Continental Airlines announced last week it plans to distribute as many as $111 million worth of profits among the company’s employees.

Accor has recently sold GO Voyages to Financière Agache Investissement (Groupe Arnault) and to GO Voyages management for £281 million, representing a capital gain of around £200 million. The move is part of Accor’s decision to dispose of its non-strategic assets.

Lower results from its scaled back synthetic fuel business contributed to a 7 percent drop in fourth-quarter income for hotel operator Marriott International Inc., but the company’s earnings still surpassed Wall Street expectations.

Aided by strong cruise pricing, net income at Royal Caribbean Cruises (RCCL) clocked in at $46.6 million for the fourth quarter, but a less than optimistic forecast-partially based on a lackluster wave season so far for Royal Caribbean-has tempered enthusiasm.

Sabre Holdings Corporation posted $655 million revenue for the fourth quarter, up six percent year-over-year. Revenue for full-year 2006 was $2.8 billion, an increase of 12 percent year-over-year.

Hotel investment levels in Europe reached £21.6 billion in 2006 exceeding all expectations; 37.9 percent up on 2005 and more than doubling the deal volume of 2004.