Marriott International, Inc. reported third quarter 2007 adjusted net income of $122 million and adjusted diluted earnings per share (EPS) of $0.31. In the third quarter of 2006, adjusted net income totaled $144 million and adjusted EPS was $0.34.
It’s been almost exactly two years since US Airways bought America West and, as of Wednesday, the two airlines officially completed their merger, having been granted one operating certificate by the Federal Aviation Administration.
TUI Travel has acquired Seattle-based Starquest Expeditions, a luxury adventure travel operator, for an undisclosed amount. Starquest, which was founded in 2003, specializes in private jet tours with an average ticket price of $50,000 per passenger.
The Spanish hotel firm Playa Hotels & Resorts is pumping $14 million into a renovation program at the Barceló Punta Cana Resort in the Dominican Republic.
The Hyatt Regency in Grand Cayman will no longer operate and manage the Rum Point attraction on North Sound, effective November 1.
Cuba lost $1.9 billion this year due to the suspension of service of Pullmantur’s Holiday Dream, which stopped operating when Royal Caribbean Cruises bought the company last year, according to a report by Latin American news agency Prensa Latina.