Economic Crisis
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Crossing Borders: BTN Research Explores Nuances In European Travel Management Practices
… months, making it our best performer in Europe. What they have had to go through over the past two years regarding the financial crisis has been and still is pretty tough. Their ability to adapt quickly their behavior has been quite easy and would be more difficult …
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New MPI Chair: Meetings Management Recovering Globally, Maturing In Asia And Latin America
… market, in the number of events at the height of [the financial ] crisis ," he said. "In Europe, we did not have the same drastic ..... budgets, but organizations and corporations have taken the financial crisis as an excuse to look at their business and see how they …
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Globalized Travel Management 'Accelerating' Despite Difficulties
… Even the smaller ones now are looking for advice on how to take their programs global." Both papers suggested that the economic crisis at the end of the last decade served as the spark for many global initiatives. "Companies have traditionally been satisfied …
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Op-Ed: Seeing The Upside Of The Economic Downturn: A 2011 Meetings Management Outlook
… close watch over corporate travel spending, companies continue to maximize travel budgets in the wake of the economic crisis while the meetings industry adapts to satisfy changing demands. Although 2010 marked a steady increase in meeting …
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Lufthansa May Target Poland's LOT For Acquisition
… airlines held exploratory talks about a sale in May 2009 at a time when LOT was struggling severely with the global financial crisis . Since then, its performance has improved significantly. In the first seven months of 2010, it carried 2 …
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IATA reversed its 2010 air industry forecast to a $2.5 billion global profit from the $2.8 billion loss it had projected in March
… overall traffic to "pre-recession levels" and a "sharp" increase in business travel. "Despite earlier fears that the financial crisis would result in a structural change to the premium market, it now appears to be recovering cyclically in many regions …
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EU Negotiator Upbeat For Next Week's Open Skies Talks
… European airlines fear the Obama administration could take a hostile, protectionist stance, especially during the current economic crisis . Calleja, the European Commission's director for air transport, told EuroBTN he will work hard with unions and other …
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2009 Business Travel Survey: U.S. Airlines Swap Fuel Prices For Demand Crisis
… capacity cuts, headcount reductions and ancillary revenue initiatives, which made them better prepared to weather the economic crisis . Yet the profit outlook for 2009 remains bleak. "In effect, we've swapped the oil prices of 2008 for the travel demand …
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EC: Carriers Will Retain Airport Slots Despite Capacity Cuts
… it has suspended the rules in the midst of previous economic downturns, most recently in 2003. Noting the impact of the economic crisis on the airline sector, the EC recognized that carriers "have to reduce their capacity" in the face of declining demand …
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Airlines See Signs Of End Of Decline
… in other segments. Corporate demand deterioration, established more than a year ago and exacerbated amid the mounting financial crisis last fall, shows few signs of recovery. The National Business Travel Association late last month released a survey that …
