Media coverage and Congressional criticism of corporate travel has created a "paralyzing environment," Roger Dow, president and chief executive of the U.S. Travel Association, said Monday.

Loews Corp. CEO James Tisch went a step further during a separate call with investors Monday about his hotel holding company's recent earnings.

"Congress has done a great job of killing the resort hotel business with the way they've criticized the number of financial firms from having conferences," Tisch said. "In fact, I just heard this morning of another investor conference that was canceled by another major investment firm because of the fear of being criticized by members of Congress."

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