Firm predicts consolidation, restructuring in travel industry

01/14/2009 | Travel Trade

Hudson Crossing, an advisory firm for the travel industry, has forecast that the industry will undergo significant restructuring and consolidation. "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 most every sector," said Michael W. McCormick, managing partner at Hudson Crossing.

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