Tracking the Fallout: Which Travel Stocks are Sinking Most on Monday?
Photo Credit: World markets on a tablet screen. Adobe Stock / mario beauregard
Skift Take
Global travel stocks are being battered once again on Monday, with some of the industry's biggest names reporting double-digit same-day declines.
Shares in many of the world’s leading travel companies sank on Monday, compounding last week’s heavy losses. Markets in Asia, the Middle East, and Europe dropped sharply, with the Hang Seng index in Hong Kong closing down more than 13% – its worst one-day fall since the 1997 Asian financial crisis.
Investors continue to be spooked by the introduction of worldwide tariffs on goods entering the United States. Even before Wall Street opened, U.S. futures were sharply down.
With local insights from around the world, Skift’s global team of reporters help make sense of a turbulent day for many of the travel industry’s biggest names:
A Brutal Day for Asian Travel StocksAsian equity markets saw a broad and severe sell-off on Monday. Investor sentiment was rattled by growing concerns over slowing global growth, rising geopolitical tensions, and regulatory pressures.
Hong Kong’s Hang Seng index led the rout, falling 13.2% by the close of Monday trading. For context, the index's largest slump during the 2007-08 global financial crisis was a 12.7% drop. Mainland China and the Hong Kong markets were closed on Friday for a public holiday.
The steep drop was driven largely by a collapse in tech and e-commerce shares, with Alibaba Group, parent of travel platform Fliggy, falling 18%. Trip.com also fell nearly 16% on Monday.
The sell-off rippled across the region, with all 14 major Asia-Pacific stock benchmarks ending the day lower. Of those, 11 closed at fresh 52-week lows, highlighting the breadth of the market retreat.
Japan’s Nikkei 225 fell 7%, South Korea’s Kospi lost 5%, and Sin
