Geopolitics Alpha

Washington Ratchets up New Sanctions against Tourism in Cuba

Published . Updated .

Key takeaways

  • Exposed: XLY, BKNG, MAR, RCL, HLT
  • Market reaction: BKNG +2.2% on the day; XLY −0.7% on the day; RCL −2.5% on the day

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GEOPOLITICS ALPHAWashington Ratchets up NewSanctions against Tourism in CubaGEOPOLITICS ALPHA

This report is about travel.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLY Consumer Discretionary Select Sector SPDR+5.7% 30d

    Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “tourism” (travel) in this story.

  • BKNG Booking Holdings-6.3% 30d

    Booking Holdings (transportation services): travel firms move with tourism demand. Linked by “tourism” (travel) in this story.

  • MAR Marriott International+24.2% 9d

    Marriott International (hotels and motels): travel firms move with tourism demand. Linked by “tourism” (travel) in this story.

  • RCL Royal Caribbean Cruises+36.7% 30d

    Royal Caribbean Cruises (water transportation): travel firms move with tourism demand. Linked by “tourism” (travel) in this story.

  • HLT Hilton Worldwide Holdings+20.5% 30d

    Hilton Worldwide Holdings (hotels and motels): travel firms move with tourism demand. Linked by “tourism” (travel) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLY-2.29%-1.67%base-0.69%after closeafter closeafter close
BKNG-2.41%-2.22%base+2.17%after closeafter closeafter close
MAR-6.27%-4.01%base-0.03%after closeafter closeafter close
RCL-7.83%-3.39%base-2.46%after closeafter closeafter close
HLT-5.43%-2.17%base-0.29%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Washington Ratchets up New Sanctions against Tourism in Cuba Mises Institute

Source: Mises Institute

Select Sector Spdr Tr (XLY) since this story, compared with the market

CompanyWhenMoveStatus
Booking Holdings (BKNG)that day+2.17%final price
Booking Holdings (BKNG)three days earlier-2.22%final price
Booking Holdings (BKNG)five days earlier-2.41%final price
Hilton Worldwide Holdings (HLT)that day-0.29%final price
Hilton Worldwide Holdings (HLT)three days earlier-2.17%final price
Hilton Worldwide Holdings (HLT)five days earlier-5.43%final price
Marriott International (MAR)that day-0.03%final price
Marriott International (MAR)three days earlier-4.01%final price
Marriott International (MAR)five days earlier-6.27%final price
Royal Caribbean Cruises (RCL)that day-2.46%final price
Royal Caribbean Cruises (RCL)three days earlier-3.39%final price
Royal Caribbean Cruises (RCL)five days earlier-7.83%final price
Select Sector Spdr Tr (XLY)that day-0.69%final price
Select Sector Spdr Tr (XLY)three days earlier-1.67%final price
Select Sector Spdr Tr (XLY)five days earlier-2.29%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “Washington Ratchets up New Sanctions against Tourism in Cuba”

Companies tied to this story

  • XLY Select Sector Spdr Tr

    Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Washington Ratchets up New Sanctions against Tourism in Cuba.” Reason on file: Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “tourism” (travel) in this story

  • BKNG Booking Holdings

    Booking Holdings (BKNG) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Washington Ratchets up New Sanctions against Tourism in Cuba.” Reason on file: Booking Holdings (transportation services): travel firms move with tourism demand. Linked by “tourism” (travel) in this story

  • MAR Marriott International

    Marriott International (MAR) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Washington Ratchets up New Sanctions against Tourism in Cuba.” Reason on file: Marriott International (hotels and motels): travel firms move with tourism demand. Linked by “tourism” (travel) in this story

  • RCL Royal Caribbean Cruises

    In “Washington Ratchets up New Sanctions against Tourism in Cuba,” Royal Caribbean Cruises (RCL) is linked, with no stored direction, medium confidence. Reason on file: Royal Caribbean Cruises (water transportation): travel firms move with tourism demand. Linked by “tourism” (travel) in this story

  • HLT Hilton Worldwide Holdings

    Hilton Worldwide Holdings (HLT) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Washington Ratchets up New Sanctions against Tourism in Cuba.” Reason on file: Hilton Worldwide Holdings (hotels and motels): travel firms move with tourism demand. Linked by “tourism” (travel) in this story

How “Washington Ratchets up New Sanctions against Tourism in Cuba” reaches Select Sector Spdr Tr (XLY)

Select Sector Spdr Tr (XLY) is the company in “Washington Ratchets up New Sanctions against Tourism in Cuba,” the 3 Nov 2026 this story story.

For Select Sector Spdr Tr (XLY), the reason on file says Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “tourism” (travel) in this story

Also listed, Booking Holdings (BKNG): Booking Holdings (transportation services): travel firms move with tourism demand. Linked by “tourism” (travel) in this story

Price levels for Select Sector Spdr Tr (XLY)

BKNG traded between 146.28 and 168.48 across 20 sessions. The latest close on file is 153.85. MAR traded between 337.26 and 432.44 across 6 sessions. The latest close on file is 416.44. XLY traded between 110.58 and 119.20 across 20 sessions. The latest close on file is 118.15.

What the saved facts support for Select Sector Spdr Tr (XLY)

40 out of 100

“Washington Ratchets up New Sanctions against Tourism in Cuba” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.