The total active U.S. hotel development pipeline comprises 3,118 projects totaling 327,693 rooms, according to the February 2011 STR/McGraw Hill Construction Dodge Pipeline Report. This represents an 11.1 percent decrease in the number of rooms in the total active pipeline compared to February 2010. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

The Bahamas Prime Minister Hubert Ingraham said recently that the government is “anxious” to recoup the $50 million it provided to help commence work on Phase I of the Lynden Pindling International Airport.

The Government is in discussions with the Inter-American Investment Corporation (IIC), a subsidiary of the Inter-American Development Bank (IBD), to access $10 million in funding to assist small hotels and medium-sized businesses that supply the tourism sector.

Brilla Group, a Miami-based private equity firm, announces that it has provided a $14 million structured lending facility to the world-famous Caribbean luxury resort Cap Juluca.

Vueling obtained a net profit of 45.99 million euros in financial year 2010. This amounts to a 66 percent increase on the results of the previous year (+27.78 million euros). The net margin stood at 5.7 percent, an increase of 1.1 points over that of 2009 (4.6 percent).

Chile announced Wednesday that cruise vessels operating in Chilean waters will benefit from significant rebates in port access and docking operations with the implementation of recent modifications to the ruling on rates and charges from the Maritime Transport and Merchant Navy Department.