Following a drop in demand and financial losses, Boeing, the world’s largest plane manufacturer, maybe looking to end the production of one of its most iconic aircraft, the 747.
Marriott International has reported net income of $247 million for the second quarter of 2016, compared to $240 million in the year-ago quarter.
The region’s hotels reported hotel occupancy of 64.7 percent in June, down 6.1 percent compared to June 2015, the single-largest slump in occupancy of any month this year.
Qatar Airways is to take up to a ten percent stake in oneworld partner LATAM, which will be acquired in connection with a capital increase. The transaction should be completed by the end of 2016.
The owners of Cap Juluca recently issued a written statement informing travel media that they were exploring the idea of selling the popular luxury resort on Anguilla.
The Reuters news service last week reported that Bain was exploring a sale in response to interest from two Chinese companies, Fosun Group and HNA Group Co. Ltd.




