+---+------------------------+-----------------------------------------+---+
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+---+------------------------+-----------------------------------------+---+
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+---+------------------------+-----------------------------------------+---+
|   | #######                |                                         |   |
|   |                        |                                         |   |
|   | ##                     |                                         |   |
|   | ##### TRAVEL INDUSTRY  |                                         |   |
|   | ASSOCIATION OF AMERICA |                                         |   |
|   |                        |                                         |   |
|   | **SUMMER FORECAST      |                                         |   |
|   | PREDICTS RECOVERY**    |                                         |   |
|   |                        |                                         |   |
|   | TIA\'s perennial       |                                         |   |
|   | media-favorite Summer  |                                         |   |
|   | Travel Forecast        |                                         |   |
|   | predicts               |                                         |   |
|   | across-the-board gains |                                         |   |
|   | in key travel          |                                         |   |
|   | indicators through     |                                         |   |
|   | August.                |                                         |   |
|   |                        |                                         |   |
|   | **U.S. GAINS MARKET    |                                         |   |
|   | SHARE FROM EUROPEAN    |                                         |   |
|   | COUNTRIES**            |                                         |   |
|   |                        |                                         |   |
|   | The newly updated TIA  |                                         |   |
|   | Market Share Indicator |                                         |   |
|   | Report and online      |                                         |   |
|   | database, MSI Online,  |                                         |   |
|   | show that the U.S.     |                                         |   |
|   | share of the long-haul |                                         |   |
|   | travel market declined |                                         |   |
|   | in 2003 from all but   |                                         |   |
|   | five of the top        |                                         |   |
|   | inbound                |                                         |   |
|   | tourism-generating     |                                         |   |
|   | countries. The UK and  |                                         |   |
|   | Canada were among      |                                         |   |
|   | those that posted      |                                         |   |
|   | gains. Travel from     |                                         |   |
|   | Europe overall fared   |                                         |   |
|   | better than that from  |                                         |   |
|   | Asia and South         |                                         |   |
|   | America.               |                                         |   |
|   |                        |                                         |   |
|   | **TIA WINS BRAZILIAN   |                                         |   |
|   | TRAVEL AWARD**         |                                         |   |
|   |                        |                                         |   |
|   | TIA was named to the   |                                         |   |
|   | list of \"Top Ten\"    |                                         |   |
|   | Brazil tourism         |                                         |   |
|   | organizations by       |                                         |   |
|   | Brasil Travel News,    |                                         |   |
|   | the nation\'s leading  |                                         |   |
|   | trade publication. TIA |                                         |   |
|   | won in the category    |                                         |   |
|   | for International      |                                         |   |
|   | Tourism 2003 beating   |                                         |   |
|   | some of the USA\'s     |                                         |   |
|   | toughest competitors   |                                         |   |
|   | among tourism          |                                         |   |
|   | promotion agencies in  |                                         |   |
|   | North America and      |                                         |   |
|   | Europe. TIA\'s Luiz de |                                         |   |
|   | Moura, manager,        |                                         |   |
|   | International          |                                         |   |
|   | Marketing, Latin       |                                         |   |
|   | America, accepted the  |                                         |   |
|   | award during a dinner  |                                         |   |
|   | in Sao Paulo that was  |                                         |   |
|   | overbooked with more   |                                         |   |
|   | than 400 enthusiastic  |                                         |   |
|   | attendees from         |                                         |   |
|   | Brazil\'s travel       |                                         |   |
