Analysis

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How will the drop in the stock market rate affect listed companies?

3 min reading time

Published on 03/11/08 - Updated on 17/03/22

Hotel groups received a serious thrashing on the stock exchange. Of course they are not alone, but the drop in their prices is greater than that of the CAC, Dow Jones or Footsie indexes. Accor and Marriott show a drop by more than 45% since the beginning of the year.

The price of IHG, the least touched, lost “only” 38% whereas Starwood has lost 58% since January 1. The list of companies hit would be long, from Sol Melia to Shangri-La which each lost around 60% of their value. But one of the most impressive drops in the sector is contestably that of Las Vegas...

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