TUI Group has released its first set of quarterly results since the merger of TUI AG and TUI Travel last year, revealing it narrowed losses in the first quarter.

Colombian capital Bogotá has unveiled plans for a second international airport, El Dorado II. Construction on the airport, build in the west of the city and designed to complement the existing El Dorado International Airport in the east, could begin as early as next year.

Drawing on the experience of an expert local management team, Ovation Portugal will operate high touch incentive and corporate meeting programs for international clients.

Expedia has announced it has acquired Travelocity from Sabre Corporation for $280 million in cash. The acquisition follows the 2013 strategic marketing agreement between Expedia and Travelocity under which Expedia has powered the technology platforms for Travelocity’s US and Canadian websites.

MasterCard Inc. said it would allow its cards issued in the United States to be used in Cuba, effective March 1. The United States announced sweeping new rules this month that will significantly ease sanctions on Cuba, opening up the  island to expanded U.S. travel, trade and financial activities.