Business Services Industry
Madrid-Based Airline, Travel Service Sees Few Signs of Industry's Recovery.
Knight Ridder/Tribune Business News, February, 2002
By Boonsong Kositchotethana, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Feb. 16--The much-talked about recovery in the world's travel and tourism industry this year looks uncertain for now, according to Amadeus, the world's largest airline and travel reservation service.
The Madrid-based company says it is forecasting flat growth in bookings this year, particularly for airlines.
Airline traffic, as measured by reservations and travel agency bookings, had been see-sawing since September and did not offer an indicative trend for the future, said Miguel Vermehren, Amadeus vice-president for corporate and marketing communications.
"In this kind of situation we would rather be conservative in predicting what the future...
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