The total active U.S. hotel development pipeline comprises 2,835 projects totaling 310,387 rooms, according to the October 2011 STR/McGraw Hill Construction Dodge Pipeline Report.

TAM S.A. recorded an operating profit (EBIT) of R$ 553.3 million in the third quarter of 2011, the equivalent to an operating margin of 16.7 percent. Excluding a non-recurring accounting gain in the period, related to the recognition of tax credits to the value of R$ 426 million, the operating income was R$ 192 million, equivalent to a 5.8 percent margin. In the same months of 2010, excluding a non-recurring gain with the reversal of the provision of the taxes registered at the time, TAM had achieved positive operating result of R$ 275.8 million, with an operating margin of 9.5 percent.

Amadeus IT Holding, S.A., parent company of the Amadeus Group, a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry, has announced year-on-year financial and operating results for the year-to-date (nine months ended September 30, 2011).

Air France/KLM reported a 2.1 percent rise in revenues to 6.79 billion euros for the quarter that ended in September and operating results of 397 million euros. For the six months ending in September, it reported a 5.2 percent rise in revenues to 13 billion euros and operating results of 252 million euros.

Carlson Wagonlit Travel (CWT), a global leader specialized in managing business travel and meetings and events, announces that it has acquired Net Tour Viagens E Turismo Ltda (Net Tours) through its local Brazilian subsidiary, Wagons Lits Turismo Do Brasil Ltda (CWT Brazil). Net Tours, based in Sao Paulo, Brazil has provided travel management expertise to corporate travelers since 1995.

International Consolidated Airlines Group (IAG), the airline entity formed by the merger of British Airways (BA) and Iberia, has reached an agreement in principle to buy British Midland (BMI) from Deutsche Lufthansa.