Vail Resorts reported a 33 percent drop in second-quarter profit due to a slow start to the Colorado ski season, fewer real estate transactions and lower lodging revenue. Net income for the three months ended Jan. 31 fell to $40.7million, from $60.5 million a year earlier. Revenue was down 23 percent, from $388.8 million to $300.5 million.

While experts are indicating that the number of empty shops on Britain’s high streets has risen - the percentage currently stands at 12.4 percent, up from 10 percent in the middle of 2009, Thomson and First Choice have outlined plans to open approximately 30 new shops over the next two years.

Panama-based airline Copa Holding SA expects to see double-digit growth in the number of passengers this year as the carrier adds airplanes and flight frequencies with Latin American economies recovering, according to a top official.

Amadeus has announced the results of its recent survey inviting North American travel agents to share their outlook on the travel industry and how emerging trends are poised to reshape their business as the economy begins to recover.

The International Air Transport Association (IATA) has cut its loss forecast for major airlines for 2010 to $2.8 billion, compared to the $5.6 billion loss forecast in December 2009. IATA said the improvement is largely driven by a much stronger recovery in demand seen by year-end gains that continued into the first months of 2010. Relatively flat capacity translated into some yield improvement and stronger revenues.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. said that total passenger traffic for February 2010 decreased by 6.9 percent when compared to February 2009. Transit and general aviation passengers are excluded.