The rest of 2008 and the coming year 2009 will have industry stakeholders anticipate a tumultuous period in the history of vacation ownership and the entire hospitality industry.
The European Union and 13 Caribbean countries signed a trade deal on Wednesday aimed at guaranteeing the region privileged access to Europe’s markets, the European Commission said.
American Airlines has announced that it has entered a new purchase agreement with Boeing and intends to acquire 42 B787-9 aircraft, scheduled for delivery beginning in 2012 and ending in 2018, with the right to purchase up to 58 additional 787s.
AMR, parent company of American Airlines, announced a third-quarter profit despite a $1.1 billion increase in fuel expenses thanks to the sale of an investment subsidiary. The company recorded a $432 million gain from the sale of American Beacon Advisors.
Nevada casinos compiled $934.1 million in gambling revenue for the month of August, an 8.1 percent decrease from the previous August, according to statistics from the state’s Gaming Control Board.
The unveiling of the final “neighborhood” aboard Oasis of the Seas, the world’s largest cruise ship launching in November 2009, is the center of a major joint promotion by American Express Travel and Royal Caribbean International.