Fred Olsen Cruise Lines will refund fuel surcharges on cruises departing after Jan. 1 if the price of oil is, on average, less than $63 per barrel in the calendar month before a scheduled departure.
Oceania and Regent Seven Seas have eliminated fuel surcharges for all cruises departing in 2010. For 2010 cruises already booked, the surcharge will be removed from final payment balances.
Riviera Holdings Corporation reported net revenues for the third quarter of 2008 were $40.2 million, a decrease of $12.2 million, or 23 percent, from $52.4 million for the comparable period in the prior year.
Uniglobe Travel Center (UTC), the host agency division of Uniglobe Travel (USA) LLC, has acquired Magellan360, a host agency located in Glen Ellyn, Ill. Magellan360 supports 57 affiliates with approximately 85 travel professionals serving clients with both corporate and leisure travel.
Wyndham Worldwide Corporation reported revenues for the third quarter of 2008 were $1.2 billion, up 1 percent compared to the third quarter of 2007. The company also reported year-over-year EBITDA growth in each of its three business units during the third quarter of 2008.
Wyndham Worldwide Corporation reported revenues for the third quarter of 2008 were $1.2 billion, up 1 percent compared to the third quarter of 2007. The company also reported year-over-year EBITDA growth in each of its three business units during the third quarter of 2008.