Financial Times FT.com

Travel industry suffers as problems widen

By Delphine Strauss

Published: August 26 2008 03:00 | Last updated: August 26 2008 03:00

The UK's travel industry endured a dismal summer season as British and overseas holidaymakers reined in spending, according to a survey that shows the economic downturn has spread to almost all parts of the services sector.

The CBI employers organisation, which releases its quarterly service sector survey today, said business and professional services, as well as consumer services, faced steep falls in profitability.

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