|   | industry. Other U.S.   |                                         |   |
|   | organizations that won |                                         |   |
|   | \"Top Ten\" awards     |                                         |   |
|   | were American Airlines |                                         |   |
|   | and Marriott           |                                         |   |
|   | International.         |                                         |   |
|   |                        |                                         |   |
|   | **HOUSE PASSES         |                                         |   |
|   | BIOMETRIC DEADLINE     |                                         |   |
|   | EXTENSION**            |                                         |   |
|   |                        |                                         |   |
|   | Following months of    |                                         |   |
|   | persistent work by TIA |                                         |   |
|   | and other travel       |                                         |   |
|   | industry               |                                         |   |
|   | organizations, the     |                                         |   |
|   | House of               |                                         |   |
|   | Representatives passed |                                         |   |
|   | critical legislation   |                                         |   |
|   | to extend a looming    |                                         |   |
|   | government deadline.   |                                         |   |
|   | The bill was           |                                         |   |
|   | introduced by Chairman |                                         |   |
|   | James Sensenbrenner of |                                         |   |
|   | the House Judiciary    |                                         |   |
|   | Committee. It would    |                                         |   |
|   | extend for one year    |                                         |   |
|   | the October deadline   |                                         |   |
|   | by which new passports |                                         |   |
|   | from Visa Waiver       |                                         |   |
|   | nations must contain   |                                         |   |
|   | biometric identifiers. |                                         |   |
|   | \"We pushed hard to    |                                         |   |
|   | convince Congress and  |                                         |   |
|   | the Administration     |                                         |   |
|   | that this deadline     |                                         |   |
|   | could not be met and   |                                         |   |
|   | that action needed to  |                                         |   |
|   | be taken early this    |                                         |   |
|   | summer,\" TIA          |                                         |   |
|   | President and CEO      |                                         |   |
|   | William S. Norman      |                                         |   |
|   | said. \"The House vote |                                         |   |
|   | shows that Chairman    |                                         |   |
|   | Sensenbrenner and the  |                                         |   |
|   | Administration are     |                                         |   |
|   | sensitive to travel    |                                         |   |
|   | industry concerns. We  |                                         |   |
|   | appreciate their       |                                         |   |
|   | actions.\" TIA helped  |                                         |   |
|   | coordinate travel      |                                         |   |
|   | industry lobbying in   |                                         |   |
|   | Washington on the      |                                         |   |
|   | issue. The overall     |                                         |   |
|   | goal for biometric     |                                         |   |
|   | passports was proper   |                                         |   |
|   | and is achievable. But |                                         |   |
|   | Visa Waiver nations    |                                         |   |
|   | are not ready to       |                                         |   |
|   | produce biometric      |                                         |   |
|   | passports and the      |                                         |   |
|   | resulting concern and  |                                         |   |
|   | confusion over the     |                                         |   |
|   | original deadline      |                                         |   |
|   | could badly hurt       |                                         |   |
|   | travel to the U.S.     |                                         |   |
|   | Legislation is also    |                                         |   |
|   | pending in the Senate. |                                         |   |
|   |                        |                                         |   |
|   | **TIA NATIONAL CHAIR   |                                         |   |
|   | TESTIFIES IN FAVOR OF  |                                         |   |
|   | VISA WAIVER PROGRAM**  |                                         |   |
|   |                        |                                         |   |
|   | TIA National Chair     |                                         |   |
|   | Bruce Wolff, executive |                                         |   |
|   | vice president,        |                                         |   |
