(ANSA) – MILAN, 03 JUL – The variants of Covid curb optimism for seasonal tourism and the reaction is evident on the stock market: the shares of airlines and hotel groups are sold while all those companies that follow the trend ‘staycation’, proximity tourism rediscovered with the lockdown. Dometic, which supplies equipment for outdoor breaks, gained 3% in one month, Trigano, which manufactures mobile homes and caravans, 7.7% and both increased more than 30% this year.
Recreational oriented businesses also made money. UK bike dealer Halfords gained 15% in the last month and Spanish swimming pool manufacturer Fluidra 8% and they have each raised more than 60% this year.
Although vaccinations increase the Stoxx 600 Travel and Leisure Index has dropped 7% from its peak in April, making it one of the worst performing sectors in the past three months. (HANDLE).
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