Starwood Hotels & Resorts Worldwide, Inc. announced that President and Chief Executive Officer Frits van Paasschen and other members of the company’s senior management team will present Starwood’s business strategy, key initiatives and three-year financial outlook during the company’s 2010 Investor Day to be held this week in New York City.

Choice Hotels International announced Wednesday the launch of a new travel agent commission payment processing system. The system will run with the help of Dell Services.

AeroMexico, the only major Mexican airline left flying, is weighing whether to buy 10 planes from Boeing instead of leasing them as it expects consumer demand for air travel to increase in the near term, the company’s CEO said on Tuesday.

LAN Airlines S.A. has signed the definitive purchase agreement for the acquisition of 98.942 percent of the outstanding shares of Colombian airline Aires. Having completed the due diligence process, LAN will acquire Aires for $12 million in cash, in addition to assuming net liabilities of approximately $100 million, which includes $18 million of bank debt.

The U.S. hotel industry posted increases in all three key performance measurements during October 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy was up 6.9 percent to 61.3 percent, average daily rate ended the month with a 1.2 percent increase to $100.89, and revenue per available room for the month rose 8.2 percent to $61.89.

Shareholders of British Airways (BA) and Iberia have voted in favor of a merger between the two airlines. “We’ve had a strong relationship with Iberia for more than a decade and this merger will enhance both airlines’ strategic and financial positions, creating benefits for our customers, shareholders and staff,” said Willie Walsh, BA’s chief executive.