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The travel sector is trading off on a reality check that demand for travel and entertainment excursions is likely to be bumpy at best. Talk of a second wave of COVID-19 cases centers on a forecast for a sharp upward spike in cases in the fall that would once again lead to a much higher hospitalization rate than a normal flu season. Even if that forecast is too dire, macroeconomic pressures are seen hurting bookings for travel.
More news on: InterContinental Hotels Group PLC, Wyndham Destinations, Inc., Marriott International, Inc., Consumer stocks news, Stocks on the move,