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

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


The new hurricane on the market has plunged the global travel industry into uncharted territory.

Market capitalizations around the BEACH industries — booking, entertainment, airlines, cruises, and hotels — have tumbled after the S&P 500 market peak on February 19, 2020. Alone in 116 publicly traded airlines, the global airline industry has seen $157B wiping off valuations.

Trust in cruise lines has also fallen among investors. More than half of the market value has evaporated between Carnival, Royal Caribbean, and Norwegian Cruise Line Holdings — equal to at least $42B in total market capitalization.

Global operations came to a 30-day standstill in mid-March as regards the cruise ship industry. More than 800 COVID-19 cases and 10 deaths were discovered across three cruise ships.

"COVID-19 on cruise ships presents a risk of disease spreading quickly , causing outbreaks in a susceptible population and requiring vigorous measures to control spread"

Carnival, a Miami-based firm, has witnessed a fall in its share price to about a third of its value of February 19. Likewise, Royal Caribbean Cruises, which saw its market value plummet nearly 70%, announced it would postpone travel until mid-May.

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

infographic by: www.visualcapitalist.com

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