Economic recovery drives profits at Carlson Wagonlit Travel

Economic recovery drives profits at Carlson Wagonlit Travel

Carlson Wagonlit Travel has announced strong financial results for 2014, with the organisation recording 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 five per cent year on year, enhanced by operations in China and Japan.

North American transactions increased by a healthy 6.3 per cent.

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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.

Douglas Anderson, president 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.”