Introducing the latest myCWT product and service enhancements
Building on our digital, omnichannel myCWT platform, our new products and services will simplify travel management for you and your employees – anytime, anywhere, anyhow.
Note: Featured services may not be available in your country at this time. Please reach out to your CWT representative for more details.
Hear from Chief Product Officer, Erica Antony as she shares the key product highlights of 2024, along with the key areas driving innovation.
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2040: Baseline, Boom or Bust
As we enter an era of rapid transformation and unprecedented challenges, it is essential for travel managers, meeting & event planners, and corporate decision-makers to look ahead and frame our current strategic thinking with a clear vision of the future. Business travel and meetings and events (M&E) are poised for significant change over the next decade and a half, driven by a complex interplay of sustainability goals, technological advancements, evolving work models, and geopolitical dynamics.
In this paper to mark the 10th anniversary of our Global Business Travel Forecast, we explore, for the first time, a long-term vision of the future and potential trajectories through three distinct scenarios, each offering insights into how these forces should affect policy-making, budgeting and priorities. By examining these scenarios, we can better understand the diverse possibilities that lie ahead and the strategic imperatives required to thrive in each potential future.
Based on trajectory data analysis and interviews with industry leaders, behaviorists and climate tech founders, this forward-looking approach enables us to anticipate changes, strengthen our strategies, and make informed decisions that align long-term objectives. It is through this lens of foresight and adaptability that we can build resilience, seize opportunities, and navigate the complexities of the future.
We invite you to reflect on the insights presented, and consider how your organization can prepare for the opportunities and challenges that lie ahead. Together we can ensure that travel and meetings remain catalysts for growth, scalability and sustainable practices.
- Scenario development is both an art and a science
- Megatrends Shaping the Future of Business Travel, Meetings and Events
- Sustainability goals the new crux of corporate policy
- Technology Revolutionizes Travel Management
- Modern work models spark new travel patterns
- Changing demographics open doors to new opportunities
- Three Scenarios: Base case, boom and bust
- Future-proofing strategies
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CWT GBTA Global business travel forecast 2025
When it comes to pricing, global business travel has finally reached an enduring, higher baseline. Prices will continue to rise in 2025, but only moderately, so expect a period of normalized growth.
However, this pricing environment, one of marginal gains and price regularity, is fragile. Global leisure travel has now realized a lot of its pent-up demand, while corporate travel has been resurgent, with 2024 edging at preCovid levels.
There are many factors at play, whether its volatile oil prices, labor costs and constraints, inflationary pressures, and geopolitical factors. As this elevated baseline edges upwards, albeit marginally, travel budgets will come under increased scrutiny, especially as travel patterns and attitudes change.
It’s why business travel can’t be viewed in a silo, and the true value to an organization must be fully realized. This forecast can help with those calculations.
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Capitalize on emerging technologies in corporate travel
Technological advancements are accelerating at an unprecedented pace. How will emerging innovations like Generative AI, blockchain, and self-sovereign identity (SSI) transform corporate travel?
BTN and CWT probed global CEOs, travel managers, industry consultants and tech experts on the promises, questions, and expectations these innovations raise and how they are set to reshape traveler experience, cost control and service delivery in corporate travel and events.
Download and discover
- The technologies that will have the greatest impact on corporate travel in the next 2-5 years
- How these emerging technologies are poised to control costs, enhance service and security, and boost efficiency
- The critical challenges, opportunities, risks and roadblocks each innovation raises
- What travel managers, buyers and experts anticipate from these innovations
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Carlson Wagonlit Travel reveals first brand refresh since 1994
Carlson Wagonlit Travel, the global travel management company, today unveiled a complete refresh of its branding, and launched a new global marketing campaign, which revolves around the tag line of “Make the world work for you.”
“The invigorating change in our branding underlines our proposition as the enabler of change in our industry,” said Patrick Andersen, Chief Strategy Officer. “The new tag line not only illustrates our sense of purpose at a corporate level, but it can also be adapted to our different divisions.”
Coming twelve months after Kurt Ekert was appointed President and CEO of the company, CWT has shed its teal branding in favor of a more robust, vibrant color scheme which better reflects the company’s digital strategy, and its vision and values.
