|
NEW YORK (AP) - As the economy cools, companies are starting to shrink their travel budgets a move likely to put further strain on struggling airlines.
Hotels, car-rental agencies and restaurants, which along with airlines employ roughly 4 percent of U.S. workers, will also feel the pinch.
So far, travel bookings are holding up. But corporate travel managers are taking a more active role in keeping on-the-road spending in check:
|