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Stock market reaction to coronavirus: airlines, hotels, cruise lines slip - Business Insider

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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. Global stocks and oil also slipped as the virus continues to infect more people. Safe-haven gold rose.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. 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,

 

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shukla_tarun Airlines and hotels will take a huge hit now

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