Avis Budget Group reported its revenue grew four percent to a record USD2.3 billion in its results for its second quarter (Q2) ended June 30.
The latest poll from HotStats revealed that hotels in the Middle East and Africa (MEA) recorded uplift in room occupancy levels.
Despite recording a 0.6 percent increase in total revenue in November 2017, profit per room at hotels in the UK fell by 1.1 percent due to escalating costs, according to the latest worldwide poll of full-service hotels from HotStats.
Wyndham Worldwide recently announced results for the third quarter of this year (Q3).
According to a recent study conducted by London School of Economics and Political Science and Inmarsat Aviation, inflight broadband has the potential to create a USD130 billion global market within the next 20 years, resulting in USD30 billion of additional revenue for airlines by 2035.
Aegean Airlines revealed a 12 percent surge in consolidated revenue in the first half the year, with EUR450.7 million, while total passenger traffic rose six percent year-on-year to 5.6 million travellers.
In the first six months of the year, Aeroflot recorded a revenue increase of RUB234.86 billion (EUR3.38 billion), a year-on-year increase of 4.9 percent.
Etihad Airways announced that in 2016, it registered a net loss of USD1.87 billion on USD8.36 billion in revenue as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline.
In the first half of this year (H1), RAK Properties achieved revenue surpassing AED211 million (USD57.45 million), while net profit soared 59 percent year-on-year to AED62 million (USD16.88 million).