Formerly serving as the US naval station Roosevelt Roads, the property includes prime Caribbean coastline with an airfield and waterfront development.

Puerto Rico isn’t looking only to wealthy, tax-averse Americans for growth—tourism is also high on the list of ideas for boosting the economy. The U.S. territory wants to boost tourism’s share of gross domestic product to 8 percent from 6 percent over the next three years, an increase of $1.2 billion.

TUI AG Friday said it will buy the minority of UK-based holiday operator TUI Travel PLC that it doesn't already own in a deal worth about GBP2 billion, a move that ends years of speculation that it would eventually take full control of its travel unit.

Brazil, which turned into the city of soccer are forcing its tourists to dig deep into their wallets charging three times the normal tariffs and raking in the maximum moolah during the World Cup.

LATAM Airlines Group has released its first combined sustainability report since the merger between LAN and TAM. The report details important information about the airline group’s social, economic and environmental performance in 2013.