Improving occupancy and rate performance across Spain has helped boost hotel values and drive recovery in the country's hotel and tourism sector, according to a new report from global hotel consultancy HVS.

Boeing projects the Latin American commercial aviation market will grow at one of the highest rates in the world over the next 20 years.

Marriott International and Starwood Hotels & Resorts Worldwide have announced that the boards of directors of both companies have approved a definitive merger.

Brand USA generated more than two million incremental visitors to the US from around the globe over the past two years.

EU regulators will suggest loosening limits on the foreign ownership and control of European airlines to encourage investment from non-Europeans and give a boost to the aviation sector.

Expedia has agreed to acquire HomeAway, including all of its brands, for an equity value of approximately $3.9 billion in cash and Expedia common stock, representing a per share price for HomeAway shares of $38.31 , based on Expedia's closing price on November 3, 2015 .