Lufthansa said that Austrian Airlines had accepted its offer for an expected equivalent of over 85 percent of the share capital of Austrian Airlines AG (not included in this figure are the shares held by Austrian Airlines AG).

The Walt Disney Company reported earnings for its second fiscal quarter ended March 28, 2009. For the second quarter, Disney reported revenues were $8.087 billion, down 7 percent; segment operating income was $1.526 billion, down 29 percent, and net income was $613 million, down 46 percent.

MLT Vacations will integrate the NWA WorldVacations brand with the Delta Vacations brand on July 6 when the company assumes management of Delta Vacations. MLT Vacations launched the NWA WorldVacations brand 20 years ago to support the sales and marketing efforts of Northwest Airlines.

Orient-Express Hotels Ltd., owners or part-owners and managers of 51 luxury hotels, restaurants, tourist trains and river cruise properties operating in 25 countries, announced its results for the first quarter ended March 31, 2009.

The U.S. hotel industry experienced its worst quarterly drop in revenue per available room (RevPAR) on the books during the first quarter of 2009, according to the latest data from Smith Travel Research.

The U.S. hotel industry experienced its worst quarterly drop in revenue per available room (RevPAR) on the books during the first quarter of 2009, according to the latest data from Smith Travel Research.