International Consolidated Airlines Group has released results for the year to December 31st, 2014, revealing the operating profit €1,390 million. This is up from €770 million in the previous year. Revenue for the year up was up eight percent to €20,170 million.

Carlson Wagonlit Travel has announced strong financial results for 2014, with the organization recording new business sales of US$1.6 billion in 2014.

Just a few weeks after buying Travelocity for $280 million, Expedia is at it again. The travel giant announced Thursday that it had paid the equivalent of $1.6 billion to acquire rival travel company Orbitz. Expedia has become a significant player in the Caribbean tourism industry.

China is planning to continue its housing construction project in Grenada. Grenada Housing Minister Delma Thomas said this week that the country’s government had signed a new agreement with China for “additional houses.”

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.