During trading on the 16th, travel-related stocks largely showed an upward trend, drawing strong interest from investors. With expectations building for the entry into the peak summer vacation season and a recovery in overseas travel demand, investment sentiment across the overall travel industry remains solid.

• *[Major Travel Stock Movements]**
• As of this afternoon, major travel agency stock prices led the gains.
• Lotte Tourism Development: Traded at 18,020 won, up 210 won (1.18%) from the previous trading day. During the session, it surged to as high as 18,600 won, demonstrating strength.
• Yellow Balloon: Gained 40 won (1.00%) to close at 4,055 won.
• Hana Tour: Traded at 37,650 won, up 150 won (0.40%).
• In addition, Very Good Travel and Red Cap Tour also posted modest gains, showing a steady trend.
• However, Mode Tour traded at 9,620 won, down 10 won (0.10%), moving within a flat range.

[Reasons for Rising Expectations of Earnings Improvement] The market analyzed that as the summer vacation season arrives, demand for overseas package tours and independent travel is increasing, which is fueling expectations for improved earnings in the travel industry. The normalization of flight operations and the expansion of international routes are also cited as positive factors for the travel sector.

In particular, with consumers showing a high preference for overseas travel recently, reservation demand for Japan, Southeast Asia, and European routes continues to grow, drawing attention to the potential for travel agencies to expand product sales.

[Future Stock Price Variables and Outlook] Securities firms expect that as the travel industry enters its main seasonal peak period, future booking rates and the increase in outbound travelers will act as key variables determining earnings performance. Additionally, macroeconomic factors such as exchange rates, international conditions, and changes in airfares are expected to affect investment sentiment across the entire sector.

[※ This article is for reference only in making investment decisions, and the final responsibility for investments lies with the investor.]