2011 a Record Year in Performance for CWT

Carlson Wagonlit Travel, a company specialized in managing business travel and meetings and events, has reported a record performance for 2011.

Sales volume, at US$28.0 billion, grew by 15.2% compared to 2010 (US$24.3 billion) and the number of transactions managed by CWT increased by 7.2% year-on-year to reach 61.9 million.

CWT’s growth in 2011 can be attributed to several factors. CWT retained over 96% of its existing client-base, it won US$2.2 billion in new business and acquired three companies: Kaleva Travel, Centenial Group and Net Tours.

Moreover, growth was not limited to the traditional areas of business travel but also included CWT’s specialized areas of expertise: CWT Solutions Group, the company’s consulting arm, CWT Energy Services and CWT Meetings & Events.

“We are seeing strong growth across the industry, despite the unpredictable economic environment,” said Douglas Anderson, CWT President and CEO. “Global corporations are more optimistic about their travel spend going forward and certain areas of the world, such as Asia and Latin America, continue to show strong growth.”

CWT’s results reflect regional economic trends around the world. CWT grew most in Asia Pacific, where transactions increased by 18.5% year over year; Latin America increased by 12.7%; North America by 5.2%; and EMEA (Europe, Middle East, Africa) by 6.2%.

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