Airbnb stock extends plunge, rival hotel shares also fall in aftermath of Russia's invasion of Ukraine

Shares of Airbnb Inc. ABNB, -9.20% took a 6.0% dive in premarket trading Thursday, putting them on track to suffer a fifth-straight decline, as Russia’s invasion of Ukraine has triggered selloffs in travel-related stocks. The home-rental company’s stock had already plunged 19.6% over the past four sessions. Among other hotel operators, shares of Hilton Worldwide Holdings Inc. HLT, -2.58% dropped 3.3%, Marriott International Inc. MAR, -2.97% sank 3.4%, Hyatt Hotels Corp. H, -4.23% fell 4.3%, InterContinental Hotels Group PLC IHG, -0.45% shed 4.5% and Wyhdham Hotels & Resorts Inc. WH, -1.86% slid 4.6%. The selloff comes as futures ES00, -2.33% for the S&P 500 SPX, -1.84% slumped 2.8% toward a nine-month low.

Source: Marketwatch

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