Why MGM Resorts, Park Hotels & Resorts, and Marriott Stocks All Dropped Today
Shares of hotel chain giant Marriott International (NASDAQ: MAR) dropped 6% in early trading Tuesday, followed by even bigger drops of 10% and 12% at casino operator MGM Resorts (NYSE: MGM) and hotel REIT stock Park Hotels & Resorts (NYSE: PK). As of 11:20 a.m. EDT, Marriott is off only 4.1%, MGM is down 5.7%, and Park is down 3.6%.
But why did these three hotel stocks fall in the first place?
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Source Fool.com
