The International Air Transport Association (IATA) revised its 2010 industry outlook and is now projecting a profit of $8.9 billion, up from the $2.5 billion it forecast in June. But that may be the ceiling for airline profits, at least short term. In its first look into 2011, IATA estimates that profitability will drop to $5.3 billion.

Wyndham Worldwide said its Exchange & Rentals business unit, a worldwide leader in vacation exchange and European leader in vacation rentals, has agreed to acquire ResortQuest, a provider of full-service vacation rentals in the U.S.

The United States Hotel Industry Pulse Index increased 2.2 percent during August after edging up 2.5 percent during July, according to economic research firm e-forecasting.com in conjunction with STR.

Cruise West’s 120-passenger Spirit of Oceanus was sold to a Danish company, which renamed it the Sea Spirit and is making the ship available for a long-term charter.

Air France is reporting that some French air traffic controllers' trade unions will take part in the general strike set to begin in France on Thursday, Sept. 23. As a result, French Civil Aviation Authorities have limited the number of flights of all airlines.

Southwest Airlines has purchased shares in the UATP Network, becoming an active UATP Shareholder effective immediately. Southwest is a current UATP Merchant and accepts all UATP corporate cards in all sales channels.