GHG - Travel stocks slide again as expected post-pandemic boom hits more snags

The travel sector started off the week shaky again with recession concerns and staffing issues with airlines hurting sentiment broadly. For companies with a link to China, news of the one-week closure of all casinos in Macau due to a COVID outbreak has also hurt sentiment.

Early decliners on Monday included Trip.com ( NASDAQ: TRIP ) -8.26% , Travelzoo ( TZOO ) -5.37% , Tuniu Corporation ( TOUR ) -5.08% , Carnival ( CCL ) -4.74%, Royal Caribbean Cruises ( RCL ) -4.50% , Norwegian Cruise Line Holdings ( NCLH ) -4.42% , Tripadvisor ( TRIP ) -4.18% , MakeMyTrip Limited ( MMYT ) -3.89% , and Expedia Group ( EXPE ) -2.88% .

Lodging stocks Sonder Holdings ( SOND ) -8.32% , Huazhu Group Limited ( HTHT ) -6.68% , and GreenTree Hospitality Group ( GHG ) -5.46% were also notably lower.

Global airline stocks Azul ( AZUL ) -7.60% , Gol Linhas ( GOL ) -7.15% ,  China Eastern Airlines ( CEA ) -3.65% , Embraer SA ( ERJ ) -5.30% , China Southern Airlines ( ZNH ) -2.35% also traded weak. American Airlines ( AAL ) was the biggest decliner of the U.S. names with a 2.65% drop.

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