Ashford Hospitality Prime has completed its purchase of the Ritz-Carlton St Thomas for $64 million. The property will continue to be operated as a Ritz-Carlton.

A year after its originally scheduled opening date, the Bahamas' stalled Baha Mar resort appears to be getting progressively further from completion.

The attacks on Nov. 13 killed 130 people and injured more than 200 others. Prior to the attacks, the airline’s traffic numbers were tracking higher than during the same period last year. 

AccorHotels has signed an agreement for the acquisition of FRHI Holdings, parent of the Fairmont, Raffles, and Swissôtel brand.

The operating result (underlying EBITA) climbed by 22.9 percent to 1.069 billion euros. It amounted to €1.004 billion, up 15.4 percent.

Falling airfares are helping to support strong growth in global air passenger traffic, according to IATA.