Online travel stocks caught a break on Tuesday, as shares recovered a sliver of their losses after concerns that the "Brexit" vote signalled a long, painful holiday for companies with exposure to the U.K. and Europe travel markets. Expedia , Priceline , TripAdvisor and Sabre gained on Tuesday, but have not recovered losses following the vote. Priceline is the largest of the group, with a nearly $60 billion market cap, and has the greatest exposure to the U.K.
Priceline, Expedia, Tripadvisor Hope For End Of Bitter Brexit Holiday
twocents@thestreet.com (Chris Nolter), The Street
Wed, 06/29/2016 - 4:10am
Topics: brexit dan wasiolek u.k recent kayak softwware corp opentable inc u.s german trivago shares union ubs internet eric sheridan pacific crest securities brad erickson reactions sabre eps tripadivsor ubs's sheridan standard poor elton cerda fellow s&p andy liu shifting amsterdam bookings morningstar's wasiolek cheap u.s expe leisure expedia priceline tripadvisor june morningstar wasiolek europe u.k u.k u.s u.k london saber erickson click holiday travel exposure tuesday analyst site gained vote online recovered billion close markets losses drop pound positioned market revenue million purchase decline deals noted wrote agencies group
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