The main corporate coloring, replacing that created in 1994, combines a blood orange shade called Sanguinello with the contrasting gray of Charcoal. Sanguinello represents the characteristics of optimism, pleasure, and a thirst for action; Charcoal adds solidity and stability, and reflects a sense of calm.
The new branding was created by Curious, the London-based creative branding agency.
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
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Carlson Wagonlit Travel awarded Gold level CSR rating by EcoVadis
Carlson Wagonlit Travel recognized in the top 1% of all companies in all industries worldwide for its responsible business practices.
Carlson Wagonlit Travel, the global travel management company, today announced that it has been rated among the top 1% of all companies for its responsible business practices by EcoVadis, the environmental and social performance rating agency. CWT was awarded the Gold Corporate Social Responsibility (CSR) rating up from the previous Silver rating.
“This is a tremendous honor to receive in recognition of our commitment to CSR,” said Kurt Ekert, president and CEO of Carlson Wagonlit Travel. “Responsible business is a fundamental element of our overall business practice and something we live and breathe, every day. This is a direct result of CWT’s culture and core values: integrity, caring, leadership and passion. In whatever decision we make, we consider the impact on the environment in which we operate.”
EcoVadis, who evaluates over 25,000 suppliers every year, uses a methodology that rates companies according to 21 CSR criteria, grouped under four themes: Environment, Labor, Fair Business Practices and Sustainable Procurement. CWT’s performance in each of these four themes was evaluated looking at policies, actions and results.
“It is testament to the hard work, dedication and engagement of our colleagues at every level of our business, across nearly 150 countries, that we have been recognized amongst the global leaders in Corporate Social Responsibility,” said Françoise Grumberg, CWT’s vice president, Global Responsible Business.
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
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About EcoVadis
EcoVadis is the first collaborative platform providing sustainability ratings and performance improvement tools for global supply chains. EcoVadis’ easy-to-use CSR scorecards help companies to monitor suppliers’ environmental, ethical, and social practices across 150 purchasing categories and 110 countries. Over 150 industry leaders such as Nestlé, GSK, Heineken, Michelin, Johnson & Johnson, Schneider Electric, L’Oréal, BASF, and Subway, and over 30,000 of their trading partners use EcoVadis to reduce risk and drive sustainability and innovation.
For more information: www.ecovadis.com
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Carlson Wagonlit Travel appoints new partner in Jordan, now offering customers online service across Middle East
Carlson Wagonlit Travel, the global travel management company, has appointed Green Arrow Tours (GAT) as its new partner in Jordan.
“With Green Arrow Tours as our partner in Jordan, we can now provide a seamless online service across the entire Middle East,” said Richard Saunders, Senior Director, Global Partners Network. “We already offer online booking as an option for our clients in Bahrain, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE – adding Jordan makes life much easier for our customers across the region, and around the world. Customers in Jordan will also benefit from CWT’s award winning products such as our mobile app CWT to GO.”
Green Arrow Tours has 18 employees and manages a diverse list of clients including Samsung, General Motors and Better Work Jordan. With annual sales of USD 15m, Green Arrow Tours is a strong new partner for CWT, providing clients with a seamless service for both business travel and for meetings and events.
“We are delighted to join the global CWT network,” said Firas Dakkak, General Manager. “Working with the world’s biggest and best travel management company is a huge step forward for us – and for our clients.”
The new partnership began on 1 January 2017 and GAT became the sole partner of CWT on 1 April 2017. Green Arrow Tours employees have been trained on CWT policies and procedures to ensure they can offer our clients a seamless service.
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
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Carlson Wagonlit Travel appoints Simon Nowroz as Chief Marketing Officer
Carlson Wagonlit Travel, the global travel management company, today announces the appointment of Simon Nowroz as Chief Marketing Officer, with immediate effect. Reporting to Patrick Andersen, Chief Strategy and Commerce Officer, he will be based in Minneapolis.
“Simon blends his deep sector experience in travel with an intimate knowledge of innovation, marketing, branding and business development,” said Patrick Andersen. “We have exciting times ahead, both in terms of product and brand development, and I am delighted to welcome him to the team.”
