Abacus International President & CEO, Robert Bailey, stated (28-Oct-2009) the global economic slowdown has prompted a "remodelling" of the corporate travel segment, which has forced it to adopt stricter corporate travel policies. This is "helping to drive a return to healthy volumes of corporate bookings, but is also ensuring that the segment will never be at risk of getting out of shape again.” [more]
Abacus International: “The worldwide economic downturn of the last year prompted a remodelling of the corporate travel segment. Whilst this extreme make over was painful, our estimates suggesting that bookings in the segment shrank by as much as 20-30%, the hardships of the period have had long lasting benefits, not least of which has been increased efficiency,” Robert Bailey, President & CEO. Source: Abacus International, 28-Oct-2009.