Bain Corporate Renewal Group says the travel industry is seeing
double-digit sales declines since January of 2009 as leisure
travelers cut back on trips and businesses look at lower-cost
alternatives. Phillip Kleweno, a partner at Bain's Corporate
Renewal Group, says the best way for the industry to weather the
current headwinds is to "pay attention to cash." The segment is
approximately 5 minutes and 40 seconds in length.