Simon joins from Anderson Capital Advisors, a specialist advisory firm he co-founded to focus on maximising customer returns from creative digital strategies, independent of market directions. Prior to that he was Head of New Ventures with Travelport for two and a half years, and he was President and Managing Director APAC with the firm for nine years before that.
He has over 25 years’ travel industry expertise covering consultancy, distribution, car hire and air. Simon has lived and worked in France, Hong Kong, the UK and the U.S. and is a graduate of Insead, Stanford and TVU.
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
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CWT Meeting & Events launches groundbreaking offer with International SOS
CWT Meetings & Events, a division of Carlson Wagonlit Travel, is today launching the only global corporate meetings and events service to include International SOS services as part of its core customer offering.
“This is a groundbreaking safety and security offering – which in today’s changeable times is of paramount importance to everyone, wherever they are,” said Cindy Fisher, senior vice president and global head, CWT Meetings & Events. “By collaborating with International SOS, we have created a new gold standard for the rest of the industry to aim at.”
For the first time, while traveling to and attending meetings and events, CWT M&E customers can now access best-in-class pre-travel advice and integrate further International SOS Services such as Event Medical Support Plan into their program.
Additionally, this agreement allows CWT M&E’s planners and customers to subscribe to medical and security alerts. Customers will also benefit from access to a bespoke Travel Risk Assessment Tool.
CWT Meetings & Events
CWT Meetings & Events (M&E) is an award-winning global corporate events management service. Representing all industry sectors, CWT M&E delivers comprehensive live, virtual and hybrid event solutions for thousands of customers every year. Ranging from end to end productions of some of the world’s largest and complex global conferences, through to intimate national teambuilding experiences.
Follow us on LinkedIn, Facebook and Twitter.
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
Follow us on Twitter and Linkedin
About International SOS
International SOS is the world’s leading medical and travel security risk services company. We care for clients across the globe, from more than 1000 locations in 90 countries. Our expertise is unique – more than 11,000 employees are led by 1,400 doctors and 200 security specialists.Teams work night and day to protect our members. We pioneer a range of preventive programs strengthened by our in-country expertise. We deliver unrivalled emergency assistance during critical illness, accident or civil unrest. We are passionate about helping clients put Duty of Care into practice. With us, multinational corporate clients, governments and NGOs can mitigate risks for their people working remotely or overseas.
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Carlson Wagonlit Travel to appoint Vipservice as new international partner in Russia
Carlson Wagonlit Travel, the global travel management company, today announced that Vipservice, the leading local travel company in Russia, will be appointed to join CWT’s Global Partner Network. It is expected that Vipservice will join the CWT Global Partner Network later this month, once the proposed sale of CWT’s wholly owned Russian subsidiary to Vipservice is complete.
This transaction underlines CWT’s commitment to growing its presence in Russia. CWT services clients through its Global Partner Network in around 100 out of the nearly 150 countries in which CWT operates. CWT believes that the businesses have complementary core competencies, technologies, and share values in marketing and customer service. This appointment will allow СWT to offer many new benefits to its customers in Russia, centered around an online service solution integrated with local content.
“We are delighted to have found such a well-established, respected international partner in Vipservice – a company that shares CWT’s commitment to providing outstanding customer service,” said Natalia Morozova, CWT’s General Manager in Russia. “By combining the experience of one of the largest travel companies in Russia with our unique solutions and global best practice, we believe this will create a winning offering for all of our customers. We look forward to working with Vipservice on new and exciting projects in the future.”
“This is certainly a historic event for both sides,” said Dmitry Gorin, Vipservice’s General Director. “We have much in common – our client portfolio structures are similar, both companies have been doing business in Russia for more than twenty years and both are passionate about using advanced technological solutions in the field of business travel. Together with CWT, we will provide the best global business travel and MICE practices for our clients in Russia. The partnership deal with the leading global agency is yet a further step in the implementation of our five-year strategy to build the #1 TMC in the Russian travel market.”
Upon deal completion, expected later this month, Natalia Morozova will start a handover period to newly appointed General Director, Alexey Kushkin. She will remain with the company for the handover period to ensure a seamless transition.
