After opening four new resorts during the first three months of the ongoing year, Spanish hotel chain Sol Meliá’s benefits soared 30 percent for a grand total of €13.2 million.
Jamaica played host to the Eighth Annual Hotel & Tourism Investment Conference at the Ritz Carlton Golf and Spa of Montego Bay in an effort to bring more capitals to the region.
The event was organized by the Caribbean Hotel Association (CHA), the Caribbean Tourism Organization (CTO) and Burba’s Hotel Network for experts in the fields of economics, finance, investment and tourism development to discuss key issues for the advance of the region’s travel industry.
The Mexican travel industry, the country’s third-biggest source of income, reached a new milestone in March this year after netting over $1 billion worth of revenues for the first time ever in just one month, the nation’s Tourism Department revealed earlier this week.
From January to March this year, tourism raked in $2.9 billion, up 14 percent compared to the first quarter of 2003.
Gross revenues netted by Amadeus Global Travel Distribution, the worldwide booking network, tallied €63.1 million in the first quarter of 2004 for an eye-popping 40.2 percent growth from last year’s first three months, the National Stock Markets Commission reported today.
Sale earnings totaled €537.9 million in the first quarter of the ongoing year, compared to €503.5 million the company nabbed in the first three months of 2003 when it put up a 6.8 percent increase.
Chile’s LAN Airlines, the air carrier with the soundest spreadsheet all across Latin America, is hoping to reach out for the Argentine market this year by acquiring American Falcon, a U.S. low-budget air company.
Argentina is a strategic market for LAN in its bid to become the premier regional operator with flights all around the South American Cone, said Alejandro de la Fuente, LAN’s financial director.
NH Hotels netted €1.52 million worth of gross benefits in the first quarter of 2004 against €3.62 million in losses that the company endured in the same period of time last year, NH Hotels CEO Gabriele Burgio announced.
Mr. Burgio revealed these figures during the course of the Ordinary Meeting of the NH Board of Shareholders, whose members agreed to pour €29.9 million of the revenues reaped in 2003 into offsetting stockholders with €0.25 per share beginning on June 1.