Worries that the Brexit vote could curtail travel in Britain and Europe sent airline and travel stocks tumbling on Wall Street Friday.
The vote to pull Britain out of the 28-member European Union raised questions about how the existing free travel regime between the two might change, and affect travelers from both sides and from the rest of the world.
An expected downturn of economic and trade relations between the two sides could also put a damper on travel for business reasons.
At midday, travel websites Expedia and Priceline lost 6.2 per cent and 10.4 per cent, respectively. Hoteliers were battered, with InterContinental Hotels losing 7.5 per cent, Marriott International 4.9 per cent and Hilton Worldwide 5.6 per cent.
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The vote to pull Britain out of the 28-member European Union raised questions about how the existing free travel regime between the two might change, and affect travelers from both sides and from the rest of the world.
An expected downturn of economic and trade relations between the two sides could also put a damper on travel for business reasons.
At midday, travel websites Expedia and Priceline lost 6.2 per cent and 10.4 per cent, respectively. Hoteliers were battered, with InterContinental Hotels losing 7.5 per cent, Marriott International 4.9 per cent and Hilton Worldwide 5.6 per cent.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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