Published: 18 Feb 2008: Carlson Wagonlit Travel has stated that it is now the world´s leading travel management company.
CWT sales volume totaled US$25.5 billion in 2007, up 30% year over year. Annualised new sales, excluding renewals, totaled more than US$3 billion, breaking all previous CWT records.
Hubert Joly, President and Chief Executive Officer, CWT attributed "the leadership in the market to focused strategy and increasing capabilities, particularly in program management and program optimisation."
The company has begun to implement its three-year development plan, CWT 2010. It has identified seven areas of priorities: sustaining organic growth, accelerate growth of its hotel business, further develop Meetings & Events activities, increasing efficiency and global consistency of Traveler & Transaction services, enriching Program Optimisation offering, further develop services for suppliers and pursue its targeted acquisition strategy.
As part of its three-year strategy, CWT will launch an interactive travel itinerary incorporating information that is relevant and accessible to travelers; develop its mobile services; add new functionalities to CWT Program Management Center and enhance its program compliance services with new credit card reporting capabilities in particular.