According to the "2009 Trends in Travel Investment" report issued by Hudson Crossing, high debt repayment, coupled with reduced enterprise valuations, limited access to capital and lower expected future demand for products and services, make significant travel industry restructuring both necessary and inevitable in 2009.

"As in previous recessions, we fully expect that the current market will not support the breadth of travel firms that were created during the last expansion cycle. We expect 2009 will bring consolidation and restructuring for the travel industry in almost every sector," said Michael W. McCormick, managing partner, Hudson Crossing.

Get the full report at Hudson Crossing (free, PDF 240KB)