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Stockreport

Why Hotel Stocks Plunged Double Digits on Monday [The Motley Fool]

Marriott International - Class A (MAR)  More Company Research Source: The Motley Fool
Last marriott international - class a earnings: 2/26 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/mar
Why Hotel Stocks Plunged Double Digits on Monday Hotels are shutting down and that's bad news for these brands. Shares of hotel brands plunged again on Monday as the COVID-19 reaction has started shutting down travel across the world. Marriott International 's ( NASDAQ:MAR ) shares were down as much as 18.3% in early trading, Hyatt Hotels ( NYSE:H ) dropped 20.1%, and Hilton Worldwide Holdings ( NYSE:HLT ) shares were down 18.8%. Shares of each company recovered some of those losses throughout the day and at 2:40 p.m. EDT were down 7.4%, 9.6%, and 10.7% respectively. There are multiple layers to the news today, but the EU has proposed a ban on non-essential travel to Europe, the U.S. is already limiting travel from Europe, and airlines are cutting capacity to keep from flying empty airplanes. Hotels are downstream from the airline industry, but if people aren't traveling they aren't staying at hotels, so there is going to be a big impact on hotel brands. Most hotels in the Marriot [Read more]
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Stockreport

Why Hotel Stocks Plunged Double Digits on Monday [The Motley Fool]

Marriott International - Class A  (MAR) 
More Company Research Source: The Motley Fool
Last marriott international - class a earnings: 2/26 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/mar
Why Hotel Stocks Plunged Double Digits on Monday Hotels are shutting down and that's bad news for these brands. Shares of hotel brands plunged again on Monday as the COVID-19 reaction has started shutting down travel across the world. Marriott International 's ( NASDAQ:MAR ) shares were down as much as 18.3% in early trading, Hyatt Hotels ( NYSE:H ) dropped 20.1%, and Hilton Worldwide Holdings ( NYSE:HLT ) shares were down 18.8%. Shares of each company recovered some of those losses throughout the day and at 2:40 p.m. EDT were down 7.4%, 9.6%, and 10.7% respectively. There are multiple layers to the news today, but the EU has proposed a ban on non-essential travel to Europe, the U.S. is already limiting travel from Europe, and airlines are cutting capacity to keep from flying empty airplanes. Hotels are downstream from the airline industry, but if people aren't traveling they aren't staying at hotels, so there is going to be a big impact on hotel brands. Most hotels in the Marriot [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MAR
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS