Cities Scramble as Business Travel Declines
(Source: CNN)
Gone are the days, it seems, when executives can comfortably lounge poolside, expensing meetings and meals along with margaritas and massages.
Especially for those employed by companies that benefited from the billions of federal bailout dollars, those kinds of luxuries are going downhill faster than a CEO on a triple black diamond ski slope.
As President Barack Obama, Congress and the financially anxious public continue to cry out for corporate responsibility, what does this crackdown mean to American cities and to industries that are fueled by business travelers, conventions and meetings?
“January was a disaster,” said Don Singh, a Las Vegas, Nevada, taxi driver, who added that he brought home about half of what he did the previous year.
Click here to read the entire article.
