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Inside this issue

• Squeezed? You will be. FT reports what businesses are doing to cut their travel costs

VIDEO: The arguments for the air taxi business have merit. But will they attract the required passengers? - -

Content

Agenda: Battle lines drawn as budgets begin to bite

Hotels are bracing for a year of stiff competition, writes Roger Blitz

Soapbox: The biggest challenges of the recession

‘Budget’ no longer means ‘bad quality’ and the sector has the potential to continue growing in spite of the economic conditions, writes Alan Parker

Business class: Volume issue hovers over air taxi start-ups

European newcomers will be banking on high utilisation rates, reports Rohit Jaggi

Peter Gago: Full-body bubbles best at 35,000ft

Chief winemaker for Penfolds talks to Jill James

Business hubs: Ancient cities still tantalise modern guests

FT writers offer their tips on three key destinations

The big story: Cash crisis sounds wake-up call

When KDS, the online travel and expense management provider, asked its clients how the downturn was hitting them, 54 per cent said they expected to have pruned travel costs by next March and 36 per cent said they had cancelled trips already booked.

Tokyo: Safe and friendly place to sing your heart out

Jonathan Soble is told where to go by an old hand

Business etiquette in Spain: Land of the long – and filling – meetings

A review of local working culture

Mice: Green awareness grows

Germany leads the way in sustainable conference planning, reports Jill James

Chris Cuddy: An optimistic look to the skies

Roger Blitz talks to the head of an airline price comparison website

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