So what does this week's announcement that a potential Covid-19 vaccine was 90 percent effective mean for the theme park and travel industries?
At first glance, it appears to be nothing but good news. Travel and theme park-related stock prices surged after the announcement, with Cedar Fair rising 24 percent yesterday, followed by Six Flags up 18 percent, SeaWorld up 16 percent, Disney up 12 percent, and Universal owner Comcast up 6 percent. Most of those stocks have given back a bit of those gains today, but the financial market clearly sees this vaccine announcement as a sign that the theme park industry is now primed for recovery.
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