Tour Stocks Surge as Consumers Spend Before India Summer: Chart

Tour companies and operators of vacation resorts in India had the best quarter in more than two years, and analysts forecast a strong holiday season ahead. One of the world’s fastest economic growth rates has led to an “unprecedented demand” for everything from airline seats to hotel bookings, according to Abhimanyu Sofat, vice president at Mumbai-based India Infoline Ltd. “Travel companies will have cash registers ringing this season,” he said.

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