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
Follow us on Twitter and Linkedin
About Vipservice
Established in 1993, Vipservice has grown steadily to become one of the largest travel consolidators, managing over 10.000 sub-agents across Russia and employing more than 1,400 people. Vipservice successfully operates in four of the most important travel areas like business travel and MICE, consolidator business, OTA and specializes on leisure travel.
Vipservice is regularly ranked among the top travel agencies by airlines including Lufthansa Group, Air France/KLM and many others. Vipservice is the leading sales agent for Aeroflot and RZD (Russian Railways). In 2016, the sales volume of air and rail tickets was 13 million transactions. In 2009, Vipservice launched Portbilet, an integrated online solution for travel market and today is recognized as a leading travel technology provider in Russia.
For more information about Vipservice, please visit www.vipservice.ru
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Carlson Wagonlit Travel to sponsor team in 2017 Race Across America, raising money to fight child exploitation
Carlson Wagonlit Travel, the global travel management company, today announces its sponsorship of Team Endeavour, a four-strong endurance cycling team taking part in the 34th Race Across America in June 2017. Team Endeavour is raising money for ECPAT International, a global network of civil society organisations campaigning to end the sexual exploitation of children.
The team aims to complete the 4,900 km relay race in nine days, non-stop, raising at least $100,000. The team members are Andrew Jordan and Jasper Hasell (London, UK), and Lisa Akeroyd and Brendan Cox (Sydney, Australia). All four work at CWT. They will cycle from west to east across twelve US states, supported by a crew of doctors, bike mechanics, nutritionists, and a team manager. The race starts in just under 100 days’ time.
“The work of ECPAT is very close to our hearts,” said Kurt Ekert, President & CEO of Carlson Wagonlit Travel. “By providing sponsorship for Team Endeavour on such a tough, high profile challenge, we hope to help raise awareness – and money – for their important work.”
“Children who are victims of sexual exploitation face some of the toughest physical, social and psychological challenges imaginable. Their endeavour to recover and transition from being victims to survivors requires formidable endurance and strength of spirit. ECPAT International is excited that Carlson’s Team Endeavour has taken on the tough physical challenge of riding 4,900 km in nine days for these child victims,” said Dorothy Rozga, Executive Director, ECPAT International.
“The drive and endurance of Andrew, Jasper, Lisa and Brendan symbolize the strength and determination required of child victims. ECPAT hopes that Team Endeavor’s willingness to endure this challenge will inspire each of Carlson’s extraordinary team of 18,000 employees to do his or her best for some of world’s most vulnerable children.”
CWT’s sponsorship enables the team to achieve their goal of taking part. Other partners and sponsors are being brought in to provide services in kind and support with logistics.
“The generous support of CWT lets us focus on the event and our fundraising drive,” said Andrew Jordan, team captain and CTO of CWT. “By connecting people and networks from around the world we can really make a difference – and help EPCAT fight the sexual exploitation of children.”
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
Follow us on Twitter and Linkedin
ECPAT began in 1990 as a campaign to End Child Prostitution in Asian Tourism, since when its ambitious mission has seen them build a very unique kind of organisation, mixing broad geographical coverage and first-hand experience of the issue with advocacy at national, regional and international levels, all informed by high quality research and analysis. ECPAT works through a growing network of 95 civil society organisations in 86 countries.
Their work and solid partnerships have earned them a reputation as a world-class expert on sexual exploitation of children. Governments and civil society organisations worldwide recognise ECPAT as the only international NGO network solely dedicated to the fight against sexual exploitation of children.
The ECPAT International Secretariat is based in Bangkok, Thailand, where the ECPAT movement was born.
Team Endeavour
Team Endeavour comprises four Carlson Wagonlit colleagues from the UK and Australia.
- Andrew Jordan (London) is team captain and one of the most experienced riders in the team. Andrew is a veteran of 5 Etape du Tours, Maratona dles Dolomites and countless other long-distance endurance rides. He has competed in some of the toughest endurance rides in the world, in extremes of hot and cold, but admits this is going to be the toughest challenge yet.
