Travel stocks underperform as earnings season approaches

Jul. 06, 2022 11:02 AM ETTuniu Corporation (TOUR)TCOM, MCG, NCLH, CCL, YTRA, TNL, VAC, PLYA, H, INTG, ABNBBy: Clark Schultz, SA News Editor1 Comment

Abstract Digital Currency and Exchange Stock Chart Background for Cryptocurrency Technology Coin Market in Finance and Economy Display

cemagraphics/E+ via Getty Images

The travel sector saw more selling pressure on Wednesday as more traders took a defensive position ahead of the Q2 earnings season and potential guidance revisions. Conference calls in the weeks ahead are expected to give investors a feel if recession fears and inflation pressure will begin to hit travel demand.

There was also a cautious note from Barclays on travel stocks and European demand in particular that is grabbing some attention.

Notable decliners included Tuniu Corporation (NASDAQ:TOUR) -12.09%, Membership Collective Group (MCG) -9.80%, Norwegian Cruise Line Holdings (NCLH) -7.78%, Carnival Corporation (CCL) -5.54%, Yatra Online (YTRA) -5.08%, (TCOM) -4.75%, Travel + Leisure (TNL) -4.55%, Marriott Vacations Worldwide Corporation (VAC) -4.20%, Playa Hotels & Resorts (PLYA) -3.75%, Hyatt Hotels (H) -3.65%, InterGroup Corporation (INTG) -3.62%, and Airbnb (ABNB) -3.56%.

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.