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He recommended steering clear of travel agenciesbecause consolidations and reductions in commissions paid by airlines are putting into question the economic viability of small travel agencies. "Because their margins are so small, a lot of their purchasing is really price-driven. They need to be very shrewd with their expenditures." However, Mattson sees opportunity in locally-owned, full-service hotels and restaurants.
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- David Dudding
- Pete Mattson
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