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Aug. 17, 2021, 12:20 p.m. EDT

Online travel booker stocks fall amid growing concerns over surging COVID cases

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By Tomi Kilgore

Shares of online travel services companies were broadly lower Tuesday, with many hitting multi-month lows, as a continued surge in new COVID-19 cases fueled fears of potential travel restrictions. The ETFMG Travel Tech ETF /zigman2/quotes/216415466/composite AWAY -0.66% dropped 3.5%, and has shed 7.5% amid a 4-day losing streak, putting it on track for the lowest close since Dec. 23, 2020, as 32 of 34 equity components lost ground. In comparison, the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.10% declined 0.9%. Among some of the ETF's online-booker components, shares of Expedia Group Inc. /zigman2/quotes/202291990/composite EXPE -0.94% slid 1.7%, TripAdvisor Inc. /zigman2/quotes/206118480/composite TRIP +3.50% dropped 3.0%; Despegar.com /zigman2/quotes/201115213/composite DESP -0.62% slumped 6.4% and Trivago N.V. /zigman2/quotes/205613957/composite TRVG -10.05% tumbled 8.0%, all toward six-month lows, while Booking Holdings Inc. /zigman2/quotes/203576210/composite BKNG -2.50% slipped 1.1%, but was above the July 19 closing low of $2,067.55. Shares of Travelzoo /zigman2/quotes/208830603/composite TZOO +0.58% , which provides travel information, declined 5.3%, and Sabre Corp. /zigman2/quotes/200765742/composite SABR -1.48% , which provides travel-booking technology, lost 1.4%. Elsewhere, the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -0.29% shed 2.6%, and has lost 6.1% amid a four-day losing streak, while cruise operator Carnival Corp.'s stock /zigman2/quotes/202325446/composite CCL -1.89% lost 3.2%, and has dropped 8.0%, also amid a 4-day loss streak.

/zigman2/quotes/216415466/composite
US : U.S.: NYSE Arca
$ 19.55
-0.13 -0.66%
Volume: 20,132
Feb. 8, 2023 2:36p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,118.22
-45.78 -1.10%
Volume: 0.00
Feb. 8, 2023 3:23p
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/zigman2/quotes/202291990/composite
US : U.S.: Nasdaq
$ 119.07
-1.13 -0.94%
Volume: 1.37M
Feb. 8, 2023 3:23p
P/E Ratio
43.43
Dividend Yield
0.00%
Market Cap
$18.76 billion
Rev. per Employee
$765,405
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/zigman2/quotes/206118480/composite
US : U.S.: Nasdaq
$ 25.02
+0.85 +3.50%
Volume: 3.76M
Feb. 8, 2023 3:23p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$3.40 billion
Rev. per Employee
$512,449
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/zigman2/quotes/201115213/composite
US : U.S.: NYSE
$ 7.18
-0.04 -0.62%
Volume: 83,029
Feb. 8, 2023 3:23p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$478.24 million
Rev. per Employee
$135,588
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/zigman2/quotes/205613957/composite
US : U.S.: Nasdaq
$ 1.70
-0.19 -10.05%
Volume: 602,464
Feb. 8, 2023 3:23p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$682.43 million
Rev. per Employee
$685,918
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/zigman2/quotes/203576210/composite
US : U.S.: Nasdaq
$ 2,425.03
-62.17 -2.50%
Volume: 230,032
Feb. 8, 2023 3:21p
P/E Ratio
39.83
Dividend Yield
N/A
Market Cap
$96.48 billion
Rev. per Employee
$789,261
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/zigman2/quotes/208830603/composite
US : U.S.: Nasdaq
$ 5.21
+0.03 +0.58%
Volume: 11,596
Feb. 8, 2023 2:47p
P/E Ratio
64.08
Dividend Yield
N/A
Market Cap
$64.23 million
Rev. per Employee
$309,019
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/zigman2/quotes/200765742/composite
US : U.S.: Nasdaq
$ 7.33
-0.11 -1.48%
Volume: 1.44M
Feb. 8, 2023 3:23p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.44 billion
Rev. per Employee
$317,351
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/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 20.54
-0.06 -0.29%
Volume: 1.94M
Feb. 8, 2023 3:22p
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/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 11.96
-0.23 -1.89%
Volume: 27.75M
Feb. 8, 2023 3:23p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$15.11 billion
Rev. per Employee
N/A
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