During the budget debate in the National Assembly of Suriname a few weeks ago, it was revealed that state-owned Surinam Airways (SLM), which has been losing money for decades, will be privatized within the next two to three years.

The Grand Cayman Marriott Beach Resort has been purchased by Genbar Cayman Company, Ltd, in a deal arranged by CBRE Hotels.

Southwest Airlines agreed to pay $2.8 million to settle a lawsuit by the federal government over fuselage repairs that a contractor performed on dozens of planes.

Ashford Hospitality Prime has completed its purchase of the Ritz-Carlton St Thomas for $64 million. The property will continue to be operated as a Ritz-Carlton.

A year after its originally scheduled opening date, the Bahamas' stalled Baha Mar resort appears to be getting progressively further from completion.

The attacks on Nov. 13 killed 130 people and injured more than 200 others. Prior to the attacks, the airline’s traffic numbers were tracking higher than during the same period last year.