VAC - Travel stocks underperform as earnings season approaches

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 being 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% , Trip.com ( TRIP ) -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% .

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