Why Royal Caribbean, Carnival, and Marriott International Stocks All Slumped Today
It's the end of April, spring is here, and the geese are flying back north. Travel stocks, however, are heading south again.
In early morning trading, shares of hotel chain Marriott International (NASDAQ: MAR) dropped more than 5%, and cruise operators Royal Caribbean (NYSE: RCL) and Carnival (NYSE: CCL) dropped much more. By 12:25 p.m. EDT today, all three stocks remained down, with Royal Caribbean losing 5.1%. Carnival off 6.7%, and Marriott shedding 6.3%.
Image source: Getty Images.
Source Fool.com
