Australian travel industry shows optimism for 2010

While last year saw a major downturn in air traffic, the industry is cautiously optimistic about 2010.

A report describes the present situation as a new competitive landscape for air travel, with more competition between budget airlines and less between the alliance-forming airlines.

Carlson Wagonlit Travel's latest Travel Management Priorities Report says the recession combined with the A(H1N1) flu pandemic saw great losses in the airline and hotel industries.

But according to Michael Mannix, Vice President of CWT's Asia Pacific Group, since the last quarter of last year airlines and hotels have seen "somewhat" of a recovery.

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