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What is the star sector of the stock market that skyrocketed up to 46% this year?

What is the star sector of the stock market that skyrocketed up to 46% this year?

These are BEACH stocks that have recorded astonishing performance over the past 12 months thanks to strong growth in the travel and hospitality sectors.

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According to an analysis carried out by the platform investing and trading eTorothe sector travel and tourismthe calls BEACH valuesthey had a return six times higher than that of global equities in the last year.

According to this survey, while The global basket dedicated to tourism gained 46% in the last 12 months, the European basket of the same sector revalued by 24%. In the same period, the rise in global equities was only 7%.

“BEACH stocks have seen a staggering performance over the past 12 months thanks to strong growth in the travel and hospitality sectors. Air traffic saw a huge increase of 37% in 2023, driven by international travel. “Hotel bookings also skyrocketed by 80%, and the cruise industry saw a 50% rebound in passenger numbers, surpassing pre-pandemic levels in 2019,” Ben explained. Laidlerglobal markets strategist at eToro.

Which are the companies behind these impressive increases?

Among the companies with the best results in the global basket is Royal Caribbean (NYSE:RCL)with an increase of 84%, followed by Delta Airlines (NYSE:DAL) with an advance of 54% and Carnival (LON:CCL) Cruises with a growth of 43%.

In Europe, Melia Hotels stood out as the most profitable company, with a growth of 31%, followed closely by the travel agency EDreams (+27%) and Accor Hotels (+24%).

Source: Ambito

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