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Tourism companies on the stock market plunge

Tourism also hit by markets crisis

Meliá Hotels International fell more than 8.5%, 7.27% NH Hoteles, IAG 5.23% and a 3.99Amadeus another black day
Falls are general in Europe: Thomas Cook loses another 15%, 8.8% Accor, Tui 5.8%, Lufthansa4%, 4.9%, 5.2% Air France

Cutting note solvency in the U.S. by Standard & Poor's and the crisis of the risk premium in Spain and Italy, has increased fears of a slowdown in the economy and tourism, which showed strong tonow increased demand has been infected with these fears and how. None listed tourism company has escaped the general fall but that also falls in tourism businesses have been higher than other sectors.

In Spain the most dramatic fall has been to Melia Hotels International which has left a 8.59%. The other hotels listed on the Madrid park, NH Hoteles, has lost 7.27%. The alliance between British Airways and Iberia, IAG, has fallen 5.92% on the Madrid Stock Exchange and 5.1% on the London Stock Exchange which is also listed. Finally, Amadeus, tourism technology provider has not escaped either and have lost 4.18%.

The fear of a possible relapse into crisis makes investors look skeptically at a sector so exposed to exogenous factors such as tourism. That this market crisis occurs in summer adds more fuel to fire as many tourists do not summer for fear of what might come and that is tragic for the income statements of these companies were expecting a summer as before the crisis and are now in suspense.

The fall was not a Spanish case only, but has occurred in all European markets and has affected all businesses with tourism interests, although some more than others. The one that has fallen has been, once again, Thomas Cook with 15.8%. The English tour group continues its black months and action is in the 45p three times less than the price at which trading on 8 July.

Other notable falls are those of Tui Travel, 5.8% Accor 8.8%, 4% Lufthansa, Starwood 4.9%, China's Jin Jiang, a partner at Meliá, 4%, Air France May 1 , 2%, Russia's Aeroflot, 3.9%, 5.02% Delta Airlines, Hyatt Hotel Group, 3.9% Wyndham, 9.7%, Marriott, 5.3% and the main hotel chain in the world by number of rooms, InterContinental Hotels Group (IHG) 6.7%.


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