Travelocity Business UK has sold its UK hotel and conference booking service to specialist Expotel for an undisclosed sum. It will continue to operate as a full service travel management company. Expotel has acquired the First Option name and existing hotel and conference clients.

Tourism generated nearly $20 billion in revenue for federal, provincial and local governments in Canada last year, up 4.3 percent from a year earlier despite a drop in visits and spending by foreign tourists and the first half-point cut in the GST which cut into federal tourism revenues.

TUI Travel has reduced its U.K. winter capacity by 28 percent, which has helped boost vacation prices an average of 10 percent, the U.K. travel company said in a trading update released Friday.

Fred Olsen Cruise Lines will refund fuel surcharges on cruises departing after Jan. 1 if the price of oil is, on average, less than $63 per barrel in the calendar month before a scheduled departure.

Oceania and Regent Seven Seas have eliminated fuel surcharges for all cruises departing in 2010. For 2010 cruises already booked, the surcharge will be removed from final payment balances.

Riviera Holdings Corporation reported net revenues for the third quarter of 2008 were $40.2 million, a decrease of $12.2 million, or 23 percent, from $52.4 million for the comparable period in the prior year.