FareCompare, the airfare monitoring web site, has reported the third domestic airfare hike in the past month and the first of the year. Domestic airfares have been increased between $4 and $10 roundtrip ($2 and $5 one way) based on flight distance.

American Airlines has won a court restraining order that temporarily blocks Sabre’s move to drop the carrier’s fares on Sabre displays. American said in its filing that Sabre’s move “violates agreements between American and Sabre and harms American, the travel agent community, and the traveling public.”

Japan Airlines and American Airlines will begin their joint venture April 1, based on the expected start of revenue-sharing on applicable trans-Pacific flights. The airlines, after receiving regulatory approvals from the Japanese government and the U.S. Department of Transportation, are using a phased approach to bring more travel choices and greater benefits to consumers as quickly as possible and to maximize the value for stakeholders.

Chile’s LAN has announced an agreement with the Australian budget airline, Jetstar, owned by Quantas airways. The agreement means that LAN will use Jetstar’s network to service flights to destinations in Asia and Oceania.

The Rezidor Hotel Group has announced a third consecutive record year of openings: in 2010, the company opened 7,200 rooms and exceeded their results for 2008 (6,500 rooms) and 2009 (7,100 rooms).

Brazil Hospitality Group acquired Brascan Imobiliaria Hotelaria e Turismo S.A., the owner of the Hotel Intercontinental on Avenida Prefeito Mendes de Morais in Rio de Janeiro, with plans to renovate the property in 2011.