Great News for the Travel Industry

January 24th, 2008 by Mariah

Travelport sees no major impact on travel as a result of an economic slowdown, its president and chief executive said on Tuesday at the World Economic Forum in Davos, Switzerland. Consumers tend to be very price elastic and so, when prices go down, more consumers travel.”
Travel does respond to changes in economic growth, but price cuts have helped maintain volumes, Jeff Clarke, Travelport’s President and Chief Executive Officer, told Reuters in Davos.