The entertainment and travel industries have also been struck hardly by the Covid-19 pandemic. BEACH Stocks or booking, entertainment, airlines, cruises and hotels collectively faced a setback of $332 during the initial days of the pandemic. But, according to the researches, the tides for these companies are expected to be returning. Moreover, the rollout of the Covid-19 vaccine in the major parts of the world is a bright spark of hope for these industries.
The infographic below shows the difference between the market cap value that the BEACH Stocks have seen in one year and according to it, nearly 70 percent of the BEACH Stocks have outperformed exceptionally the S&P 500 which resulted in an amazing 43.7 percent return during the same period.
Currently, online entertainment is leading since around 20 states have legalized betting on sports and during the pandemic, gambling has been one of the favorite entertainment among the people. Penn National Gaming and Caesars Entertainment have witnessed an incredible growth of 661 percent and 832 percent, respectively in online betting.
Whereas, the airlines and hotels are the laggards because of the strict restrictions on traveling and social gatherings. The travel industry is predicted to reach the pre-pandemic levels not before 2024 whereas, with the disappearance of social gathering and hotel bookings, the hotels such as Hilton suffered a drastic decline of 58 percent in their sales. But, the hotel industry had already seen a decline right after the emergence of an extremely strong competitor Airbnb.
Infographic by: Visualcapitalist.com