After the opening speech from the chief economist of HSBC Dennis Turner, travel business leaders ask him a question and comment on the economy and what's coming up.
The current time is not about taking care of people savings but how to manage debts and borrowings.
We need to re-balance on industries we are working in. UK needs more manufactoring than retail, consumer and real estate these days. We use to spend our money to things that are not available in the UK.
21st century is going to belong to China, India & Brazil where 20th century was the US and the 19th Europe.
Consolidation in the travel space is getting stronger in these difficult times. So small players will get bought by bigger ones in order to survive (==> like UK based bedbanks for instance?)
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