Latin American airlines Avianca and TACA said on Wednesday they will merge and AeroMexico said it is looking at deals with rivals as carriers around the world struggle with a deep downturn.
Travel Pulse has learned that American Express has agreed to sell 12 travel services offices to Altour, though the offices will remain part of the American Express Retail Network through Altour’s relationship with American Express.
Royal Caribbean Cruises Ltd.’s share price has surged 200 percent over the last few months, after hitting its lowest point in more than a decade.
Ambassadors International Inc. has signed a definitive agreement to sell Queen of the West to Blue Spruce LLC, an affiliate of American Cruise Lines. The 142-guest Queen of the West most recently operated seven-night cruises on the Columbia and Snake rivers roundtrip from Portland, Ore.
Ultimate Escapes LLC, an Orlando vacation destination club, bought 49 properties with a combined appraised value of $50 million from Private Escapes LLC. Both companies specialize in high-end properties that are available in an assortment of locations.
Thomas Cook’s share price climbed 7p to 253p after creditor banks for insolvent German retailer Arcandor completed the placing of a 43.9 percent stake in travel firm, in one of the biggest share placing in Britain in recent years.