In 2015, global travel and tourism sector added 7.2 million jobs to the global economy and contributed over $ 7.2 trillion in GDP, according to the latest economic impact report of the World Travel & Tourism Council.
 

Hyatt Hotels Corporation has entered into an agreement to purchase the 380-room Thompson Miami Beach hotel from an affiliate of Geolo Capital.

Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. announced today that the companies have signed an amendment to their definitive merger agreement that creates the world's largest hotel company.

Cuba Ventures Corp. announces that the Company has received regulatory acceptance for its change of business through the acquisition of a 100% interest in Travelucion S.L..

Global PR agency Weber Shandwick announced it has obtained a license from the U.S. Department of the Treasury that grants the Interpublic unit permission to pursue opening an office in Cuba.

The developer of the stalled Baha Mar resort has urged the Bahamas government to provide funding to help pay off creditors and potentially push the resort toward completion, after Bahamas Prime Minister Perry Christie said the project had little chance of opening anytime soon.