Brazil’s leading airline, TAM SA (TAM), said Monday that it has acquired small local airline Pantanal Linhas Aereas SA for 13 million Brazilian reals ($7.3 million).
Carnival Corporation has posted net income of $193 million on revenues of $3.2 billion for its fourth quarter ended November 30, 2009. Company’s fiscal fourth-quarter earnings fell 48 percent amid falling yields. Net income for the fourth quarter of 2008 was $371 million on revenues of $3.3 billion.
Orient-Express Hotels Ltd., owners or part-owners and managers of 49 luxury hotels, restaurants, tourist trains and river cruise properties operating in 25 countries, has acquired a fifth property in Peru, an existing hotel in the Sacred Valley of the Incas.
Last year the buzzwords around holiday trends were staycations and glamping. However after another washout summer, despite the Met Offices predictions of a BBQ summer, for 2010 we’ll be heading to the sun. Thomson and First Choice predict that the biggest concern for British holidaymakers this year will be getting good value for money.
TUI Travel, one of Europe’s largest tour operators, reported an 11 percent increase in operating profit for the fiscal year ended Sept. 30. Operating profit rose to $735 million.
Orbitz now guarantees that its prices for prepaid hotel rooms will be the lowest on the Web. Customers who find their prepaid hotel room available for a lower price (before taxes and fees) on any site, including Orbitz, can receive a refund for the difference and a $50 discount on a future hotel or vacation package booking.