- Brendan Cox (Sydney) began his love affair with cycling at a young age through competitive BMX and Mountain bike racing. Never one to shy away from a challenge, more recently he has taken to pushing his boundaries with triathlons and Ironman events. The only Australian rider in the team, Brendan is counting on his resilience, determination and relentless positivity to see him through his biggest challenge to date.
- Jasper Hasell (London) is probably the most experienced all-round ultra-athlete in the team having competed in some of the toughest sporting events all over the world. From triathlons in Alpe D’Huez, to coming third in the Alcatraz Ironman triathlon, he thrives on pushing the limits. He also holds two Cambridge Blues having taken part in two winning Eights in the Oxford-Cambridge boat race.
- Lisa Akeroyd (Sydney) is an ultra-marathon runner and experienced triathlete. She has competed and won many tough sporting events, from some of the world’s hardest triathlons, to racing 250 miles across the Gobi desert but she admits that RAAM could be the toughest challenge yet. Outside of competitive sport, she is also a qualified life guard on the beaches of Manly in Australia.
Race Across America (RAAM) is the longest endurance cycling event in the world – an ultramarathon cycle race across the USA which started in 1982 as the Great American Bike Race and four competitors.
Relay teams were introduced in 1992 and it is now established as one of the longest annual endurance events in the world – all entrants must prove their abilities by competing in any of several qualifying events, completing a course within a specified time period.
In length the RAAM is comparable to the Tour de France, but differs in that the direction has always been from the west to east coasts of the United States and is a non-stop event without stages.
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Carlson Wagonlit Travel breaks US$2 billion new business sales barrier for the first time as CWT 3.0 gains traction
Carlson Wagonlit Travel (CWT), the global travel management company, today reported strong results for 2016, highlighted by US$2 billion in sales attributable to new business.
“We are making changes to our business as the new dynamics of the marketplace and the needs and expectations of our customers evolve, and we are beginning to see the benefits of our new 3.0 strategy,” said Kurt Ekert, President and CEO of Carlson Wagonlit Travel.
“Our strategy is simple: to create an unbeatable offering and provide increasing value to our clients and partners. This includes delivering a consumer-grade experience to our travelers – giving them access to best-in-market travel inventory, a comprehensive hotel offering, and driving personalization – however they choose to interact with us.”
In the financial year ending 31 December 2016, CWT recorded over 58.7 million transactions1 across the business. Its award-winning app CWT To Go saw an increase in users of almost 40%. Hotel attachment also grew substantially, with the introduction of new content and capabilities.
The CWT Energy, Resources & Marine business was again adversely impacted by further reductions in travel spend as lower commodity prices and political changes continued to affect the sector, resulting in a total transaction volume decline of 23%2. Despite this, CWT closed 2016 with $23 billion3 in total transaction volume.
CWT Meetings & Events organized almost 35,000 meetings and events – up 27% on 2015 – as global companies sought new opportunities to consolidate, make the most effective use of their budgets, and improve their meeting and event delegate experience.
CWT’s consulting arm, CWT Solutions Group, further strengthened its customer offer and achieved 13% revenue growth.
Carlson Wagonlit Travel
Companies and governments rely on us to keep their people moving. CWT is the global leader in business travel and meetings & events – serving clients in nearly 150 countries. Blending technology with the expertise of over 18,000 people, we help our clients get the best possible value from their travel programs, while providing travelers with best-in-class service. In 2016, we posted a total transaction volume of US$ 23 billion
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Carlson Wagonlit Travel announces pricing of Senior Secured Notes due 2023 and Senior Notes due 2024
Carlson Wagonlit Travel announced today that Carlson Travel, Inc. (the “Issuer”) has priced $415 million in aggregate principal amount of senior secured fixed rate notes due 2023 (the “Senior Secured Fixed Rate Notes”), (ii) €330 million in aggregate principal amount of senior secured floating rate notes due 2023 (the “Senior Secured Floating Rate Notes”) and (iii) $250 million in aggregate principal amount of senior notes due 2024 (the “Senior Notes” and, together with the Senior Secured Fixed Rate Notes and the Senior Secured Floating Rate Notes, the “Notes”). The Issuer will issue each tranche of the Notes at an issue price of 100%. The Senior Secured Fixed Rate Notes will bear interest at a rate of 6.75% per annum. The Senior Secured Floating Rate Notes will bear interest at a rate equal to three-month EURIBOR (subject to a 0% floor), plus 475 basis points per annum, reset quarterly. The Senior Notes will bear interest at a rate of 9.50% per annum. The Notes are expected to be issued on December 16, 2016, subject to customary closing conditions.
