Demand for U.S. hotel rooms is projected to contract in 2008 and 2009, resulting in lower growth rates for occupancy, average daily rate and revenue per available room compared with the prior year,...

NBTA Survey Points Toward Recovery

InterContinental Hotels Group on Tuesday reported that revenues increased 5 percent year over year to $421 million during the third quarter, with the company seeing global rate growth for the first time...

The U.S. Department of Transportation this past weekend tentatively approved the antitrust-immune joint venture proposed by American Airlines, British Airways and Iberia Airlines, through which those...

American Airlines and Qantas are abandoning plans for an expanded joint business agreement following the U.S. Department of Transportation's rejection of their antitrust immunity request, the carriers...

Travelport Limited announced today its intention to sell on the public market an unspecified ownership stake in its Orbitz Worldwide businesses, which include Orbitz For Business and the Travelport...

British Airways executives were here this week to brief analysts and media on the latest financial results--a pre-tax loss of £292 million (US$465 million) for the six months ended 30 September. CEO...

UBS analysts revised downward their 2009 total revenue forecasts for several U.S. airlines . American Airlines now is projected to experience a 7 percent year-over-year revenue decline. The United...