Puerto Rico isn’t looking only to wealthy, tax-averse Americans for growth—tourism is also high on the list of ideas for boosting the economy. The U.S. territory wants to boost tourism’s share of gross domestic product to 8 percent from 6 percent over the next three years, an increase of $1.2 billion.

TUI AG Friday said it will buy the minority of UK-based holiday operator TUI Travel PLC that it doesn't already own in a deal worth about GBP2 billion, a move that ends years of speculation that it would eventually take full control of its travel unit.

Brazil, which turned into the city of soccer are forcing its tourists to dig deep into their wallets charging three times the normal tariffs and raking in the maximum moolah during the World Cup.

LATAM Airlines Group has released its first combined sustainability report since the merger between LAN and TAM. The report details important information about the airline group’s social, economic and environmental performance in 2013.

Antigua has been busy looking for alternatives to help the country survive in today’s economy. A recent announcement was made stating that the Caribbean nation has signed a deal with a Chinese company to launch a very large integrated resort and casino project.

At least 14 Virgin Airline employees based in the Caribbean will soon lose their jobs. The airline said Thursday that the job losses will be as a result of consolidation of its Caribbean operations into its North American head office. Virgin's Caribbean office is based in Barbados.