Airlines, hotels, and cruise lines sink as China's spreading coronavirus spurs travel anxiety

  • Shares of airlines, hotels, and cruise lines all traded lower Monday as China’s coronavirus spreads.
  • So far, the virus has killed 80 and infected more than 2,700 worldwide.
  • Global stocks and oil also slipped as the virus continues to infect more people. Safe-haven gold rose.
  • Here’s how much 18 travel stocks are down in early trading on Monday.
  • Read more on Business Insider.

As China’s coronavirus spreads, stocks tied to travel are taking a hit.

Shares of airlines, hotels, and cruise lines all traded sharply lower in early trading Monday as fears of a global outbreak of the mysterious virus mount. The virus, which originated in Wuhan, China, has so far killed 80 people and infected more than 2,700 worldwide. It has spread from China to multiple countries in Asia, the US, Canada, France, and Australia.

Some airlines have let customers cancel or change flights with no fee, the Wall Street Journal reported Monday. A number of companies have cancelled cruises that originate in China,Cruise Industry News reported Friday. In addition, travel agencies have been instructed to stop booking group tours, a big driver of the Chinese cruise industry, according to the report.

Global stocks and oil prices also slipped Monday morning as traders react to the viruses rapid spread, which is reminiscent of the SARS outbreak of 2003. Gold, long considered a safe haven asset, rose Monday as investors look for protection from the virus.

Here’s how much select travel stocks are down on Monday:


United Airlines

ASSOCIATED PRESS

Ticker:
UAL

Stock move: -4.75% at 9:46am in New York


American Airlines

Ticker:
AAL

Stock move: -7.13% as of 9:50 am in New York


Delta Airlines

REUTERS/Lucas Jackson

Ticker:
DAL

Stock move: -3.83% as of 9:49 am in New York


China Eastern Airlines

Ticker:
CEA (American Depositary shares)

Stock move: -6.93% as of 9:30 am in New York


China Southern Airlines

Reuters

Ticker:
ZNH (American Depositary shares)

Stock move: -7.00% as of 9:30 am in New York


Trip.com

Trip.com

Ticker:TCOM(American Depositary shares)

Stock move: -9.25% as of 9:30 am in New YOrk


Expedia Group

Expedia

Ticker:
EXPE

Stock move: -4.30% as of 9:30 am in New York


TripAdvisor

Shutterstock

Ticker:
TRIP

Stock move: -4.26% as of 9:30 am in New York


Booking Holdings

iSpot.tv

Ticker:
BKNG

Stock move: -3.39% as of 9:30 am in New York


Marriott International

Reuters

Ticker:
MAR

Stock move: -4.51% as of 9:30 am in New York


Hyatt Hotels

Ticker:
H

Stock move: -1.85% as of 9:30 am in New York


Hilton Worldwide Holdings

http://www.lvhilton.com/Hotel/gallery

Ticker:
HLT

Stock move: -4.57% as of 9:30 am in New York


Carnival Corp

J Pat Carter/Associated PressA Carnival cruise ship

Ticker:
CCL

Stock move: -5.56% as of 9:30 am in New York


Royal Caribbean Cruises

Ticker:
RCL

Stock move: -6.77% as of 9:35 am in New York


Norwegian Cruise Lines

Norwegian Cruise Lines

Ticker:
NCLH

Stock move: -4.64% as of 9:35 am in New York


Wynn Resorts

Ticker:
WYNN

Stock move: -8.75% as of 9:35 am in New York


Las Vegas Sands Corp

Ticker:
LVS

Stock move: -9.45% as of 9:35 am in New York


MGM Resorts International

Reuters

Ticker:
MGM

Stock move: -5.48% as of 9:35 am in New York

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