Local gas and liquid velocities are measured by cross-correlating signals from a double sensor hot-film anemometer probe in pure water flow and air water two-phase flow. The gas phase velocity measured in two-phase flow agrees with velocity data obtained using high-speed video to within +/-5%. A turbulent structure, present in the liquid phase, allows a correlation to be taken, which is consistent with the expected velocity profiles in pure liquid flow. This turbulent structure is also present in the liquid phase of a two-phase flow system. Therefore, a similar technique can be applied to measure the local liquid velocity in a two-phase system, when conditions permit.