Loading
28-Oct-2009 4:07 PM

Abacus: ‘new look’ corporate travel segment emerges 'fighting fit' for 2010

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More