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Improved performance of travel stocks in 2003

After two years of poor results, the prices of travel stocks in 2003 improved. Of the 17 tracked continually by…

After two years of poor results, the prices of travel stocks in 2003 improved. Of the 17 tracked continually byTravel Business Analyst, most increased in value. The 17 are: (airlines) – Air France, Alitalia, British Airways, KLM, Lufthansa, Ryanair. Hotels – Accor, Club Med, Hilton, Sol Melia. Others -Amadeus, Avis Europe, EuroDisney, Eurotunnel, Kuoni, Lastminute.com, and My Travel.



The five that lost value in 2003 were Ryanair, Avis Europe, EuroDisney, Eurotunnel, and My Travel. However, when compared against results in their local stock market, the results in 2003 were not so good – eight performed worse than their local stock markets (Alitalia, Lufthansa, Ryanair, Amadeus, Avis Europe, EuroDisney, Eurotunnel, My Travel); only nine did better.



SARS and the Iraq war are minor elements in these figures, as these are comparisons made on end-of-year prices. At end-2002, SARS was not known widely, and the fears over a war in Iraq were not great. Then by end-2003, both these `non-travel traumas` had come and gone.



The best three performers in 2003, starting with the best, were Lastminute.com, Sol Melia and British Airways; in 2002 they were Lastminute.com again, and two no longer listed – P&O Princess (sold to the Carnival group) and Finnair. The worst three in 2003, starting with the worst, were My Travel, Eurotunnel and EuroDisney, and in 2002 My Travel, Alitalia, and Sol Melia.

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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