Just a few weeks after buying Travelocity for $280 million, Expedia is at it again. The travel giant announced Thursday that it had paid the equivalent of $1.6 billion to acquire rival travel company Orbitz. Expedia has become a significant player in the Caribbean tourism industry.

China is planning to continue its housing construction project in Grenada. Grenada Housing Minister Delma Thomas said this week that the country’s government had signed a new agreement with China for “additional houses.”

TUI Group has released its first set of quarterly results since the merger of TUI AG and TUI Travel last year, revealing it narrowed losses in the first quarter.

Colombian capital Bogotá has unveiled plans for a second international airport, El Dorado II. Construction on the airport, build in the west of the city and designed to complement the existing El Dorado International Airport in the east, could begin as early as next year.

Drawing on the experience of an expert local management team, Ovation Portugal will operate high touch incentive and corporate meeting programs for international clients.