Corporate travel downgraded to coach | msnbc.com
The days of flying first class, dining out on robust expense accounts and staying at four-star hotels may be gone, at least temporarily, for road warriors. As CFOs respond to the economic downturn by tightening budgets and restricting travel, Silicon Valley convention and hotel managers are finding that flexibility is the key to weathering difficult times. Mineta San Jose International Airport spokesman David Vossbrink said the airport has seen a 9 percent reduction in travelers in September 2008 compared with 2007. He cites a 15 percent decrease in available seats because of cut flights and the soft economy as the reason for the drop.
