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.
Market capitalization loss of selected companies in the travel and entertainment sectors due to the coronavirus pandemic (COVID-19) worldwide in 2020
Characteristic
Change in market cap
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Visual Capitalist. (March 25, 2020). Market capitalization loss of selected companies in the travel and entertainment sectors due to the coronavirus pandemic (COVID-19) worldwide in 2020 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1110330/loss-beach-stock-companies-coronavirus/
Visual Capitalist. "Market capitalization loss of selected companies in the travel and entertainment sectors due to the coronavirus pandemic (COVID-19) worldwide in 2020 ." Chart. March 25, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1110330/loss-beach-stock-companies-coronavirus/
Visual Capitalist. (2020). Market capitalization loss of selected companies in the travel and entertainment sectors due to the coronavirus pandemic (COVID-19) worldwide in 2020 . Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1110330/loss-beach-stock-companies-coronavirus/
Visual Capitalist. "Market Capitalization Loss of Selected Companies in The Travel and Entertainment Sectors Due to The Coronavirus Pandemic (Covid-19) Worldwide in 2020 ." Statista, Statista Inc., 25 Mar 2020, https://www.statista.com/statistics/1110330/loss-beach-stock-companies-coronavirus/
Visual Capitalist, Market capitalization loss of selected companies in the travel and entertainment sectors due to the coronavirus pandemic (COVID-19) worldwide in 2020 Statista, https://www.statista.com/statistics/1110330/loss-beach-stock-companies-coronavirus/ (last visited August 24, 2024)
Market capitalization loss of selected companies in the travel and entertainment sectors due to the coronavirus pandemic (COVID-19) worldwide in 2020 [Graph], Visual Capitalist, March 25, 2020. [Online]. Available: https://www.statista.com/statistics/1110330/loss-beach-stock-companies-coronavirus/