Hotel giant Accor’s board of directors has approved the demerger of the group’s two core businesses, Hotels and Services, and outlined the demerger process. The company said employee representatives have already responded to the demerger plan, which will be submitted to shareholders for approval at an extraordinary shareholders meeting on June 29, 2010.

Hyatt Hotels Corporation reported financial results for the fourth quarter and full year of 2009, reporting a loss of $12 million, or $0.07 per share, for the fourth quarter of 2009, compared to a loss of $142 million, or $1.11 per share, for the fourth quarter of 2008.

Flight comparison site Skyscanner reports that the biggest travel spenders are the Germans, but China is hot on their trail. With the world economy apparently on the road to recovery, tourism will play a huge part in many countries’ income and competition is high to capture the biggest share of that market.

Flight comparison site Skyscanner reports that the biggest travel spenders are the Germans, but China is hot on their trail. With the world economy apparently on the road to recovery, tourism will play a huge part in many countries’ income and competition is high to capture the biggest share of that market.

Flight comparison site Skyscanner reports that the biggest travel spenders are the Germans, but China is hot on their trail. With the world economy apparently on the road to recovery, tourism will play a huge part in many countries’ income and competition is high to capture the biggest share of that market.

Flight comparison site Skyscanner reports that the biggest travel spenders are the Germans, but China is hot on their trail. With the world economy apparently on the road to recovery, tourism will play a huge part in many countries’ income and competition is high to capture the biggest share of that market.

Flight comparison site Skyscanner reports that the biggest travel spenders are the Germans, but China is hot on their trail. With the world economy apparently on the road to recovery, tourism will play a huge part in many countries’ income and competition is high to capture the biggest share of that market.

Flight comparison site Skyscanner reports that the biggest travel spenders are the Germans, but China is hot on their trail. With the world economy apparently on the road to recovery, tourism will play a huge part in many countries’ income and competition is high to capture the biggest share of that market.

Flight comparison site Skyscanner reports that the biggest travel spenders are the Germans, but China is hot on their trail. With the world economy apparently on the road to recovery, tourism will play a huge part in many countries’ income and competition is high to capture the biggest share of that market.

Carlson Wagonlit Travel (CWT), the global business travel management company, said key performance indicators reveal the unusual challenges the travel industry and most other businesses confronted during the global recession of 2009.