Sol Melia has announced company results for the financial year 2007 including a net profit of 161.9 million euros. Revenues increased by 7.2 percent to 1,347 million euros and EBITDA, although affected negatively by the devaluation of the dollar, rose to 349 million euros, a 7.1 percent increase over 2006.

TUI Travel PLC’s goal for its first full year in business is to significantly cut costs and focus on experience-driven vacations, not the low-cost “commodity space.” In September, TUI’s tourism division merged with First Choice Expeditions to create TUI Travel.

Carlson Wagonlit Travel has stated that it is now the world’s leading travel management company. CWT sales volume totaled $25.5 billion in 2007, up 30 percent year over year. Annualized new sales, excluding renewals, totaled more than $3 billion, breaking all previous CWT records.

Mexican airport operator ASUR will fight to take part in the bidding process for a planned airport in the Riviera Maya region which will drain passenger traffic away from its key runways at the resort of Cancun.

TripAdvisor, LLC, has acquired Holiday Watchdog, one of the most well-known user-generated travel sites in the U.K. Holiday Watchdog will continue to be operated as an independent site.

Carlson Wagonlit Travel (CWT), achieved significant growth in 2007, the company has announced. CWT also reported substantial progress and innovation in its four lines of business. CWT sales volume totaled $25.5 billion for 2007, an increase of 30 percent over 2006.