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October 24, 2014 - 01:05 PM ET

The average third-quarter daily rate at Wyndham Worldwide increased 2.5 percent year over year to $72.34, according to the company. Systemwide occupancy increased 1.2 percentage points to 60.4 percent. The company's total system as of Sept. 30 consisted of 7,590 properties and 655,300 rooms, a 2.7 percent room increase compared with the end of the third quarter of 2013. The current development pipeline stands at more than 960 hotels and more than 116,000 rooms, the latter of which is 57 percent international and 66 percent new construction. The company reported net income of $206 million for the quarter, up from $187 million in the third quarter of 2013.

October 24, 2014 - 11:45 AM ET

The average daily rate at Choice Hotels International properties during the third quarter increased 3.4 percent year over year to $82.12, the company reported Friday. Systemwide occupancy increased 3.2 percent from the same period last year to 66.5 percent. The company executed 31 franchise agreements during the third quarter, an increase of 55 percent over the same 2013 period, and issued 85 relicensing and renewal franchise agreements, an increase of 18 percent year over year.  The company reported net income of $39.4 million for the quarter, up from $38.7 million in the third quarter of 2013.

October 24, 2014 - 09:15 AM ET

Delta Air Lines named Steven Larkin to a new sales director position responsible for corporate and agency accounts in Canada. Larkin's previous airline experience includes Virgin Atlantic Airways' regional manager for Canada and sales manager covering Western Canada for Singapore Airlines. More recently, he was CEO of Intrepid Travel, a group of travel adventure companies.

October 24, 2014 - 09:15 AM ET

Alaska Airlines in September was the most punctual among the major North American network carriers with an on-time arrival rate of 88.6 percent, according to FlightStats. On average, 82.2 percent of flights on North American carriers arrived at their gates within 15 minutes of their scheduled arrival time during the month. Among the eight largest U.S.-based carriers, excluding regional partners, JetBlue (86.7 percent), Delta (85.1 percent), Virgin America (84.6 percent) and US Airways (83.2 percent) had on-time performances above the average. Southwest Airlines (81.2 percent), American Airlines (79.5 percent) and United Airlines (78.1 percent) were below average, FlightStats reported.

October 24, 2014 - 09:05 AM ET

American Airlines on Thursday reported a third-quarter profit of $942 million, compared with a combined net income of $505 million in the third quarter of 2013 from standalone AA and US Airways Group. Consolidated passenger revenue per available seat mile increased 1 percent year over year, and operating costs increased 1.6 percent. Passenger yield increased 2.6 percent. Traffic measured in revenue passenger miles increased 0.3 percent and capacity measured in available seat miles increased 2 percent, contributing to a load factor decline of 1.3 percentage points to 83.4 percent.

October 23, 2014 - 02:55 PM ET

Southwest Airlines reported a record $329 million third-quarter net profit, up from $259 million for the same period last year. The airline attributed the growth to "strong revenues, lower jet-fuel prices and a solid cost performance." Total operating revenue rose nearly 6 percent year over year to $4.8 billion, with enplaned passengers up 4.3 percent and average fare up modestly to $160.74 from $159.39. Fuel expenses declined 4.4 percent year over year, with consumption flat and average cost per-gallon down.

October 23, 2014 - 01:20 PM ET

Alaska Air Group on Thursday reported net income of $198 million for the third quarter of 2014, compared with $289 million reported in the third quarter of 2013. Quarterly consolidated passenger revenue per available seat mile declined 1.1 percent. Traffic was up 7.6 percent year over year during the quarter, and capacity increased 8.1 percent, resulting in a load factor decline of 0.5 percentage points to 86 percent. Yield declined 0.6 percent year over year.

October 23, 2014 - 01:10 PM ET

U.S. Bank launched a mobile application that allows corporate travel and purchasing cardholders access to account information. The Access Online mobile app offers many of the features of U.S. Bank's data-management and reporting tool of the same name, such as the ability to display balances, transaction history and payment due dates. Future functionalities of the app will include security alerts, mobile receipt capture and payment capability, according to the company. The app is available to download for Android and iOS devices.

October 23, 2014 - 11:45 AM ET

The average daily rate at La Quinta Inns & Suites increased 4.6 percent year over year to $85.91 during the third quarter, the company reported Wednesday. Systemwide occupancy increased 2.8 percentage points to 71.7 percent, and the brand opened seven franchised hotels, including the company's 500th franchise property, according to La Quinta president and CEO Wayne Goldberg. As of Sept. 30, the company had a pipeline of 196 franchised hotels that totaled more than 16,000 rooms. The company reported a net income of $18.2 million for the quarter, down from $22.6 million in the third quarter of 2013, inclusive of a voluntary prepayment of $75 million on its senior secured term loan facility. 

October 23, 2014 - 11:25 AM ET

ATPI Group grew its travel and events management network with the addition of Romania's Business Travel Turism. According to ATPI, Bucharest-based Business Travel Turism for 22 years has served the corporate, incentive, events and leisure travel sectors. ATPI now claims wholly owned operations or partnerships in 42 countries.