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
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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 November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/1110330/loss-beach-stock-companies-coronavirus/ (last visited November 10, 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.ezproxy.canberra.edu.au/statistics/1110330/loss-beach-stock-companies-coronavirus/
