Following the fall of British tour operator XL Group, British travel companies TUI Travel and Thomas Cook Group each said it was confident about meeting expectations for the year ending Sept. 30.
Marriott International, Inc. reported third quarter 2008 adjusted income from continuing operations of $123 million, an increase of 1 percent over the year-ago quarter, and adjusted diluted earnings per share (EPS) from continuing operations of $0.34, up 10 percent.
Analysis of Caribbean hotel performance by STR reveals a 5.6-percent RevPAR decline for 2008 through July. Hotel demand grew 0.4 percent during the period, however new supply growth and rate decreases led to decreased revenue for the region.
Vail Resorts reported net income of $102.9 million for the 12 months ended on July 31, compared with $61.4 million in the prior fiscal year. The company’s net revenue was up in all three areas: mountain (1.7 percent, to $685.5 million), lodging (4.7 percent, to $170.1 million) and real estate (163 percent, to $296.6 million).
Air France-KLM said it “duly noted” Jean-Cyril Spinetta’s wish to separate the posts of chairman and CEO.
AMResorts announced the launch of a new, ultra-premium brand –Origins Wellness & Spa Resorts. The first property to be included in the new collection will be the Riviera Maya’s 90-room Paraiso de la Bonita, a AAA Five Diamond property that is also a member of both Leading Small Hotels of the World and Virtuoso, affiliations that will continue under AMResorts’ management of the property. Paraiso de la Bonita will officially launch as Origins Paraiso de la Bonita in December, before Christmas.