Morgan Stanley: Middle East conflict impact on European travel stocks seen as limited
Morgan Stanley analysts believe the Middle East conflict has a limited direct impact on European travel and leisure companies, with most exposure concentrated in specific sectors like global hotel operators and some cruise lines regarding Red Sea routes. While fuel costs and disruptions for specific companies like Carnival Corporation and TUI are noted, potential demand displacement from the Middle East to Europe could even lead to a slight increase in European hotel demand, particularly for winter sun destinations. However, a weakening of US demand for European travel could counteract some of these positive effects.
https://www.investing.com/news/stock-market-news/morgan-stanley-middle-east-conflict-impact-on-european-travel-stocks-seen-as-limited-93CH-4556518