The net proceeds of the offering will be used, together with proceeds from a contribution to the Issuer’s equity: (i) to fund the redemption of (a) the $415 million in aggregate principal amount of Carlson Wagonlit B.V.’s 6.875% Senior Secured Notes due 2019 and (b) the €300 million in aggregate principal amount of Carlson Wagonlit B.V.’s 7.500% Senior Secured Notes due 2019 and (c) the $360 million in aggregate principal amount of Carlson Travel Holdings, Inc.’s 71/2%/81/4% Senior PIK Toggle Notes Due 2019, (ii) to fund the repayment of certain shareholder loans, (iii) to pay fees and expenses incurred in connection with the refinancing, the offering and use of proceeds therefrom and (iv) for general corporate purposes.
The Notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. person in accordance with Regulation S under the Securities Act and, if an investor is a resident of a member state of the European Economic Area (the “EEA”), only to such an investor that is a qualified investor (within the meaning of Article 2(1)(e) of Directive 2003/71/EC, together with any amendments thereto, including Directive 2010/73/EU, to the extent implemented in the relevant member state (the “Prospectus Directive”)).
Please direct any questions about the attached news release to the CWT Financial Communications Team at cwt.financialcommunications@mycwt.com.
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This document is not an offer of securities for sale in the United States. The Notes may not be sold in the United States unless they are registered under the Securities Act or are exempt from registration. The offering of Notes described in this announcement and any related guarantees have not been and will not be registered under the Securities Act, and accordingly any offer or sale of Notes and such guarantees may be made only in a transaction exempt from the registration requirements of the Securities Act.
It may be unlawful to distribute this document in certain jurisdictions. This document is not for distribution in Canada, Japan or Australia. The information in this document does not constitute an offer of securities for sale in Canada, Japan or Australia.
This document has been prepared on the basis that any offer of the Notes in any Member State of the European Economic Area (“EEA”) which has implemented the Prospectus Directive (2003/71/EC), as amended by Directive 2010/73/EU (each, a “Relevant Member State”) will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of Notes. Accordingly any person making or intending to make any offer in that Relevant Member State of the Notes which are the subject of the placement contemplated in this document may only do so in circumstances in which no obligation arises for the Issuer or any of the initial purchasers of such Notes to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor the initial purchasers of such Notes have authorized, nor do they authorize, the making of any offer of Notes in circumstances in which an obligation arises for the Issuer or any initial purchasers of such Notes to publish or supplement a prospectus for such offer.
This document is only being distributed to, and is only directed at, persons in the United Kingdom that are “qualified investors” within the meaning of Article 2(1)(e)(i), (ii) or (iii) of the Prospectus Directive and that also (i) are “investment professionals” falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
Neither the content of any website of the CWT Group or the Issuer nor any website accessible by hyperlinks on any website of the CWT Group or the Issuer is incorporated in, or forms part of, this announcement. The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.
This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the CWT Group’s or the Issuer’s Group or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the CWT Group or the Issuer does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.
This disclosure includes the release of inside information by Carlson Travel Holdings, Inc. and Carlson Wagonlit B.V. under Regulation (EU) 596/2014 (16 April 2014).
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
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CWT research: changing travelers’ behavior can cut travel over-spend up to 15%
Recent research by Carlson Wagonlit Travel’s (CWT) Solutions Group found that corporations could reduce travel over-spend by up to 15 percent by enforcing existing corporate travel policies. The latest white paper launched today focuses on the challenges of travel policy compliance and how to influence the behavior of travelers. Encouraging travelers to comply with a company’s travel policy can make a big difference.
