The IHG Owners Association, the owners of InterContinental Hotels Group (IHG) hotels worldwide, named Glenn Squires chairman of the Board of Directors. He is a 30-year hospitality veteran and has served on numerous boards, committees and charitable organizations.

The Eurozone economic crisis is the biggest risk facing airline profitability, according to the International Air Transport Association, which downgraded its 2012 central forecast for airline profits from $4.9 billion to $3.5 billion for a net margin of 0.6 percent.

The U.S. and Canada have agreed on new processes to speed the border process for Canadian travelers visiting the United States while enhancing security. Cross-tourism business between the two nations generates nearly $16 billion in spending in the U.S. by Canadians.

One Concierge, a luxury concierge service and lifestyle brand, today announced the availability of concierge support and services in the British Virgin Islands, through an agreement with Island Concierge VI, a full service vacation planning and destination management service.

Bermuda named Wayne L. Furbert minister of business development and tourism, replacing Patrice K. Minors, who becomes minister of economy, trade and industry, announced Paula A. Cox, Bermuda’s premier. Minors, a member of Bermuda’s parliament since 2003, became tourism minister in November 2010 after serving as minister of health and family services.

The board of directors of the Tourism Development Company (TDC) has been dismissed. Sources close to the TDC board and the Ministry of Tourism confirmed that Tourism Minister Rupert Griffith met with the directors recently, following which they were informed that they needed to wrap up all outstanding board business by November 30.