Boeing Co. is set to raise its India market forecast as the planemaker expects surging travel demand in the world’s second-most populous nation to withstand a slowdown in economic growth and a fall in rupee.
It was billed as the first mass- transit Super Bowl, with 400,000 tourists gliding to the game in New Jersey by bus and train. Instead of enjoying a star turn, the region’s rail system has seen a week of equipment failures, unexplained delays and riders stranded in the cold.
Starwood Hotels & Resorts Inc.’s North American hotel occupancies are at a record, giving the owner of the Sheraton and W brands greater ability than ever to raise rates in the region, Chief Executive Officer Frits van Paasschen said.
Jet Airways (India) Ltd., the nation’s second-largest airline by market share, may place an order for 50 Boeing Co. aircraft worth $2.5 billion, Bloomberg TV India reported, citing people it didn’t identify.