Wyndham Worldwide Corporation, one of the world’s premier hospitality companies, announced last week results for the third quarter of the ongoing year. Revenue posted a double-digit increase, compared to the third quarter of 2005, with strong top-line growth across the company’s three businesses –Lodging, Vacation Exchange and Rental, and Vacation Ownership.

The sale of London City Airport to a US-led consortium will increase the volume of business travelers to London’s eastside, and directly impact on ExCeL London’s profile in International markets according to the venue’s CEO, Jamie Buchan. The Docklands airport was put up for sale earlier this year by Irish owner Dermot Desmond and an agreement has been signed with a consortium comprising AIG Financial Products Corp and Global Infrastructure Partners.

Starwood Hotels & Resorts Worldwide, Inc. reported EPS from continuing operations for the third quarter of 2006 of $0.71 compared to $0.18 in the third quarter of 2005. Excluding special items, EPS from continuing operations was $0.68 for the third quarter of 2006 compared to $0.58 in the third quarter of 2005. On the other hand, effective income tax rate in the third quarter of 2006 was 21.2 percent.

LAN Airlines reported its consolidated financial results for the third quarter and nine-month period ended September 30, 2006. All figures were prepared in accordance with generally accepted accounting principles in Chile and are expressed in U.S dollars. According to the financial report, LAN reported net income of $51.5 million for the third quarter of 2006, compared to net income of $23.8 million in the third quarter of last year.

More airlines are slashing fuel surcharge because of the weakening oil prices. Responding to what it calls “the easing conditions of fuel markets,” Austrian Airlines is the latest airline to announce cutbacks in its fuel surcharge for all roundtrip transatlantic flights. Philippine Airlines also said it would reduce its fuel surcharge, but only on domestic travel. The airline is planning to lower fuel surcharge per roundtrip flight in late October.

So far this year, the number of tickets sold via Lufthansa’s website has risen by as much as 50 percent worldwide. Many experts ask whether this improvement has come about due to a consumer-centric attitude and streamlined CRM technology. Simpler, faster and more informative, the revamped Lufthansa website with enhanced functionalities is now up and running.