Hotel, cruise shares dip in Europe and U.S. amid Iran conflict

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices jump 2% amid widening US-Israel conflict with Iran Oil prices surge after U.S.-Israel strikes on Iran; crude around $80/bbl likely Futures drop, oil spikes amid widening Mideast conflict - what’s moving markets Asia stocks slide as US-Iran strikes batter risk appetite (South Africa Philippines Nigeria) Hotel, cruise shares dip in Europe and U.S. amid Iran conflict By Scott Kanowsky Author Scott Kanowsky Stock Markets Published 03/02/2026, 05:07 AM Hotel, cruise shares dip in Europe and U.S. amid Iran conflict 0 IHG -3.96% ACCP -8.79% LCO 8.06% CL 7.58% CCL -3.52% RCL -2.50% Investing.com - Shares of European and U.S. hospitality companies sank on Monday, as investors braced for the impact of U.S. and Israeli strikes on Iran on travel through the Middle East region. Keep tabs on travel stocks with InvestingPro Paris-listed shares of hotel chain Accor , whose luxury locations in Dubai and Bahrain have been hit by retaliatory Iranian air attacks, slumped by more than 9% in early trading. InterContinental Hotels Group , or IHG, also dropped by over 4% in London dealmaking. In a note, analysts at Bernstein including Richard Clarke and Sabrina Blanc flagged that, along with the threat of attacks, these stocks will be directly impacted by the closure of airports in Dubai and Dhabi and subsequent flight cancellations. " Accor is most exposed here, with just under 10% of its rooms in the Middle East specifically, earning a much higher [revenue per available room] than its wider portfolio due to a higher chainscale mix," the Bernstein analysts said, referring to the distribution of hotel properties across different quality and price tiers within a specific portfolio, market, or development pipeline. "IHG is the second most exposed, although we would note with a greater weight on Saudi Arabia which has seen less impact than the UAE," they continued. For U.S. hotel groups, the Middle East remains a "relativel...