In a new white paper, the American Antitrust Institute (AAI) examined the complex issues for travel distribution involved with the proposed Google/ITA merger which could lead to an “unregulatable monopoly.”
Sol Meliá and Jin Jiang International Hotel Company, the leading Chinese hotel chain and second-largest travel agency group in China, signed a strategic agreement to cooperate in marketing, sales, operations and development which will allow both chains to grow in the markets.
Intrepid Travel and TUI Travel PLC have agreed to enter into a strategic venture that they say will create an independently managed global leader in adventure travel. The proposal will combine Intrepid Travel with TUI Travel’s international portfolio of adventure brands to create PEAK Adventure Group.
Hyatt Hotels Corporation reported fourth quarter 2010 adjusted EBITDA was $118 million compared to $104 million in the fourth quarter of 2009, an increase of 13.5 percent. Net income attributable to Hyatt was $6 million, or $0.03 per share, compared to net loss attributable to Hyatt of $12 million, or $0.07 per share, in the fourth quarter of 2009.
The Brazilian National Civil Aviation Agency (ANAC) has published its operational data for the month of January 2011. In the domestic Brazilian market, which includes data from Pantanal, TAM Airlines maintained its market leadership, accounting for a 43.4 percent market share due to the growth in demand (in RPK) of 17.3 percent, combined with an increase of 12.3 percent in supply (in ASKs), compared to January 2010, which resulted in an increase in load factors of 3.3 p.p. to 79.1 percent, the best rate since July 2006.
Copa Holdings, S.A. parent company of Copa Airlines and Copa Airlines Colombia, has announced financial results for the fourth quarter of 2010 and full year 2010. Copa Holdings reported net income of $92.8 million for fourth quarter, or earnings per share (EPS) of $2.11, as compared to net income of $70.4 million, or EPS of $1.60, in the fourth quarter of 2009, an increase of 31.8 percent.