|   | Marriott               |                                         |   |
|   | International,         |                                         |   |
|   | testified in support   |                                         |   |
|   | of the Visa Waiver     |                                         |   |
|   | Program before a       |                                         |   |
|   | Congressional panel    |                                         |   |
|   | recently. More than    |                                         |   |
|   | two thirds of overseas |                                         |   |
|   | visitors enter the     |                                         |   |
|   | U.S. annually via Visa |                                         |   |
|   | Waiver from 27 nations |                                         |   |
|   | including most of our  |                                         |   |
|   | top trading partners.  |                                         |   |
|   | The hearing was held   |                                         |   |
|   | by the House           |                                         |   |
|   | Subcommittee on        |                                         |   |
|   | International          |                                         |   |
|   | Terrorism,             |                                         |   |
|   | Nonproliferation and   |                                         |   |
|   | Human Rights. \"There  |                                         |   |
|   | is no industry more    |                                         |   |
|   | interested in working  |                                         |   |
|   | to prevent a repeat of |                                         |   |
|   | the tragic events of   |                                         |   |
|   | September 11, 2001,\"  |                                         |   |
|   | Wolff testified.       |                                         |   |
|   | \"Yet, there must be   |                                         |   |
|   | ways to protect this   |                                         |   |
|   | nation while           |                                         |   |
|   | continuing to welcome  |                                         |   |
|   | international          |                                         |   |
|   | visitors.\" Congress   |                                         |   |
|   | permanently authorized |                                         |   |
|   | the Visa Waiver        |                                         |   |
|   | Program in 2000 at the |                                         |   |
|   | urging of the travel   |                                         |   |
|   | industry.              |                                         |   |
|   |                        |                                         |   |
|   | **INTERNATIONAL        |                                         |   |
|   | ARRIVALS FROM KEY      |                                         |   |
|   | MARKETS CONTINUE TO    |                                         |   |
|   | SURGE**                |                                         |   |
|   |                        |                                         |   |
|   | Arrivals to the U.S.   |                                         |   |
|   | in the first quarter   |                                         |   |
|   | from nearly every top  |                                         |   |
|   | inbound market         |                                         |   |
|   | registered             |                                         |   |
|   | double-digit           |                                         |   |
|   | year-on-year gains     |                                         |   |
|   | that far exceeded the  |                                         |   |
|   | year-end forecast.     |                                         |   |
|   | Growth in the world\'s |                                         |   |
|   | largest economies and  |                                         |   |
|   | appreciation of many   |                                         |   |
|   | world currencies       |                                         |   |
|   | against the U.S.       |                                         |   |
|   | dollar stimulated      |                                         |   |
|   | arrivals to the U.S.   |                                         |   |
|   | in the first quarter   |                                         |   |
|   | according to TIA\'s    |                                         |   |
|   | Quarterly Market       |                                         |   |
|   | Reviews for First      |                                         |   |
|   | Quarter 2004.          |                                         |   |
|   |                        |                                         |   |
|   | **SEE AMERICA\'S       |                                         |   |
|   | NATIONAL PARKS         |                                         |   |
|   | CAMPAIGN REACHES       |                                         |   |
|   | MILLIONS**             |                                         |   |
|   |                        |                                         |   |
|   | Since its kick-off     |                                         |   |
|   | during National Park   |                                         |   |
|   | Week in April, TIA\'s  |                                         |   |
|   | [See America\'s        |                                         |   |
|   | National               |                                         |   |
|   | Parks](http://nps.see  |                                         |   |
