Travel News Report
Aug. 28, 2013

Expedia and Travelocity join forces
Zacks
Expedia Inc. and Travelocity recently announced a strategic long-term marketing partnership to strengthen the latter's core business. Financial terms of the deal were not disclosed. As per the agreement, Expedia will handle the majority of Travelocity's operations. It will pick up the orders for Travelocity, collect the fees from providers and pay Travelocity a commission for the sales generated on the Travelocity platform. In fact, Travelocity will now become more of a brand of Expedia's website than a true travel agency.More

Favorable long-term forecast for Texas economy
The Monitor
The Perryman Group's latest long-term forecast for Texas indicates that the state is likely to grow by almost $2 trillion (in real gross product) and add more than 6.4 million jobs by 2040. Continuing a long-time pattern, Texas is expected to outperform the nation.More

Texas Parks and Wildlife 2014 budget reflects legislative support
TMCnet
The Texas Parks and Wildlife issued the following news release: Funding to keep Texas State Parks open and provide grants for city and county parks, millions to aid the declining bobwhite quail and its grassland habitat, fisheries funding that benefits water resources, and dollars for conservation law enforcement are among the highlights of the 2014 budget approved by the Texas Parks and Wildlife Commission.More

Hotels.com: China world's biggest travel spender
Successful Meetings
Chinese travelers spent $102 billion on international travel in 2012, an increase of 40 percent from 2011 and enough to unseat the United States and Germany as the world's biggest travel spenders, according to Hotels.com, which published its second annual Chinese International Travel Monitor.More

US lodging industry capital expenditures to reach record levels in 2013
Successful Meetings
Capital expenditures for U.S. hotels are expected to exceed the prior record set in 2008, says a new trend analysis report. The report, written by Bjorn Hanson, divisional dean for the Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management at the New York University School of Continuing and Professional Studies, forecasts a total of $5.6 billion to be spent on capital expenditures this year.More