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European Industry addresses pressing topics at Crossroads Milan
Wednesday, May 21, 2008

The European business travel community gathered last week in Milan for a new kind of conference: Crossroads Milan – Paragon Business Travel Conference & Expo. Under the umbrella of the Paragon Partnership – the global alliance of buyer-led business travel associations – 11 business travel associations partnered to create the first pan-European, buyer-focused conference for business travel professionals.

The industry responded enthusiastically: more than 350 industry leaders took advantage of the education, networking and trade show offered at the first-ever Crossroads. Attendees came from more than 20 countries, and more than 100 participants were buyers.

Lively debates and discussions focused on finding the solutions to challenges shaping the European business travel industry today and tomorrow, such as:

Crossroads Milan provided a perfect platform for industry leaders such as Dale Moss, Managing Director, OpenSkies, and Charles Petruccelli, President of Global Travel Services for American Express, to address the European business travel community. Moss spoke about his personal experience building a new airline -- OpenSkies -- backed by British Airways. He spoke the day after the U.S. Department of Transportation approved OpenSkies to begin operations. Petruccelli explained his perspective on the current state of the business travel industry and his expectations for the future.

The Expo gave attendees the opportunity to meet with 50 partner suppliers to learn about new products and services in the market.

At the close of the conference, attendees learned that the site selection process is underway for next year’s conference, and that their feedback will help determine where they will go for Crossroads 2009.

Theodore Koumelis - Wednesday, May 21, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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