TCOM - Hotel and leisure stock rally on optimism over full vaccine approval decelerating Delta

Hotel and lodging stocks are having a strong day as sentiment around COVID impact tips more favorable with nine previous hotspot states showing a decelerating trend of Delta cases and associated hospitalizations. That follows an update from Fundstrat that COVID-19 is "rolling over" in a total of 18 U.S. states. The Pfizer-FDA vaccine news is also providing an ongoing lift. Gainers include Hyatt Hotels (H +4.1%), Hilton Worldwide (HLT +2.8%), Wyndham Hotels & Resorts (WH +2.2%), Marriott International (MAR +1.9%), Airbnb (ABNB +7.5%) and Booking Holdings (BKNG +3.5%) In the casino, resorts and online travel sectors, some of the names rallying include Full House Resorts (FLL +8.6%), trivago (TRVG +4.6%), TripAdvisor (TRIP +2.7%), Trip.com (TCOM +4.5%), Hilton Grand Vacations (HGV +4.1%), Playa Hotels & Resorts (PLYA +3.2%) and Churchill Downs (CHDN +2.2%). In the airline sector, investors are bidding up Spirit Airlines (SAVE +3.7%), SkyWest (SKYW +3.9%), JetBlue (JBLU +3.3%)

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Hotel and leisure stock rally on optimism over full vaccine approval, decelerating Delta