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Why Hospitality Stocks Plunged Again on Monday [The Motley Fool]

Marriott International - Class A (MAR)  More Company Research Source: The Motley Fool
Last marriott international - class a earnings: 2/26 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/mar
What happened Shares of hospitality stocks struggled again on Monday as coronavirus spreads across the U.S. and the world. Marriott International ( NASDAQ:MAR Carnival NYSE:CCL Eldorado Resorts NASDAQ:ERI Marriott and Carnival recovered to end up with only small drops today, but Eldorado really took a big hit. The casino company finished down nearly 9.%. Image source: Getty Images. So what Fear of COVID-9 is affecting the consumer travel and hospitality business. Bookings at hotels in Asia are down, and that's where a majority of the 90,000 reported cases and ,000 reported deaths have happened. There have now been six deaths in the U.S., so the concern has hit U.S. shores. For Eldorado in particular, the challenge is that it's trying to acquire Caesars Entertainment NASDAQ:CZR casino stocks The hospitality business is definitely the first to be hit by coronavirus fears, and we'll probably see a significant impact starting in the first quarter. But it'll take months to determine if tra [Read more]
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