CARLSON Wagonlit Travel (CWT) has reported an increase in new business sales and firm financial results despite a decline in travel spend from its energy portfolio.
New business sales rose to US$1.7 billion while transactions held steady at US$61.4 million. Overall sales volume reached US$24.2 billion, reflecting the significant curtailment in travel expenses by energy customers.
By region, Asia-Pacific transactions showed neutral growth while north American volumes were up 1.1 per cent. Meanwhile, transactions in Europe, Middle East and Africa dropped 1.2 per cent and in Latin America, volumes plunged 7.8 per cent.
Douglas Anderson, president and CEO, CWT, said: “2015 was a challenging year for the industry overall given the continued sharp fall in energy prices and oil in particular. We nevertheless delivered solid results.
“We continued to focus on enhancing our technology offering, with the deployment of mobile hotel booking on CWT To Go and the global launch of CWT AnalytIQs, a powerful tool to report and manage travel data.”
Anderson added: “Our solid results demonstrate our ongoing commitment to help our clients run cost effective travel programmes and our travellers to safely reach their destination.”
