Sabre Holdings Corporation posted $655 million revenue for the fourth quarter, up six percent year-over-year. Revenue for full-year 2006 was $2.8 billion, an increase of 12 percent year-over-year.

Hotel investment levels in Europe reached £21.6 billion in 2006 exceeding all expectations; 37.9 percent up on 2005 and more than doubling the deal volume of 2004.

With prices in neighboring islands rising steadily and availability of land to develop becoming scarce, investment hunters should look to the Dominican Republic, according to a leading property investment company in Great Britain. It’s the second largest of the Caribbean Islands and prices are said to be not anywhere near a peak just yet.

Travel agents may soon have more luxury hotel options for clients looking to vacation in Grenada. The small Caribbean island nation is looking to build two new luxury hotels, and, if given the choice, wants to do so with Ritz-Carlton.

British Midland, the second largest airline at London's Heathrow airport, on Friday announced it acquired British Airways franchise airline British Mediterranean. CEO David Richardson will retain his position and report British Midland CEO Nigel Turner.

Best Western finished the fiscal year with 4,164 hotels in 80 countries and territories, including 2,395 hotels in the United States, Canada and the Caribbean, and 1,769 hotels internationally.