|   | america.org/index.jsp) |                                         |   |
|   | campaign to promote    |                                         |   |
|   | the national park      |                                         |   |
|   | system, including      |                                         |   |
|   | lesser-known parks,    |                                         |   |
|   | and to increase sales  |                                         |   |
|   | of National Park       |                                         |   |
|   | Passes has been an     |                                         |   |
|   | unqualified success.   |                                         |   |
+---+------------------------+-----------------------------------------+---+

+---+------------------------------------------------------------------+---+
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+---+------------------------------------------------------------------+---+
|   | **TRAVEL INDUSTRY ASSOCIATION OF AMERICA (Cont\'d...)**          |   |
|   |                                                                  |   |
|   | **JAPAN SEEAMERICA WEEK**                                        |   |
|   |                                                                  |   |
|   | Jointly sponsored by TIA, the Japan Visit USA Committee and the  |   |
|   | U.S. Commercial Service, the third annual SeeAmerica Week Japan  |   |
|   | will take place on **September 17-26**, 2004 in **Osaka** and    |   |
|   | **Tokyo**. SeeAmerica Week events include a SeeAmerica Workshop, |   |
|   | SeeAmerica Educational Seminar, SeeAmerica Media MarketPlace and |   |
|   | a SeeAmerica Media Reception & SeeAmerica Media Awards.          |   |
|   |                                                                  |   |
|   | **TRAVEL DEALS GET SPECIAL ATTENTION ON SEEAMERICA.ORG**         |   |
|   |                                                                  |   |
|   | The latest upgrade to the SeeAmerica.org one-stop travel Web     |   |
|   | site automatically highlights corresponding special travel deals |   |
|   | at the top of the page whenever a traveler performs a search.    |   |
|   | For example, a search for a National Park would also show        |   |
|   | special incentives being offered by adjacent travel industry     |   |
|   | entities such as hotels, attractions and transportation          |   |
|   | companies.                                                       |   |
|   |                                                                  |   |
|   | **THE PORT AUTHORITY OF NEW YORK & NEW JERSEY**                  |   |
|   |                                                                  |   |
|   | **AIRTRAIN JFK WELCOMES ITS ONE-MILLIONTH REVENUE PASSENGER**    |   |
|   |                                                                  |   |
|   | John F. Kennedy International Airport's State-of-the-Art Rail    |   |
|   | System Also Has Carried More Than 2.6 Million Passengers for     |   |
|   | Free                                                             |   |
|   |                                                                  |   |
|   | Ridership has grown steadily since the system opened. With an    |   |
|   | average daily ridership in May of nearly 26,500 -- including     |   |
|   | nearly 6,800 at the off-airport terminals in Howard Beach and    |   |
|   | Jamaica, Queens, combined -- the system is well on its way to    |   |
|   | meeting the year-one projection of 34,000 daily passengers,      |   |
|   | especially with the traditionally heavy summer and year-end      |   |
|   | holiday travel seasons yet to come. Port Authority Vice Chairman |   |
|   | Charles A. Gargano said, "AirTrain JFK is the cornerstone of the |   |
|   | \$9.4 billion redevelopment program at Kennedy Airport, because  |   |
|   | faster, more dependable travel to and from JFK helps attract and |   |
|   | keep businesses, and supports our tourism industry. AirTrain JFK |   |
|   | also is an economic engine for Queens. Construction of the       |   |
|   | system created thousands of jobs and its 24-hour-a-day operation |   |
|   | supports nearly 140 permanent jobs, the vast majority of which   |   |
|   | are filled by local residents."                                  |   |
|   |                                                                  |   |
|   | **STATE OF ILLINOIS FAR EAST OFFICE**                            |   |
|   |                                                                  |   |
|   | **SPLENDORS OF CHINA\'S FORBIDDEN CITY: THE GLORIOUS REIGN OF    |   |
|   | EMPEROR QIANLONG FIELD MUSEUM, CHICAGO, ON VIEW UNTIL SEPTEMBER  |   |
|   | 12, 2004**                                                       |   |
|   |                                                                  |   |
|   | *Splendors of China's Forbidden City: the Glorious Reign of      |   |
|   | Emperor Qianlong* brings nearly 400 treasured artifacts from the |   |
|   | Palace Museum in Beijing to the United States to tell the story  |   |
|   | of one of China's most famous emperors, the remarkable Qianlong, |   |
|   | who ruled from 1736 to 1795.                                     |   |
|   |                                                                  |   |
|   | This unprecedented, 10,000 square-foot exhibition presents a     |   |
|   | dazzling array of historic objects---many of which have never    |   |
|   | been seen outside of China---in carefully recreated settings.    |   |
|   | Visitors can experience a recreated throne room, a banquet       |   |
|   | setting, an imperial wife's chamber, and the private study of    |   |
|   | the emperor. Brief video presentations, a scale model of the     |   |
