近年来，OTA(在线旅游商)服务无疑对大众的生活产生着越来越重要的影响，这就开启了 OTA 全面引领全行业的时代。2015 年，携程网一举并购艺龙网和去哪儿，一统战乱多年的在线旅游表品市场。眼下，在消费结构升级下，OTA(在线旅游商)之间的频繁较量，已然从线上到线下，从“标品”领域到“非标品”领域，这也就意味着，更多的旅游产品和资源将掌握在 OTA 手上，行业引领地位日显。

旅游行业回顾：整体稳定增长，消费升级+国企改革下子行业分化2017 年，我国旅游行业总体预计稳定发展。三大游中，国内游预计维持良好景气：中国旅游研究院预计，2017 年国内旅游人数达到 48.80亿人次，同比增长 10.0%；入境游持续弱复苏：预计人数和收入分别同比增长 3.50%、 5.00%；出境游市场继续分化：出境游人预计数增长 4.00%，而出国游预计增长在 10%+。

Governance, risk, and compliance constitute three essential dimensions for an organization as they assist in addressing the business objectives. The management of a company implements structural policies and reforms to ensure corporate governance in an organization. The risk management policies identify and manage different risks, including operational risks, financial risks, and fraud. Compliance encompasses policies, procedures, and adherence to rules and regulations framed by regulatory bodies in a given region.

The global contract cleaning services market is expected to be driven by an increasing demand from key end-users such as commercial office buildings, transportation,healthcare institutions, and educational institutions. Growing dual-income families due to increasing women education and employment contribute to the growth of the market in terms of residential end-users. Increasing use of automated cleaning techniques have driven the market growth since these devices reduce cleaning time as well as improve the efficiency at work.However, the use of potentially harmful chemicals such as phosphoric acid and hydrochloric acid poses a risk to laborers. Another challenge faced by the market is the change in minimum labor wages, which is being improved by government policies,thereby altering the contract pricing of vendors.The increasing use of green products for cleaning is expected to significantly aid the market growth. Natural products do not cause harmful reactions, and are cost-efficient and eco-friendly. Increasing awareness among population regarding the use of green products also contributes to the market growth.

A customs audit, also called post-clearance audit, is the retrospective examination of goods, which is released after import and export under the policy of trade facilitation and customs control. Tools such as risk management and standard customs procedures are used to carry out customs audits. Company records, accounting systems, business systems, and commercial data are examined to complete the audit.Customs audit brokers or facilitators are professionals that assure customs enforcement agencies that companies are adhering to all customs rules and regulations. While discussing the global customs audit market, the focus is on these organizations that help importers and exporters with resources to clear customs compliance entries. They are indispensable for international commerce.Throughout this report, 2016 is considered the base year. All calculations involving quantitative data are based on 2016. The values represented in the report are the actual values for 2016, whereas, the values for 2017-2021 are estimated.

6 月休闲服务板块上涨 4.11%，相对沪深 300 继续跑输 1.24个点，排名 13/28。其中，子版块餐饮(6.9%)>旅游综合(5.0%)>酒店(4.3%)>景点(-0.3%)。教育：14 家教育公司平均上涨 3. 7%。 

今年以来，休闲服务行业走势相对较弱,整体下跌 6.68%（截止至 6 月 29 日，下同），沪深 300 指数上涨 10.84%，休闲服务行业相对沪深 300 指数跑输 17.52pct，在申万 28 个行业中排名第 18 位。主要原因：1）监管趋严，资金趋紧，市场风格偏爱大盘蓝筹股； 2）板块内资金抱团流向行业白马；3）资金去杠杆影响导致部分个股超跌。 

继 2016 年板块和个股持续下跌之后，今年上半年板块整体仍跑输大盘，中信行业指数跌幅位于 29 个子板块跌幅的 11 位，跌幅相对靠前。

2017年上半年申万休闲服务指数下跌5.67%。在申万28个一级行业中排名第18位。从个股来看，中国国旅、首旅酒店、黄山旅游、峨眉山和中青旅涨幅居前，市场风格偏防守，具有业绩确定性的个股支撑较强。