Stocks for online travel giants have collectively fallen about 38% ($915 in total share price) since the start of 2020.
Most of the value has been decimated due to the spread of the COVID-19 coronavirus, with bookings declining and analysts anticipating a long-term
Here’s a look at these stocks for the first 10 weeks of 2020:
Despite beating revenue estimates for the fourth quarter, Booking Holdings’ stock dropped 3% on the day of its earnings report due to the impact of the virus.
The Norwalk, Connecticut online travel agency pulled its first-quarter guidance on
March 9, which caused the stock to decrease by 1.8%.
"Given the rapidly evolving situation, we are unable at this time to reliably quantify the impact of the COVID-19 outbreak on our future financial results," CEO Glenn Fogel says.
plan to provide more information during our first quarter earnings call based on the information we have available at that time.”
As of the close of market at March 12, Booking Holdings stock sits at $1,280.40 – down by $794.18 since the
start of 2020.
After missing on its revenue estimates for the fourth quarter, Expedia Group’s stock increased by 9% after its February 13 earnings call. This was largely driven by Chairman Barry Diller’s projection of double-digit adjusted EBITDA growth in 2020.
Hake, a CFA and consultant, wrote about his bullish position of the company on March 5 due to Expedia Group’s aggressive buyback program.
The Seattle, Washington-based OTA then got decimated due to the spread of COVID-19, dropping from $110.98
to $65.04 so far in 2020.
Amadeus started the year off at $82.02, but the outbreak took its toll on the Madrid, Spain-based GDS, with stocks dropping to $47.79 on March 12.
Despite an uptick from its positive earnings results on February 28, the stock couldn’t maintain
its value due to a drop in global air travel.
However, research analyst Patrick Kroneman is bullish on Amadeus and called it a “solid buy.”
Sabre’s stock was steady for most of January and February, even though the Southlake, Texas-based GDS faced challenges such as Air India’s departure.
The stock tumbled by 9% after it missed revenue expectations with its earnings report released
on February 26.
The stock now sits at $8.24, down from the $22.75 price at the beginning of the year.
Following its plan to cut jobs in January, TripAdvisor’s stock fell 1.2%.
The Needham, Massachusetts-based meta-search company recovered from the fall by beating revenue expectations with its fourth-quarter 2019 earnings release.
Most investors have been spooked by the outbreak, which resulted in Tripadvisor falling
from $30.26 at the beginning of the year to $14.92 on March 12.
With China serving as the epicenter of the start of the COVID-19 outbreak, Trip.com Group suffered greatly throughout 2020.
The Shanghai, China-based OTA’s stock fell from $36.97 at the beginning of 2020 to $25.91 on March 12.
have been so dire that Trip.com Group reportedly tried to get a $1.2 billion loan and its CEO and Chairman ceased taking salaries.
Trip.com Group is expected to report earnings on March 18.