[Featured Stock] Lotte Tour Development Rises on Expectations of Chinese Tourist Demand During Chuseok and National Day
The stock price of Lotte Tour Development is on the rise. The expectation of an increase in Chinese tourists ahead of the Chuseok and National Day holidays appears to be influencing the stock price.
![[Featured Stock] Lotte Tour Development Rises on Expectations of Chinese Tourist Demand During Chuseok and National Day](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
At 9:48 AM on the 3rd, Lotte Tour Development was trading at 9,760 KRW, up 2.63% from the previous day.
Researcher Kim Hye-young of Daol Investment & Securities stated, "Due to the increase in flights, the recent drop amount and net sales have risen significantly," adding, "If the proportion of VIPs increases in the future, the drop amount may increase while the hold rate may decrease."
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She also pointed out that ahead of this month's Chuseok and next month's National Day, "Lotte Tour Development, which has a majority of Chinese customers, may see a greater increase compared to Paradise or GKL."
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