Hyatt Hotels Corporation reported fourth quarter 2010 adjusted EBITDA was $118 million compared to $104 million in the fourth quarter of 2009, an increase of 13.5 percent. Net income attributable to Hyatt was $6 million, or $0.03 per share, compared to net loss attributable to Hyatt of $12 million, or $0.07 per share, in the fourth quarter of 2009.
The Brazilian National Civil Aviation Agency (ANAC) has published its operational data for the month of January 2011. In the domestic Brazilian market, which includes data from Pantanal, TAM Airlines maintained its market leadership, accounting for a 43.4 percent market share due to the growth in demand (in RPK) of 17.3 percent, combined with an increase of 12.3 percent in supply (in ASKs), compared to January 2010, which resulted in an increase in load factors of 3.3 p.p. to 79.1 percent, the best rate since July 2006.
Copa Holdings, S.A. parent company of Copa Airlines and Copa Airlines Colombia, has announced financial results for the fourth quarter of 2010 and full year 2010. Copa Holdings reported net income of $92.8 million for fourth quarter, or earnings per share (EPS) of $2.11, as compared to net income of $70.4 million, or EPS of $1.60, in the fourth quarter of 2009, an increase of 31.8 percent.
Turks and Caicos Reservations, the only locally-based e-marketing and tourism reservation service focused exclusively on the Turks and Caicos Islands, is partnering with the Tuscany on Grace Bay to enhance sales and marketing of the resort, which was most recently ranked 7th best hotel in the world by TripAdvisor.
Tourism Minister, the Hon. Edmund Bartlett has urged other destinations in the Americas to pursue marketing support arrangements with airlines to ensure airlift security. Minister Bartlett, who was one of the presenters at the Routes Americas Strategy Forum held in Santo Domingo, Dominican Republic on the weekend, noted that “the new architecture of the aviation industry demands partnerships to ensure route security, as spiraling costs diminish yields and threaten their profitability.”
Wyndham Worldwide Corporation reported fourth quarter revenues increased 3 percent from the prior year period to $937 million. Excluding the $47 million of vacation ownership revenue associated with the percentage-of-completion (POC) accounting method in the fourth quarter of 2009, fourth quarter 2010 adjusted revenue growth was 8 percent. The company said its adjusted revenue growth reflects continued sales momentum across its three business units and incremental contributions from acquisitions.




