BKNG - Travel and leisure stocks fall back as investors weigh near-term headwinds
ronstik/iStock via Getty Images Travel and leisure stocks are having a weak day on some concerns that share price rallies have run ahead of near-term earnings realities. More issues in setting up a travel corridor between the U.S. and the U.K. and positive COVID-19 cases with unvaccinated passengers on several cruises has pushed back some of the more aggressive timelines on when travel might fully recover to 2019 levels on a global basis. Decliners include TripAdvisor ([[TRIP]] -4.6%), Expedia ([[EXPE]] -4.7%), Despegar.com ([[DESP]] -3.5%), Booking Holdings ([[BKNG]] -3.5%), Travelzoo ([[TZOO]] -3.6%), Marriott International ([[MAR]] -2.9%), MGM Resorts ([[MGM]] -3.4%), American Airlines ([[AAL]] -4.0%), Red Rock Resorts ([[RRR]] -6.1%), Wynn Resorts ([[WYNN]] -3.0%), Hawaiian Holdings ([[HA]] -4.7%) and Hilton Worldwide ([[HLT]] -2.5%). Earlier: Cruise line stocks fall and theme park stocks peel back on travel worries.
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Travel and leisure stocks fall back as investors weigh near-term headwinds