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Distribution Execs See Business Travel Slowdown Extending Beyond Energy Sector

Andrew Sheivachman

Skift Take

As companies become more cautious about business travel spending, the corporate travel ecosystem will begin to feel the pressure.

Corporate travel weakness, along with macroeconomic concerns, are a real concern for airline and hotel executives this year. Global distribution system technology providers are feeling the crunch, as well, according to statements during their latest round of earnings announcements. "We see more of a softness on the business travel side," said Tom Klein, CEO of Southlake, Texas-based Sabre, on the company's second quarter earnings call last week. "And I think there's been softness in segment-specific areas. You certainly have seen now a multi-year softness in the energy se

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