CWT Meetings & Events reports 12% global growth

Agency CWT has recorded an overall sales volume of £17bn ($24.2bn) for 2015, with its meetings and events division seeing 12% global growth.

President and CEO of Carlson Wagonlit Travel, Douglas Anderson
President and CEO of Carlson Wagonlit Travel, Douglas Anderson

CWT reported it had increased new business sales to £1.2bn, while its overall transactions increased by 1.3% to 61.4m.

CWT Meetings & Events recorded 12% growth globally, which it put down to the trend of ‘global companies seeking new opportunities to consolidate, make effective use of their budget spend and improve their meeting and event delegate experience.’

The meetings and events division organised more than 27,500 meetings and events in 2015 for more than 1.2 million delegates. It also acquired French events agency Ormès, creating one of the largest event agencies in France.

Douglas Anderson, president & CEO of CWT, said: "2015 was a challenging year for the industry overall given the continued sharp fall in energy prices and oil in particular. We nevertheless delivered solid results.

"Our solid results demonstrate our ongoing commitment to help our clients run cost effective travel programmes and our travellers to safely reach their destination."

More:

CWT announces changes to senior team

Security the key focus for business travellers, says CWT

Business demand for luxury hotels drops by a fifth, says CWT

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