餐饮“工业化”的两大标志：中游垂直供应链体系的整合和膨胀，连锁餐饮品牌和数量的快速增长。规模化生产降低了整个产业链的成本，也提升了产业链增速，中游和下游兼具投资机会。

滴滴，出现在互联网战事的每一页。网约车赛道可能是互联网最难走的一条路：1）网络效应太强，2）由于其社会服务属性、业务环境复杂。这决定了网约车进入门槛极高，更需要持续进行资金、技术和运营投入。

《2021年在线旅游平台用户洞察研究报告》是通过去哪儿网和艾瑞iClick在线调研社区，利用定量研究方法，对在线旅游平台用户的出游行为、预订习惯、消费行为等方面进行在线调查及研究，从而帮助去哪儿网了解整体旅游用户和自家用户群体特征，以及自家用户优势所在，展现去哪儿网平台价值。

Mordor Intelligence (MI) advocates an appropriate mix of secondary and primary research to meet client objectives. MI translates market insights (market dynamics, competition, varying consumer demands, and regulations) into actionable business insights. The following phases are practiced at Mordor for efficient delivery of various syndicated and consulting assignments:

国家邮政局公布5 月行业运行情况，5 月快递业务量达92.2 亿件，同比增长24.9%；业务收入完成864.2 亿元，同比增长12.0%。今年1-5 月，全国快递服务企业业务量累计完成396.5 亿件，同比增长50.1%。收入累计完成3925.8 亿元，同比增长29.7%。

整体来看，一方面线上消费潜力不断释放，下沉市场持续为行业提供增量，我们认为快递行业规模有望稳定高增长；另一方面，快递行业产能出清，行业加速整合，优势企业具备长期投资价值，选股建议关注两条主线，一是业务量市场份额持续领先、规模效应显著、拥有成本优势的加盟制快递龙头；二是主打中高端市场，单票收入高，产品结构完善、服务质量突出的直营龙头服务商。建议关注：顺丰控股、韵达股份、圆通速递。

5 月快递行业实现业务量92.2 亿件，同比上升24.9%，同城、异地、国际件分别增长3.6%、29.0%和26.9%； CR8 为80.5，环比提升0.1%。行业增速较上月继续回落，主要系去年疫情导致的低基数效应逐渐消退，以及政策对于部分地区低价倾销进行的整改。总体看行业需求增长依旧处于正常区间。

A taxi, also known as a cab, is a type of vehicle for hire with driver used by a single passenger or small group of passengers, often for a shared or non-shared ride. A taxi or a cab conveys passengers between locations of their choice. This differs from public transport, as here the pick-up and drop-off locations are decided by the customer, and not by the service provider. There are various distinct forms of taxi, which includes limousines, hackney carriages, and private hire vehicles including passenger car, motorcycle, scooters, minivan, van, buses & coaches, auto rikshaw, bicycles, and tricycles. Taxi services are typically provided by automobiles, but in some countries various human-powered vehicles such as rickshaw or pedicab, animal-powered vehicles such as the Hansom cab and water taxies or air taxies are also used. Customers can book a ride via text message request, phone calls, or by going directly service provider’s physical location.

上周休闲服务（申万）指数下跌6.10%，跑输上证综指4.30 个百分点，跑输沪深300 指数3.76 个百分点，在申万一级行业中排名第28。

空运： TAC 上海至北美运价6.95$/kg，环比下跌-5.7%，上海至欧洲运价4.22$/kg，环比下跌-2.5%。参照Flexport，亚洲出口市场相比本月早些时候的高峰状态有所回落，但有迹象显示，随着二季度临近尾声，本周的需求量开始上升。继续推荐华贸物流，中国外运，关注东航物流，东方嘉盛。