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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 -0.58% 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 -0.51% declined 0.9%. Among some of the ETF's online-booker components, shares of Expedia Group Inc. /zigman2/quotes/202291990/composite EXPE +0.85% slid 1.7%, TripAdvisor Inc. /zigman2/quotes/206118480/composite TRIP -2.59% dropped 3.0%; Despegar.com /zigman2/quotes/201115213/composite DESP -0.71% slumped 6.4% and Trivago N.V. /zigman2/quotes/205613957/composite TRVG +0.40% tumbled 8.0%, all toward six-month lows, while Booking Holdings Inc. /zigman2/quotes/203576210/composite BKNG -0.61% slipped 1.1%, but was above the July 19 closing low of $2,067.55. Shares of Travelzoo /zigman2/quotes/208830603/composite TZOO -2.93% , which provides travel information, declined 5.3%, and Sabre Corp. /zigman2/quotes/200765742/composite SABR -1.61% , which provides travel-booking technology, lost 1.4%. Elsewhere, the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -1.73% 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 -0.82% lost 3.2%, and has dropped 8.0%, also amid a 4-day loss streak.

/zigman2/quotes/216415466/composite
US : U.S.: NYSE Arca
$ 27.24
-0.16 -0.58%
Volume: 107,628
Oct. 27, 2021 4:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,551.68
-23.11 -0.51%
Volume: 2.24B
Oct. 27, 2021 5:05p
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/zigman2/quotes/202291990/composite
US : U.S.: Nasdaq
$ 164.14
+1.39 +0.85%
Volume: 1.27M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$24.55 billion
Rev. per Employee
$272,199
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/zigman2/quotes/206118480/composite
US : U.S.: Nasdaq
$ 33.09
-0.88 -2.59%
Volume: 1.24M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$4.67 billion
Rev. per Employee
$232,666
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/zigman2/quotes/201115213/composite
US : U.S.: NYSE
$ 11.20
-0.08 -0.71%
Volume: 317,929
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$734.23 million
Rev. per Employee
$36,716
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/zigman2/quotes/205613957/composite
US : U.S.: Nasdaq
$ 2.53
+0.01 +0.40%
Volume: 518,486
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$901.71 million
Rev. per Employee
$209,574
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/zigman2/quotes/203576210/composite
US : U.S.: Nasdaq
$ 2,428.09
-14.94 -0.61%
Volume: 195,842
Oct. 27, 2021 4:00p
P/E Ratio
241.41
Dividend Yield
N/A
Market Cap
$100.31 billion
Rev. per Employee
$334,778
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/zigman2/quotes/208830603/composite
US : U.S.: Nasdaq
$ 11.28
-0.34 -2.93%
Volume: 33,569
Oct. 27, 2021 4:00p
P/E Ratio
675.45
Dividend Yield
N/A
Market Cap
$135.34 million
Rev. per Employee
$227,123
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/zigman2/quotes/200765742/composite
US : U.S.: Nasdaq
$ 10.38
-0.17 -1.61%
Volume: 4.94M
Oct. 27, 2021 4:15p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$3.40 billion
Rev. per Employee
$177,148
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/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 22.19
-0.39 -1.73%
Volume: 4.75M
Oct. 27, 2021 4:00p
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/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 21.64
-0.18 -0.82%
Volume: 20.83M
Oct. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$24.53 billion
Rev. per Employee
N/A
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