** Hong Kong-listed shares of China Tourism Group Duty Free Corp 601888 fall 10.4% to HK$77.25, the biggest intraday pct drop since January 2023
** Stock on track to snap 8 straight sessions of gains, if losses hold
** Co’s Shanghai-listed shares 
601888 climb 1.2%
** Goldman Sachs said in a note on Sunday that domestic tourism data during the Lunar New Year holiday improved from the New Year’s holiday and the National Day Golden Week last October, but tourism revenue per head softened suggesting “consumption downgrading” is still widely seen
** Domestic tourism spending jumped by 47.3% from the same holiday period in 2023, according to Ministry of Culture and Tourism. According to Reuters calculations based on the ministry data, average spending per trip down 9.5% as compared to that in 2019
** Brokerage UOB Kay Hian wrote in a note on Monday that offline duty-free sales in Hainan up 60% yoy during the holiday according to Haikou Customs, shoppers number up 90% but Hainan offline…
