The Montserrat Development Corporation has named a new board of directors to help execute the company’s mandate of driving private sector growth. Its incoming chairman will be John Ryan, a local Montserratian businessman and former Financial Secretary for Montserrat’s government.

The average price of a hotel in London has risen by 26 percent compared to July 2011. One night in the capital will cost an average of 210 pounds, which is 114 pounds more than the average price of a hotel in the rest of Europe (96 pounds).

Two consortia looking to expand holdings in the global aviation infrastructure submitted final competing offers to privatize Puerto Rico's main airport as soon as the year's end, according to the Caribbean island's government.

Dan Hanrahan resigned as president and CEO of Celebrity Cruises, effective at the end of July, according to an announcement from Royal Caribbean Cruises Ltd. Widely regarded as a champion of the travel agent, Hanrahan started with RCCL 13 years ago as a marketing executive who helped create the Get Out There campaign.