[Click eStock] "Lotte Tour Development, the Most Direct Beneficiary of Korea-China Group Tourism"

On the 14th, Kiwoom Securities analyzed that Lotte Tour Development would be the most direct and fastest beneficiary of Jeju Island's visa-free entry policy.

Namsoo Lee, a researcher at Kiwoom Securities, stated in a report on the same day, "Despite the fact that the full-scale entry of Chinese VIPs has not yet begun, the casino led the performance by turning around from an operating loss of 2.2 billion KRW in Q1 to an operating profit of 8.4 billion KRW in Q2," adding, "The international routes at Jeju International Airport in July are at 58% compared to 2019. The number of Chinese visitors to Jeju in June is 38% compared to 2019. There is sufficient potential for traffic improvement, and the advantage of visa-free entry will also be demonstrated."

Lee said, "As a result of the expansion of Jeju-China air routes in July, the casino machine drop amount recorded 28.3 billion KRW, a 236% increase compared to the Q1 monthly average machine drop amount of 8.4 billion KRW. The proportion of foreign guests staying at hotels also increased from 44% in April to 61% in July. With the resumption of Chinese group tours, hotel OCC improvement is expected to gain further momentum."

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