
Amadeus has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector. The other 50 percent of Rumbo will continue to be owned by Telefónica, the Spanish telecommunications company.
Amadeus has agreed to sell its 50 percent stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector.
Travelzoo, an Internet publisher of travel deals, recorded a net income of $9.1 million in 2007, a 45 percent drop from the year prior, when it earned $16.8 million. The company’s fourth-quarter net income fell 89 percent, as Travelzoo earned just $46,000 in that quarter.
Kuoni Travel Holding and Swiss International Air Lines are to embark on a comprehensive strategic partnership. The customers of both companies will benefit from the wider range of products and services that the collaboration should provide as the two companies stated. The partnership will also enable Kuoni and SWISS to focus on their respective core competencies.
According to a report in the Detroit Free Press, a merger between Delta Air Lines and Northwest Airlines appears imminent. Ray Neidl of Calyon Securities said Delta was pressing hard to begin the merger process, according to the Free Press story.
American Airlines has launched a web page specifically for South Floridians, which offers weekly specials to the Bahamas and other Caribbean destinations. The bargain fares could prompt travelers to make more last-minute travel plans.
As the new Chairman of CARICOM, Prime Minister Hubert Ingraham is expected to shift the focus of the Caribbean Community’s agenda over the next six months from economic integration to tourism.