Venezuela should urgently seek a solution to the $3.7 billion it owes to several international airlines, CEO of the International Air Transport Association (IATA), Tony Tyler, said during the annual meeting of his organization in Miami. The government in Caracas uses an intricate system, after which all payments for tickets go through a single office.

Top Caribbean tour operators are taking varied approaches as vacationers, hoteliers, government tourism officials and Bahamas sub-contractors and resort workers all await the much-delayed opening of the $3.5 billion Baha Mar development.

Iberia has announced a new partnership agreement with Avis Budget Group, which has become the exclusive car rental partner of the airline’s loyalty program, Iberia Plus. The partnership launch campaign, ‘We Travel Together’, highlights the opportunity for Iberia Plus members to earn Avios for every rental.

The buyers include Ctrip.com International, Ltd., Keystone Lodging Holdings Limited, Plateno Group Limited and Luxuriant Holdings Limited. According to Reuters, Ctrip said it purchased a 37.6 percent stake in competitor eLong at a cost of roughly $400 million.

Starwood Capital Group, owner of Baccarat Hotels & Resorts and the new 1 Hotels boutique brand, announced on Wednesday that it has acquired 50 economy extended-stay hotels.