CWT posts solid earnings for 2016 - TTG Asia - Leader in Hotel, Airlines, Tourism and Travel Trade News
 
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CWT posts solid earnings for 2016
Amsterdam, March 14, 2017
 

Global travel management company, Carlson Wagonlit Travel (CWT), has broken the US$2 billion new business sales barrier.

 

Overall, the company reported strong results for 2016. In the financial year ending December 31, 2016, CWT recorded over 58.7 million transactions across the business. Its app CWT To Go saw an increase in users of almost 40 per cent. Hotel attachment also grew substantially, with the introduction of new content and capabilities.

 

 

The CWT Energy, Resources & Marine business was again adversely impacted by further reductions in travel spend as lower commodity prices and political changes continued to affect the sector, resulting in a total transaction volume decline of 23 per cent. Despite this, CWT closed 2016 with US$23 billion in total transaction volume.

 

Meanwhile, CWT Meetings & Events organised almost 35,000 meetings and events, up 27 per cent on 2015, while the company’s consulting arm, CWT Solutions Group achieved a 13 per cent revenue growth.

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