COVID-19 Downturn's Hardest-hit Companies: the 'beach' Stocks #infographic

COVID-19 Downturn's Hardest-hit Companies: the 'beach' Stocks #infographic

The new business storm has thrown the global travel sector into uncharted territories.

Since the S&P 500 market high on February 19, 2020, market capitalizations across the BEACH sectors — booking, entertainment, airlines, cruises and hotels — have tumbled. The global airline industry has seen $157B wipping off valuations of 116 publicly traded airlines alone.

There's also a fall in trust in cruise lines among investors. Among Carnival, Royal Caribbean, and Norwegian Cruise Line Holdings, more than half of the market value has evaporated — at least $42B of gross market capitalisation.

As for the cruise ship industry, global operations came to a 30-day standstill in mid-March. Cross three cruise ships, more than 800 COVID-19 cases and 10 deaths have been reported.

"COVID-19 on cruise ships presents a risk of rapid spread of disease, triggering outbreaks in a susceptible population and requiring robust spread control measures"

Carnival, a Miami-based company, has seen its share price fall to about a third of its February 19 value. Similarly, Royal Caribbean Cruises, which saw its market value fall nearly 70%, reported that travel would be postponed until mid-May.

COVID-19 Downturn's Hardest-hit Companies: the 'beach' Stocks #infographic

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