Five steps travel companies should take now
February 26, 2009: The travel industry consulting firm Hudson Crossing is advising travel companies on the “Five Steps Travel Companies Should Take Now” to cope with the recession and credit crunch.
“Unlike recent economic downturns, this recession is rooted in bank failures and limited access to capital for businesses and consumers. At a time when travel enterprises have no access to cash and consumer consumption is dramatically declining, surviving will in and of itself be an accomplishment,” said Michael W. McCormick, managing partner, Hudson Crossing.
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