Travel management company Carlson Wagonlit Travel (CWT) has reported strong growth in sales volume in the first half of this year. (9/27/2007)
According the company, sales volume is up 45 percent at US$11.1 billion for the first six months of 2007 (sales volume for wholly owned operations, excluding joint ventures) and it awarded new sales through August exceed US$ 2.2 billion, excluding renewals, up 69 percent over the same year-earlier period, highlighting the company´s continued strong momentum.
Hubert Joly, CWT president and CEO, said, "The growth of CWT in the first part of this year is the result of three factors: solid industry fundamentals, including a strong world economy and its increasing globalistion, the positive effects of the acquisition and successful integration of Navigant, and the success of our strategy focused on delivering the value of effective travel management to corporate clients and government institutions around the world."
Growth in sales volume occurred worldwide, with the greatest increase in the US market (104 percent), helped by the acquisition of Navigant International in August 2006 and its successful integration. Significant growth was also seen in Australia (86 percent), the UK (33 percent), India (31 percent), Russia (29 percent) and China (25 percent).
CWT achieved 55 percent growth in online transactions in Europe for the first six months of this year, compared to the same year-earlier period. The company´s online transactions in the Asia-Pacific region reached 26 percent for the first six months of the year, compared to 12 percent for the first half of 2006.