The travel industry has sustained a major hit over the past couple of years as the economic downturn kept many people from venturing out of town. Hotels, airlines and many other travel suppliers have started to recover, but travel executives remain concerned about a second recession. "We have to be very cautious about a potential double dip for regions around the world that show some softening," said Gordon Wilson, president and CEO of the Travelport global distribution system. "Nobody can be complacent at this point."

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