In late 2019, Booking Holdings ($BKNG, who run the popular booking dot com website) had a market capitalization of about $85 Billion. At that time nobody knew that a virus would lock down the world and make the travel industry grind to a halt.
Now we are somewhere in the middle of the pandemic. Travel was down to something like 30% of the previous year in 2020 and bookings are still down to less then 50% this year.
How much should the valuation of $BKNG be down - I would say about 20%.
Yet, Booking Holdings now has a market cap of about $95 Billion. Up more then 20%. So we might assume that the Dollar lost something like 30% of its value. And that airlines not only lost the round about 40% value we see in their stock prices. But over 50%.
Submitted March 07, 2021 at 02:07AM by ArtTimeInvestor https://ift.tt/3qpDUqM