The white paper: Behavior Management: a new way to think about an old problem focuses on increasing travel data visibility, and increasing traveler responsibility with the aim to have business travelers stay within the corporate travel policy.
Katie Raddatz, head of the CWT’s Solutions Group Americas, said, “Travel departments spend significant time and resources getting the best corporate deals to keep costs down. But often travelers think the policy might not apply to them or they just don’t know the policy. Effectively enforcing compliance is often one of the hardest parts of travel management, but also the area with significant missed savings.”
Solutions Group has developed a proven traveler engagement system, Traveler 360 (T360), which looks at the entire compass to find every possible way to reach and educate the traveler to increase policy compliance and recapture significant missed savings. This targeted approach provides the tools for non-travel professionals to actively manage traveler behavior. The four stages of T360 include:
1. Analyze – Start with an analysis of the potential savings and the different traveler segments to uncover non-compliance issues.
2. Educate – Traveler scorecards are created to educate stakeholders by using terms and language they use with a format that can be immediately executed.
3. Engage – Traveler scorecards, containing individualized reports, are sent directly to the traveler. The clear information in the reports makes it easier for managers to speak to employees about their booking behavior.
4. Compete – Creating a traveler gamification program promotes positive traveler behavior by introducing motivating, game-like elements that provides incentives to travelers to stay compliant.
“There’s pressure to reduce costs from every direction. Making sure people stick to the rules is an easy way to cut spend,” continued Raddatz. ”We want to make sure we’re increasing compliance as much as possible. When it’s done properly, you can see the percentage of missed savings fall almost immediately.”
For more detailed information on new ways to improve travel policy compliance and influence behaviors of travelers, please refer to the white paper: Behavior Management: a new way to think about an old problem.
About CWT
CWT is a global leader specialized in managing business travel and meetings and events. CWT serves companies, government institutions and non-governmental organizations of all sizes in more than 150 countries and territories. By leveraging both the expertise of its people and leading-edge technology, CWT helps clients derive the greatest value from their travel program in terms of savings, service, security and sustainability. The company is also committed to providing best-in-class service and assistance to travelers. In 2015, sales volume for wholly owned operations and joint ventures totaled US$24.2 billion. As part of its commitment to responsible business, CWT is a signatory of the United Nations Global Compact Ten Principles.
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Carlson Wagonlit Travel announces offering of Senior Secured Notes due 2023 and Senior Notes due 2024
Carlson Wagonlit Travel announced today that Carlson Travel, Inc. (the “Issuer”) intends to offer $750 million (equivalent) of dollar-denominated fixed rate senior secured notes and euro-denominated floating rate senior secured notes due 2023 and $275 million of senior notes due 2024 (together, the “Notes”).
The net proceeds of the offering will be used, together with proceeds from a contribution to the Issuer’s equity, to: (i) fund the redemption of (a) the $415 million in aggregate principal amount of Carlson Wagonlit B.V.’s 6.875% Senior Secured Notes due 2019 and (b) the €300 million in aggregate principal amount of Carlson Wagonlit B.V.’s 7.500% Senior Secured Notes due 2019 and (c) the $360 million in aggregate principal amount of Carlson Travel Holdings, Inc.’s 71/2%/81/4% Senior PIK Toggle Notes Due 2019, (ii) fund the repayment of certain shareholder loans and (iii) pay fees and expenses incurred in connection with the refinancing, the offering and use of proceeds therefrom.
The Notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. person in accordance with Regulation S under the Securities Act and, if an investor is a resident of a member state of the European Economic Area (the “EEA”), only to such an investor that is a qualified investor (within the meaning of Article 2(1)(e) of Directive 2003/71/EC, together with any amendments thereto, including Directive 2010/73/EU, to the extent implemented in the relevant member state (the “Prospectus Directive”)).
Please direct any questions about the attached news release to the CWT Financial Communications Team at cwt.financialcommunications@mycwt.com.
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This document is not an offer of securities for sale in the United States. The Notes may not be sold in the United States unless they are registered under the Securities Act or are exempt from registration. The offering of Notes described in this announcement and any related guarantees have not been and will not be registered under the Securities Act, and accordingly any offer or sale of Notes and such guarantees may be made only in a transaction exempt from the registration requirements of the Securities Act.
