Every single name in travel and leisure now shows a negative 30-day change — a full rotation from two scans ago, when Expedia ($EXPE), Booking Holdings ($BKNG), and Airbnb ($ABNB) were all comfortably positive. Expedia's reversal is the sharpest: it went from the sector's best 30-day performer by a wide margin (+11.57%) to -0.84%, and its death cross is now confirmed. Booking also confirmed a death cross this week and its regime classification downgraded to downtrend. On the other side of the ledger, Marriott ($MAR), Hilton ($HLT), Royal Caribbean ($RCL), and Carnival ($CCL) all posted RSI recoveries after last scan's rollover — none has turned its 30-day change positive yet, but the week-over-week bounce was broad. Airbnb had its worst week in the sector (-3.34%) but remains the group's closest name to a 52-week high.

Data as-of 2026-07-24 close (all eight tickers, current); scan run 2026-07-25. All numbers from precomputed summaries/travel-leisure.json. Prior scan: 2026-07-17-travel-leisure (2026-07-17 close).

The sector effectively swapped leaders and laggards this week. Marriott, Hilton, Royal Caribbean, and Carnival — the four names flagged as deteriorating two scans ago — all posted meaningful RSI recoveries and, in three of four cases, positive weekly prints. None of the four has flipped its 30-day change positive yet, but the direction of travel improved across the board. At the same time, the sector's prior leaders reversed hard: Expedia's 30-day change collapsed from the best in the group to outright negative, Airbnb posted its worst week of the cluster, and Booking gave back its own recent improvement while confirming a death cross.

The net effect is that every one of the eight names in this watchlist is now negative on the 30-day measure — a state that didn't exist two scans ago, when three names were still solidly positive. Norwegian Cruise Line remains the sector's biggest laggard on distance from its 52-week high, deepening further to -31.16%. Airbnb, despite its rough week, is still the name closest to a new high at -8.82%.

• Marriott: RSI 42.2→51.1 (back above 50), trend unchanged (weak-down), 7D -2.62%→+2.24% (turned positive), 30D -7.56%→-2.38% (improved), 52wkHi -10.89%→-11.32% (slightly wider).
• Royal Caribbean: RSI 46.3→51.9, trend unchanged (strong-up), 7D +0.56%→+2.29% (improved), 30D -8.18%→-8.54% (roughly flat, still deeply negative), 52wkHi -21.7%→-22.67% (widened).
• Booking: RSI 55.7→50.8, trend unchanged (weak-up), regime downgraded to downtrend, 7D +1.84%→-2.32% (reversed), 30D +5.76%→-2.09% (flipped negative), 52wkHi -21.62%→-25.44% (widened), death cross now confirmed.
• Airbnb: RSI 53.8→46.6, trend unchanged (strong-up), 7D -1.78%→-3.34% (worst week in the sector), 30D +2.51%→-2.29% (flipped negative), 52wkHi -3.25%→-8.82% (widened, still closest to 52wk high in the group).
• Expedia: RSI 59.2→51.5, trend unchanged (up), 7D -0.76%→-3.29% (worsened), 30D +11.57%→-0.84% (flipped negative, lost its best-in-sector crown), 52wkHi -11.53%→-15.2% (widened), death cross now confirmed.
• Hilton: RSI 38.0→44.1 (recovery), trend unchanged (weak-down), 7D -4.22%→+1.14% (turned positive), 30D -7.89%→-5.37% (improved), 52wkHi -10.25%→-10.56% (roughly flat).
• Carnival: RSI 42.3→45.2, trend unchanged (strong-down), regime downgraded to downtrend, 7D -1.57%→-0.3% (improved, still negative), 30D -14.45%→-8.92% (improved, still one of the worst in the sector), 52wkHi -22.39%→-25.74% (widened).
• Norwegian Cruise Line: RSI 48.8→49.0 (roughly flat), trend unchanged (weak-up), regime unchanged (downtrend), 7D -0.76%→-0.46% (roughly flat), 30D -4.79%→-7.81% (worsened), 52wkHi -28.4%→-31.16% (widened, still the sector's biggest laggard).

RSI (Relative Strength Index) gauges how aggressively a stock has been bought or sold over roughly the past two weeks, on a 0-100 scale — under 30 signals an oversold, potentially undervalued stretch; over 70 signals overbought, extended risk; readings in between are neutral. The color icons below track that scale: green marks oversold/healthy, yellow marks neutral, orange marks approaching overbought, red marks a breakdown or extreme overbought reading. Trend reflects a stock's structural direction based on its moving averages (strong-up, weak-up, weak-down, strong-down); vs SMA20 shows how far price sits above or below its 20-day average; 52wkHi shows the distance below the stock's own one-year high — the closer to zero, the closer to a new high.

HOTELS AND CRUISE LAGGARDS BOUNCE: MAR, HLT, RCL, CCL ALL RECOVER RSI: Marriott ($374.43, RSI 51.1, was 42.2) and Hilton ($324.97, RSI 44.1, was 38.0) both posted meaningful RSI recoveries and positive weekly prints after last scan's structural downgrades — Marriott is back above RSI 50. Royal Caribbean ($293.54, RSI 51.9, was 46.3) also recovered RSI and improved its weekly print, though its 30-day change stayed roughly flat at a deep -8.54%. Carnival ($26.33, RSI 45.2, was 42.3) had a calmer week (-0.3%, was -1.57%) and its 30-day decline improved from -14.45% to -8.92%, though it remains the sector's steepest trend classification (strong-down).

THE LEADERS COOL HARD: EXPEDIA LOSES ITS BEST-30D CROWN: Expedia ($259.94, RSI 51.5, was 59.2) was the sector's standout 30-day performer last scan at +11.57%; that flipped to -0.84% this week, and its previously unresolved death cross is now confirmed. Airbnb ($141.10, RSI 46.6, was 53.8) posted its worst weekly decline in the sector (-3.34%) and its own 30-day change flipped negative (-2.29%, was +2.51%), though it remains the group's closest name to a 52-week high at -8.82%.

BKNG CONFIRMS DEATH CROSS, DOWNGRADES TO DOWNTREND: Booking ($177.46, RSI 50.8, was 55.7) reversed a modest weekly improvement from last scan into a negative print (-2.32%), its 30-day change flipped negative (-2.09%, was +5.76%), its regime classification downgraded to downtrend, and its death cross is now confirmed — three separate structural signs of deterioration in a single scan.

EVERY NAME IN THE SECTOR NOW SHOWS A NEGATIVE 30-DAY CHANGE: Two scans ago, Expedia, Booking, and Airbnb were all comfortably positive on the 30-day measure. This scan, all three flipped negative alongside the five names that were already negative — meaning all eight names in the watchlist now carry a negative 30-day change. Norwegian Cruise Line remains the deepest laggard on distance from its 52-week high (-31.16%), widening again this scan.

Does the hotel and cruise recovery (Marriott, Hilton, Carnival, Royal Caribbean all improving on RSI this week) continue, or was it a one-week bounce? Does Expedia's reversal from the sector's best 30-day performer to negative mark a real trend change, or a pause? With every single name in the group now negative on 30-day change — a state that didn't exist two scans ago — does the sector find a floor next week, or does the rollover deepen further?

• Tape data (price/RSI/SMA/returns): pre-computed summaries as of the 2026-07-24 close — travel-leisure.