Onex Corp.’s $5-billion acquisition could reshape Canada’s airline industry and bring in Air Transat in its fold at a later date, according to analysts.

Hotels in the Mexican Caribbean aren’t very happy right now as they’re reporting a 10 percent decline in reservations this summer compared to last year.

Airbnb, the online Facebook-like room renting service, is surging in popularity and importance in the U.S. Virgin Islands, allowing more and different tourists to visit and putting money in the pockets of Virgin Islanders.

This MOU establishes a framework of mutual collaboration and cooperation on areas of common interest; including marketing promotion and good faith engagement.

The UNWTO and Telefónica are aiming to make tourism more competitive and sustainable.

Transat says it is in preliminary discussions with more than one company concerning a potential transaction involving its acquisition.