The World Travel and Tourism Council (WTTC) has given a warning that Great Britain risks dropping from its position as the world’s fifth largest travel and tourism economy, if the need for airport expansion is not addressed urgently.

Carnival Corp. & plc reported record net income for its third quarter ended August 31 of $1.38 billion, or $1.67 diluted earnings per share, compared to $1.23 billion, or $1.49 diluted EPS, in the same period last year.

When Richard Knorr is not busy designing top-notch retail malls or office buildings in Latin America and the United States, he is focusing on his dream of creating a major Caribbean resort. He is the mastermind behind the $1 billion development of the Roco Ki resort in the Punta Cana region in southeastern Dominican Republic.

Cruise pricing was up and Caribbean demand remained strong in August; however, bookings slipped in the same month from year-long highs reached during July, according to a monthly survey of travel agents by Bank of America investment analysts.

TUI AG and Carnival Corporation will withdraw their anti-trust filing with the relevant authorities for a joint venture to develop a new cruise brand. TUI and Carnival had planned a joint venture and had filed this with the relevant authorities.

Direct foreign investment, tourism and trade opportunities between the Bahamas and China topped the agenda during bilateral discussions between Bahamian and Chinese officials on Thursday. Zhivargo Laing, Minister of State in the Ministry of Finance, led the Bahamian delegation at the talks, while Chen Jian, Vice Minister of Commerce in the Ministry of Commerce, headed the Chinese delegation.