High travel taxes affecting regional air travel are a necessary evil, according to Caribbean Community (CARICOM) chairman – Prime Minister Ralph Gonsalves of St Vincent and the Grenadines.

Florida has opened its first trade and investment office in Shanghai, as China's third-largest trading partner in the United States aggressively seeks to lure Chinese investors by showing it's more than just a state for tourism.

International air trade statistics recently released by the U.S. Department of Commerce showed another year of growth at Miami International Airport, America’s number one airport for international freight.

Virgin has secured most of the US$1.7 billion funding needed to launch Virgin Cruise, some of which has come from investors in the Arabian Gulf. The capital will be used to build a cruise fleet from scratch to work in the Caribbean and Mediterranean markets and will be headquartered in Miami.

A travel tax specialist has suggested the reforms to air passenger duty announced by the Chancellor George Osborne yesterday could lead to debate on some of the other distortions caused by the tax.