Travel executives worry about fragile economic recovery
August 12, 2010 |
While airlines, hotels and other providers have recovered much of the lost business during 2008/09, travel executives at NBTA worried that the recovery could hit some bumps and sink into a second recession.
"We have to be very cautious about a potential double dip for regions around the world that show some softening," said Gordon Wilson, president and chief executive of the Travelport global distribution system. "Nobody can be complacent at this point."
Carlson Wagonlit Travel president and CEO Doug Anderson said the U.S. economy grew in the first half of 2010, but the rate of growth slowed from late 2009.
"The biggest risk is that we slip back into something like what we've come out of, maybe something not as severe," said Anderson, speaking on a CEO panel at the annual National Business Travel Association meeting in downtown Houston.
Get the full story at The Dallas Morning News
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