Worldwide: According to data by StockApps, the combined market capitalisation of Marriott, IHG, Hilton, Wyndham and Choice Hotels hit $79.2 billion in September – a $25.2 billion drop since the beginning of 2020.
Marriott International, the third-largest hotel chain by the number of hotels, is said to have witnessed the most significant drop in market capitalisation since the beginning of the year. In December, stocks stood at $49.51 billion – by the end of the second quarter, this halved to $24.25 billion.
Although September marked a recovery period to $33.86 billion for Marriott, this still represents a 31 per cent plunge since the beginning of 2020.
InterContinental Hotels Group, ranked as the fourth largest hotel chain globally, experienced a 21 per cent drop in market capitalisation. The group began the year at $12.3 billion in December 2019, which fell to $6.2 billion in March. This figure rose to $9.7 billion in September.
For Hilton, the group recovered to $25.28 billion in September from its initial $30.94 billion in December. In total, market capitalisation dropped by 18 per cent for the hotel chain.
Statistics show that IHG and Hilton lost a combined total of $8.3 billion in market capitalisation amid the coronavirus crisis.
Wyndham Worldwide, the largest hotel chain by the number of hotels, witnessed a $870 million plunge from the beginning of the year. In March, the company’s market capitalisation dropped from $5.89 billion to $2.93 billion. The second and third quarter brought recovery, with its combined value of stocks standing at over $5 billion in September.
Choice Hotels International is reported to have lost $440 million in market capitalisation. The company’s total value of stocks amounted to $5.76 million in December – this figure dropped to $5.32 billion in the last nine months.
StockApps was established in 2020 with the aim to be a financial educational hub for investors. Its website provides insights through guides and video tutorials on how to buy shares and invest in stocks.