Global market value loss of BEACH stock companies due to COVID-19 2020
In early 2020, the market values of many companies were massively affected by the coronavirus (COVID-19) outbreak, especially those in the travel and entertainment industries - so called BEACH stocks. BEACH stands for booking, entertainment and live events, airlines, cruises and casinos, hotels and resorts. Between February 19 and March 24, Eldorado Resorts and Norwegian Cruise Lines had the highest market capitalization losses, which amounted to 76 and 72 percent, respectively. On the contrary, Walt Disney's value loss, due to having diverse streams of revenue, was only 31 percent.
