Minister of Transport and Works, Michael Henry, says his ministry will re-engage the development of the domestic air transport sector, as a critical part of the multi-modal transport policy it is seeking to implement in Jamaica.
Amadeus and Iberia, the leading airline in Spain and the European-Latin American market, have agreed to extend their full content agreement until 2014. The agreement guarantees travel agents worldwide access to the entire range of Iberia content through Amadeus.
Investment firm Fletcher Asset Management has closed on the purchase of Arthur Frommer’s Budget Travel magazine and BudgetTravel.com.
While in attendance for a media luncheon hosted by representatives of the Starwood Caribbean Collection at the 2010 Caribbean Marketplace and learned of the company’s plans to open both the first W Retreat & Spa and the first St. Regis resort in the Caribbean.
Puerto Madryn in Argentine Patagonia expects a considerable fall in the number of cruise calls following Norwegian Cruise Lines decision to stop operating in the Valparaiso/Buenos Aires tour in the next 2010/2011 season.
U.S.-based buyout firm Carlyle Group bought 63.6 percent of CVC Turismo, Brazil’s largest tourism agency, for an undisclosed amount, as the private equity firm casts about for deals in fast-growing emerging market economies.