United Kingdom
United States
Asia Pacific
Carlson chief predicts cuts and consolidations
Carlson Wagonlit Travel’s new chief executive Hubert Joly has hinted he will cut costs and carry out further acquisitions over the next three years.
Three months into his new job, Mr Joly outlined his strategy and said he expected future trading conditions to be tough.
“The next few years will continue to be characterised by corporations looking for savings in their travel budgets and quality services for their travellers, along with a great deal of fluctuations and challenges in the procurement of travel, as well as further consolidation of the travel management industry,” said Mr Joly.
He added CWT’s mission was to be the ‘leanest travel transaction processor’ in terms of cost, quality and service.
Mr Joly said it had several key strategies to help achieve its goals. It was vital, he claimed, to successfully integrate recent acquisitions such as Protravel in France, Maritz Corporate Travel in the US and Onboard in Germany.
CWT also planned to lead the global trend in self-booking and expand its consulting, programme management and outsourcing services.
Mr Joly said hotel spend often accounted for half of a corporation’s travel budget, so it was vital to take advantage of opportunities in that sector.
CWT also plans to penetrate more global, mid-sized and small companies and expand in markets throughout the world.
“CWT is approaching the next three years from a position of strength as one of only two truly global travel management companies in a market that has started to rebound,” said Mr Joly.
Related News Stories:
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls