During this year’s 36th Annual Tianguis Turistico, taking place March 25 to 29, 2011, in the Acapulco Convention Center, the Mazatlan tourism officials announced a new investment of $12.3 million in tourism marketing to promote the destination throughout Mexico and in North America.

St Lucia receives annual tourism revenues in excess of 31 percent of its gross domestic product (GDP), while in Bahamas and Antigua and Barbuda tourists spend the equivalent of 29 percent of these countries’ GDP. Those three Caribbean nations top the list for the share of inbound visitor consumption in the region, according to data published today by ECLAC.

Barnes Bay Development Ltd. filed a Chapter 11 plan in the United States Bankruptcy Court for the District of Delaware to facilitate the sale of the Viceroy Anguilla Resort and Residences in Anguilla. The property is owned by a Starwood Capital Group-controlled affiliate, which holds a $358 million mortgage on Viceroy Anguilla and expects to acquire the resort. Barnes Bay asked the court for the sale to take place in Anguilla in compliance with Anguillan law, which will result in an auction open to any interested bidder.

One of the biggest eco-developments in Belize Real Estate reportedly sold 16 units in February in what is traditionally considered the weakest month for real estate. Benefiting from the renowned Caribbean weather and well-coordinated tours to potential buyers, Sanctuary Belize reported that lots were selling at a far quicker rate than originally forecasted.

Lufthansa Group closed the 2010 financial year with revenue of 27.3 billion euros, compared to 22.3 billion euros in 2009, according to preliminary figures. Despite adverse one-off factors, the airline group’s operating profit came to 876 million euros, compared to 130 million euros in 2009. Net profit attributable to shareholders of Deutsche Lufthansa AG amounted to 1.1 billion euros, compared to a loss of 34 million euros in 2009.

Runaway Bay Developments, owner of SuperFun Beach Resort and Spa in the Runaway Bay section of Jamaica’s north coast, has been placed into receivership by creditors led by four banks, which are seeking to recover $20 million in debt, according to local press reports. The property has been put up for sale by its receiver, PricewaterhouseCoopers.