Mexico plans to invest 180 billion pesos ($13.8 billion USD) in tourism infrastructure to turn the country into a global power in the industry, President Enrique Peña Nieto announced during the Tianguis Turístico Cancún 2014.

David Evans, who assumed leadership duties on April 22, 2014, acknowledged taxes are important to reinvest in aviation infrastructure, but he would like to see governments fully examine the overall economic and social impact of LIAT.

TripAdvisor has today announced it has acquired Vacation Home Rentals, a Massachusetts-based vacation rentals website. VHR runs over 14,000 properties in the world.

Walt Disney Company (DIS) is betting big on its prospects in mainland China, after it announced today that it would spend an additional $800 million to expand capacity and increase the number of attractions at its upcoming Shanghai Disney Resort.

The Public Transport Board has issued new permits for the first time since 2007 to cope with an anticipated surge in demand as cruise passenger volumes are expected to reach record levels over the next two years.

Tourism ministers from the Organization of Eastern Caribbean States (OECS) sub-region met in Dominica last week to discuss a number of tourism related issues now confronting the sector and identified joint solutions to some of these challenges.