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CWT sees continued growth in 2014

Positive UK & Ireland client retention rates of 99.46 per cent recorded

Carlson Wagonlit Travel (CWT) has announced strong financial results for 2014. CWT recorded new business sales of US$1.6 billion in 2014. Overall sales volume increased by 1.6 per cent to US$27.3 billion, reflecting the continuing variable global economic climate. The number of transactions managed by CWT increased by 3.3 per cent to 62.3 million. In the Asia Pacific region, transactions increased by 5 per cent year on year, enhanced by operations in China and Japan.

North American transactions increased by a healthy 6.3 per cent. Transactions in Latin America increased by 3.3 per cent year on year, despite soft performance in Brazil, while a drop of 0.8 per cent was recorded in Europe, the Middle East and Africa, reflecting the delicate economic climate throughout the region in 2014.

CWT’s client satisfaction scores were particularly strong, with a 99.46 per cent client retention rate in the UK & Ireland and 97 per cent globally, combined with 87 per cent travel manager satisfaction rate and an 88 per cent satisfaction rating from travellers. Last year also saw 345,000 user registrations for CWT To Go™, CWT’s award-winning app.

Douglas Anderson, president & CEO of CWT commented: "We saw positive growth and developments for CWT in 2014, as we continued to focus on driving savings for our clients and enhancing our mobile technology for travellers on the go. Last year, we transformed CWT To Go from what was an itinerary management application to a travel application with the introduction of hotel booking and profile management. We helped bring door-to-door booking capability into the North American market and we created our dedicated innovation team, who will concentrate on the innovative partnerships, technology and products that we expect to drive our company in the future.”

CWT’s specialised business divisions recorded the following:
CWT Solutions Group, the business consultancy arm of CWT, accelerated growth globally with an increase of 7.3 per cent in global revenue. CWT Solutions Group achieved strong growth in emerging markets, including a 38 per cent increase in Asia Pacific and a newly established presence in Brazil. CWT Solutions Group continued its focus on innovation with the launch of CWT Travel Gamification and published several whitepapers on the topic of Travel ROI.

CWT Energy, Resources & Marine, CWT’s dedicated oil, gas services and maritime and drilling exploration division, saw a small decrease in 2014 revenues, reflecting the overall challenges faced in the global energy industry.

CWT Meetings & Events organized over 33,000 meetings and events around the world for more than 1.3 million delegates, an increase of 4.2 per cent globally in 2014. Global client wins offset a reduced event spend in Europe, a reflection of the economic situation in the region.

Anderson concluded, “We believe one of the most significant figures in our annual results is our client retention rate, which remained strong at 97 per cent. This figure highlights our ongoing drive to support our clients in running cost effective travel programmes and supporting travellers at every point of their journey. We will deliver significant new developments around our products and services, including the upcoming new data reporting tool, CWT AnalytIQs, which will be a major milestone in the year ahead.”

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