|   | Forbidden City, theatrical lighting techniques, and authentic    |   |
|   | music complement the presentation of the objects.                |   |
|   |                                                                  |   |
|   | Featured are rare works in jade, cloisonné, and ceramic;         |   |
|   | imperial dragon robes of silk; armor and weapons used by         |   |
|   | Qianlong; golden religious statuary; and a selection of some of  |   |
|   | the most important and famous paintings produced during the Qing |   |
|   | dynasty. *Splendors of China's Forbidden City* uses these        |   |
|   | objects to break new ground, exploring themes such as the role   |   |
|   | of women in the palace, the issue of Manchu ethnicity, and the   |   |
|   | diversity of religions in China in the eighteenth century.       |   |
+---+------------------------------------------------------------------+---+

+---+------------------------------------------------------------------+---+
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| * |                                                                  |   |
| * |                                                                  |   |
+---+------------------------------------------------------------------+---+
|   | **P&O TRAVEL LIMITED**                                           |   |
|   |                                                                  |   |
|   | **PRINCESS CRUISE - SAPPHIRE PRINCESS DEBUTS IN JUNE**           |   |
|   |                                                                  |   |
|   | As a sister ship to the elegant Diamond Princess, the            |   |
|   | 113,000-ton Sapphire Princess has debuted and sailed on her      |   |
|   | inaugural voyage on 13 June. Sapphire Princess combines          |   |
|   | signature Princess features \-- such as Princess\' trademark     |   |
|   | balcony cabins (a total of 750), a new Princess Concierge        |   |
|   | Service, the largest Internet Cafe at sea, and a brand-new       |   |
|   | Princess-operated Lotus Spa. In addition, she will offer the     |   |
|   | guests five main dining rooms - one traditional seating dining   |   |
|   | room and four restaurants for those choosing Princess\' Anytime  |   |
|   | Dining option. These four dining rooms will each feature a       |   |
|   | unique theme and menu: Italian cuisine, steakhouse, Southwestern |   |
|   | and Asian. With the unprecedented dining and entertainment       |   |
|   | opportunities, Sapphire Princess brings the Personal Choice      |   |
|   | Cruising concept to a brand new level. This sparkling new vessel |   |
|   | will sail for the popular route - 7 days Alaska Inside Passage   |   |
|   | cruises in Seattle with calls in Ketchikan, Juneau, Skagway and  |   |
|   | glacier cruising in Tracy Arm, plus a stop in Victoria, B.C.     |   |
|   |                                                                  |   |
|   | Package includes roundtrip economy air ticket from Hong Kong to  |   |
|   | Vancouver, seven nights cruise aboard Sapphire Princess          |   |
|   | including accommodation, meals, entertainment and facilities, 1  |   |
|   | night hotel accommodation in Vancouver, and more. From           |   |
|   | HK\$13,998 per person. For more information, please contact P&O  |   |
|   | Travel at 2956 6810.                                             |   |
+---+------------------------------------------------------------------+---+

+---+------------------------------------------------------------------+---+
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| * |                                                                  |   |
+---+------------------------------------------------------------------+---+
|   | ####### MARRIOTT INTERNATIONAL                                   |   |
|   |                                                                  |   |
|   | **MARRIOTT REFLAGS ADAM'S MARK HOUSTON AS HOUSTON MARRIOTT       |   |
|   | WESTCHASE**                                                      |   |
|   |                                                                  |   |
|   | **Property is Largest Marriott in Houston**                      |   |
|   |                                                                  |   |
|   | Marriott International, Inc. (NYSE:MAR) announced that the       |   |
|   | Adam's Mark Hotel in Houston has been reflagged as the Houston   |   |
|   | Marriott Westchase. The 600-room hotel is located at 2900        |   |
|   | Briarpark Drive and will operate as a Marriott franchise, owned  |   |
|   | by a partnership consisting of Pyramid Advisors LLC and Morgan   |   |
|   | Stanley. The property will be managed by Pyramid Advisors. The   |   |
|   | Houston Marriott Westchase is the largest Marriott hotel in      |   |
|   | Houston and is in close proximity to many area companies,        |   |
|   | including ABB, BMC Software, ChevronTexaco, ExxonMobil,          |   |
|   | Halliburton and Honeywell. The property is within 21 miles of    |   |
|   | Houston Hobby International Airport and 32 miles from Houston    |   |
|   | Intercontinental Airport. Area attractions nearby include the    |   |
|   | Houston Galleria, Memorial Park and Golf Course and the Museum   |   |
|   | District.                                                        |   |
|   |                                                                  |   |
|   | **MARRIOTT NOW HAS HIGH-SPEED INTERNET ACCESS AT MORE THAN 2,000 |   |
|   | HOTELS**                                                         |   |
|   |                                                                  |   |
|   | Marriott International, Inc. (NYSE:MAR) announced that it has    |   |
