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

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

The latest market storm has thrown the global travel industry into uncharted regions.

Market capitalizations around the BEACH sectors — booking, entertainment, airlines, cruises, and hotels — have tumbled since the S&P 500 market peak on February 19, 2020. The global airline industry has wipped off valuations of 116 publicly traded carriers alone for $157B.

There's also a fall in investor confidence in cruise lines. More than half of the market value has evaporated from Carnival, Royal Caribbean, and Norwegian Cruise Line Holdings — at least $42B in total market capitalisation.

As regards the cruise ship industry, in mid-March, global operations came to a 30-day standstill. There were reports of crossing three cruise ships, more than 800 COVID-19 cases and 10 deaths.

'COVID-19 on cruise ships presents a risk of rapid disease transmission, causing outbreaks in a susceptible population and requiring stringent transmission control measures'

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

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

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