Agency
CWT can help companies save up to 25% on meetings & events spending with CWT Meeting Optimiser
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- Category: Agency & Association
- Created on Wednesday, 18 April 2012 16:28
CWT can help companies save up to 25% on meetings & events spending with CWT Meeting Optimiser
Carlson Wagonlit Travel (CWT) announced today that CWT Meeting Optimiser, a product that helps individual organisers and professional meeting planners easily find the best location for a meeting, is now available for all CWT clients. It gives top destinations by air and hotel costs, mileage, or CO2 emissions using CWT’s wealth of data, and helps travel managers better understand what their companies are spending on meetings.This is the first in a series of meetings products to be introduced this year as a complementary offering to CWT Meetings & Events. CWT Meeting Optimiser was developed in partnership with Starcite®, part of Active Network, and a leader in strategic meetings management.
Finding the best place for a meeting
To plan a meeting, arrangers simply enter the number of participants, their locations and the meeting dates. CWT Meeting Optimiser then generates a list of worldwide destinations, including telepresence rooms, to give meeting organisers a prioritised list of places to hold their meeting.
Using CWT’s extensive range of data – over 14 million hotel transactions and 34 million air transactions* – CWT Meeting Optimiser instantly compares nearly 2,000 global destinations to determine the smartest and most cost-effective meeting destination.
Helping companies achieve savings
CWT calculated the cost of 15 hypothetical international meetings in 2011 using no planning tool, and then estimated the cost of the same meetings benchmarked and planned using CWT Meeting Optimiser. The results showed that an average saving of 25 per cent could have been achieved.
Based on a study conducted by the CWT Travel Management Institute, companies spend on average almost 1.5 per cent of their annual revenues on meetings & events, yet this budget is difficult to track because meetings are not always managed centrally. With CWT Meeting Optimiser, planning meetings becomes an integral part of a company’s travel programme as the tool will be accessible through CWT’s exclusive client interface, CWT Portal.
CWT Meeting Optimiser is based on new generation technology and a patent-pending algorithm. Additional features will be added over the coming months.