|   | completed installation of in-room high-speed internet access at  |   |
|   | more than 2,000 hotels worldwide. Marriott also offers Wi-Fi,    |   |
|   | wireless internet access, at 1,500 hotels.                       |   |
|   |                                                                  |   |
|   | **MARRIOTT IS NAMED "BEST HOTEL CHAIN" FOR SECOND YEAR IN A ROW  |   |
|   | BY GLOBAL FINANCE MAGAZINE**                                     |   |
|   |                                                                  |   |
|   | Marriott was recently named "Best Hotel Chain in North America"  |   |
|   | and "Best Hotel Chain in Latin America" in Global Finance's      |   |
|   | annual ranking of the world's best hotels and airlines for       |   |
|   | business travelers. Based on a poll of 15,000 readers, Marriott  |   |
|   | remains the top preference in North America for the second year  |   |
|   | in a row. Global Finance readers also listed their preferences   |   |
|   | for individual properties, by region. Among the "Best Hotels in  |   |
|   | North America" were the Detroit Marriott Renaissance Center and  |   |
|   | the JW Marriott Hotel Miami. Readers listed the JW Marriott      |   |
|   | Hotel & Stellaris Casino, Lima, Peru, as one of the "Best Hotels |   |
|   | in Latin America." In other regions of the world, the Budapest   |   |
|   | Marriott and the Marriott Hotel Warsaw were two of the readers'  |   |
|   | top picks for "Best Hotels in Europe," while the Marriott Hotel  |   |
|   | Islamabad ranked as one of the "Best Hotels in Asia/Pacific."    |   |
|   |                                                                  |   |
|   | **MARRIOTT NAMED ONE OF THE 100 "BEST PLACES TO WORK IN          |   |
|   | INFORMATION TECHNOLOGY" BY COMPUTERWORLD**                       |   |
|   |                                                                  |   |
|   | Marriott International, Inc. (NYSE:MAR) announced that it has    |   |
|   | been recognized by IDG's Computerworld as one of the \"Best      |   |
|   | Places to Work in IT\" for the second year in a row. Placing     |   |
|   | 24th among 100 companies overall, Marriott was the               |   |
|   | highest-ranked lodging company on the list. Computerworld        |   |
|   | highlighted Marriott's strong heritage and culture. The Best     |   |
|   | Places to Work in Information Technology (IT) list is an annual  |   |
|   | ranking of the top 100 work environments for technology          |   |
|   | professionals compiled by Computerworld. The list is compiled    |   |
|   | based on a comprehensive questionnaire regarding company         |   |
|   | offerings in categories such as benefits, diversity, career      |   |
|   | development, training and retention. In addition, Computerworld  |   |
|   | conducts extensive surveys of IT workers, and their responses    |   |
|   | factor heavily in determining the rankings.                      |   |
|   |                                                                  |   |
|   | **COURTYARD BY MARRIOTT FORT MEADE SHOWCASES NEW DESIGN TAILORED |   |
|   | TO TODAY'S TRAVELERS**                                           |   |
|   |                                                                  |   |
|   | **John Marriott, James Donohoe and Lt. Gov. Michael S. Steele    |   |
|   | Celebrate Grand Opening of New Hotel**                           |   |
|   |                                                                  |   |
|   | The new Courtyard by Marriott Fort Meade at National Business    |   |
|   | Park celebrated its grand opening on July 14, 2004 at ceremonies |   |
|   | presided over by Marriott International Executive Vice President |   |
|   | of Lodging John W. Marriott, III, President and CEO of The       |   |
|   | Donohoe Companies James (Jim) A. Donohoe, III, and Lt. Governor  |   |
|   | Michael S. Steele. The new 140-room hotel represents the         |   |
|   | Courtyard brand's new "reinvented" prototype and features a new  |   |
|   | look, feel and functionality that accommodates the changing      |   |
|   | needs of business travelers.                                     |   |
|   |                                                                  |   |
|   | **NAACP GIVES MARRIOTT TOP MARKS FOR SIXTH TIME**                |   |
|   |                                                                  |   |
|   | Marriott International, Inc. (NYSE:MAR) today announced that the |   |
|   | National Association for the Advancement of Colored People       |   |
|   | (NAACP) ranked the company at the top of the lodging industry    |   |
|   | for the sixth time in its annual lodging industry report card.   |   |
|   | Marriott received a \"B\" grade on the report card, which        |   |
|   | focuses on employment, vendor relations, property ownership,     |   |
|   | advertising/marketing and charitable giving within the           |   |
|   | African-American community.                                      |   |
|   |                                                                  |   |
|   | **SURF'S UP, SO ARE THE SAVINGS AT SAN DIEGO AREA MARRIOTT       |   |
|   | HOTELS**                                                         |   |
|   |                                                                  |   |
|   | For travelers who are California Dreamin' but on a budget,       |   |
|   | Marriott is offering the San Diego Adventure Package through     |   |
|   | Aug. 10, 2004. The package includes hotel accommodations and     |   |
|   | savings at area attractions and activities, enabling couples or  |   |
|   | families to experience much of what San Diego has to offer.      |   |
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