epidemic, and there is still a certain gap from meeting people's new expectations for a better life. With the normalization of the epidemic, China took the lead in proposing Wuxi Online Offline Communication Information Technology Co.Ltd(300959) continuous integration and whole process management and control as the overall planning, and firmly and accurately tamped the cornerstone of informatization and digitization when the tourism demand has not been fully released. The recovery of the hotel industry will promote the recovery of capital expenditure, and then the prosperity of the hotel IT industry will rebound; Beijing Shiji Information Technology Co.Ltd(002153) as a leading hotel IT enterprise, the recovery of the industry boom is directly conducive to the overall performance of the company. At the same time, the cloud transformation is expected to speed up, and the growth capacity of SaaS is expected to maintain the "recommended" rating. As a scarce manufacturer of China's port information construction with the trinity of "sea, land and air", Maxvision Technology Corp(002990) will provide all-round process detection and tracking for the country in the role of "epidemic prevention guard" and maintain the "recommended" rating.
Risk warning: the intensification of the epidemic situation brings systematic risks of comprehensive control; The increase of orders brings the risk of insufficient production capacity; The extension of construction period brings the risk of delivery delay.
