Why Marriott International, Booking Holdings, and Azul Stocks All Dropped Today
Coronavirus fears raised their ugly heads in a big way this morning, and all sorts of stocks related to the travel industry are suffering for it. For example, in midday trading, shares of travel reservations specialist Booking Holdings (NASDAQ: BKNG) dropped 5.4%, Brazilian airline Azul (NYSE: AZUL) descended 8.3%, and hotelier Marriott International (NASDAQ: MAR) suffered a 6.9% loss. In London, Mayor Sadiq Khan is reportedly discussing new restrictions to curtail the spread of the virus and, more generally, the entire U.K. is apparently considering "locking down" with measures that could include quarantines and curfews for a second time.
