According to the latest Airbus Global Market Forecast (GMF), Brazil will need 1,060 new aircraft between 2012 and 2031. The 700 single-aisle, 310 twin-aisle and 50 very large aircraft forecasted have an estimated current market value of $160.7 billion.

The U.S. Travel Association said the travel industry is recouping jobs faster than other industries. David Huether, senior vice president of economics and research at the U.S. Travel Association, commented on the Nov. 2 Labor Department report that the unemployment rate was 7.9 percent for October. “Today’s jobs numbers are more good news for the travel industry. At 7.6 million jobs in October, the travel industry has created 296,000 jobs since December 2009—adding jobs in 29 of the past 34 months.

Spanish-based Fiesta Hotel Group has rebranded to Palladium Hotel Group, a change that comes as the company progresses into its fifth business decade. The new brand will encompass all of the group properties.

Grupo Aeromexico S.A.B. de C.V., the largest intercontinental airline in Mexico, reports operating statistics for September, 2012. Grupo Aeromexico transported 11 million 38 thousand passengers in the first nine months of 2012, which represents a 4.5% year-on-year increase driven by a 7.0% increase in international passenger traffic and a 3.6% increase in domestic passenger traffic.