It may be unlawful to distribute this document in certain jurisdictions. This document is not for distribution in Canada, Japan or Australia. The information in this document does not constitute an offer of securities for sale in Canada, Japan or Australia.
This document has been prepared on the basis that any offer of the Notes in any Member State of the European Economic Area (“EEA”) which has implemented the Prospectus Directive (2003/71/EC), as amended by Directive 2010/73/EU (each, a “Relevant Member State”) will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of Notes. Accordingly any person making or intending to make any offer in that Relevant Member State of the Notes which are the subject of the placement contemplated in this document may only do so in circumstances in which no obligation arises for the Issuer or any of the initial purchasers of such Notes to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor the initial purchasers of such Notes have authorized, nor do they authorize, the making of any offer of Notes in circumstances in which an obligation arises for the Issuer or any initial purchasers of such Notes to publish or supplement a prospectus for such offer.
This document is only being distributed to, and is only directed at, persons in the United Kingdom that are “qualified investors” within the meaning of Article 2(1)(e)(i), (ii) or (iii) of the Prospectus Directive and that also (i) are “investment professionals” falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
Neither the content of any website of the CWT Group or the Issuer nor any website accessible by hyperlinks on any website of the CWT Group or the Issuer is incorporated in, or forms part of, this announcement. The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.
This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the CWT Group’s or the Issuer’s Group or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the CWT Group or the Issuer does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.
This disclosure includes the release of inside information by Carlson Travel Holdings, Inc. and Carlson Wagonlit B.V. under Regulation (EU) 596/2014 (16 April 2014).
About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.
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CWT/IBS research: how to potentially reduce travel spend by up to 15%
CWT Energy, Resources & Marine and IBS Software Services today launched a report showing how companies can cut their travel spend by up to 15 percent and reduce overall travel arrangement times by up to 75 percent.
The white paper: Mining for Savings in Travel & Logistics explores the opportunities and challenges of consolidating logistics and corporate travel, a growing trend in the energy, resources and marine industry. The disconnect between the two worlds of logistics and commercial travel can sometimes compel companies to make decisions that increase the cost of their overall operations.
Raphaël Pasdeloup, senior vice president, Global Program Solutions – CWT Energy, Resources & Marine, said: “Increasingly, companies in the energy, resources and marine sectors are looking for ways to reduce costs amid the prolonged uncertainty in global markets and volatile oil prices. Despite significant spending cuts, travel remains a key function for these companies to maintain their operations at rigs, fields or mines, which still have to be serviced by crews year round. This is making them look for additional savings by managing their logistics and business travel as a single process.”
Combining logistics and commercial travel presents many potential benefits for companies. Consolidation can make bookings more efficient, simplify reporting, increase traveler compliance and safety, and improve the ability to handle last minute changes, which can produce costs savings.
“Centralizing and managing the process from end to end can help companies gain more control over each of their travelers’ trips. This includes better visibility of worker certifications, end-to-end itinerary management and more. As leaders in the corporate travel and logistics space, CWT and IBS are in a strong position to support companies looking to streamline their travel processes,” added Peter Brady, vice president, Asia Pacific and Global Products, CWT Energy Resources and Marine.
For more detailed information on the benefits of CWT’s and IBS’ seamless booking solution, please refer to the study Mining for Savings in Travel & Logistics.
About CWT Energy, Resources & Marine
CWT Energy, Resources & Marine provides specialized travel management solutions for organizations operating in oil and gas, diversified resources and mining, offshore, marine services and alternative energies. Building on more than 30 years of experience, we work closely with clients worldwide to find the right solutions for their complex travel needs, providing first-class service and leading-edge technology and products.About Carlson Wagonlit Travel
Companies and governments rely on us to keep their people connected. We provide their travelers with a consumer-grade travel experience, combining innovative technology with our vast experience. Every day, we look after enough travelers to fill almost 200 Boeing 747s and around 100,000 hotel rooms, and handle 95 corporate events. We have more than 18,000 people in nearly 150 countries, and in 2016 posted a total transaction volume of US$ 23 billion.