There’s a big new project coming to Portmore, Jamaica. Jamaica Prime Minister Portia Simpson Miller announced this week that the former Forum Hotel had been purchased by a Jamaican private sector group called Portmore Marina Development for $3.05 million USD.

The U.S. lodging industry will continue to achieve very strong growth in rooms revenue per available room (RevPAR) during both 2015 and 2016 according to the recently released March 2015 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons (PKF-HR is a CBRE company).

Nippon Yusen Kabushiki Kaisha, parent company of Crystal Cruises’ since its inception in 1988, has announced it has entered into an agreement with Genting Hong Kong to sell the organization. The acquisition is expected to close in the second quarter of 2015.

Thomas Cook Group and Fosun International Limited have signed a strategic partnership to build international cooperation across a number of business areas, with a view to accelerating Thomas Cook’s existing profitable growth strategy and creating the potential for new growth opportunities.

In both the third and fourth quarters increases were particularly impressive, exceeding 20 percent. Pipeline totals are still a long way from the peak of 5,438 Projects/718,387 Rooms set in 2007.

Enterprise Holdings announced today that it is expanding into Latin America with the appointment of Grupo ANC as an Enterprise Rent-A-Car franchise partner in Costa Rica, Guatemala and Nicaragua. The company also owns and operates National Car Rental and Alamo Rent A Car as well as its flagship Enterprise Rent-A-Car brand.