Japan Airlines and American Airlines will begin their joint venture April 1, based on the expected start of revenue-sharing on applicable trans-Pacific flights. The airlines, after receiving regulatory approvals from the Japanese government and the U.S. Department of Transportation, are using a phased approach to bring more travel choices and greater benefits to consumers as quickly as possible and to maximize the value for stakeholders.

Chile’s LAN has announced an agreement with the Australian budget airline, Jetstar, owned by Quantas airways. The agreement means that LAN will use Jetstar’s network to service flights to destinations in Asia and Oceania.

The Rezidor Hotel Group has announced a third consecutive record year of openings: in 2010, the company opened 7,200 rooms and exceeded their results for 2008 (6,500 rooms) and 2009 (7,100 rooms).

Brazil Hospitality Group acquired Brascan Imobiliaria Hotelaria e Turismo S.A., the owner of the Hotel Intercontinental on Avenida Prefeito Mendes de Morais in Rio de Janeiro, with plans to renovate the property in 2011.

Carnival Corporation & plc reported net income of $2 billion, or $2.47 diluted EPS, for the full year ended Nov. 30, 2010, compared to net income of $1.8 billion, or $2.24 diluted EPS, for the prior year. Revenues for the full year 2010 were $14.5 billion compared to $13.5 billion for the prior year.

The International Air Transport Association (IATA) said international scheduled traffic results for November showing 8.2 percent year-on-year passenger traffic growth and a 5.4 percent increase for freight. Passenger load factor for November averaged 75.6 percent while the freight load factor stood at 55.2 percent for the month. But traffic growth in November slowed from the 10 percent increase recorded in the passenger business and the 14.5 percent growth in freight in October.