Carlson Wagonlit Travel
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| Carlson Wagonlit Travel | |
|---|---|
| Type | Privately held company |
| Founded | 1994 |
| Headquarters | Paris, France |
| Key people | Douglas Anderson (CEO) |
| Industry | Travel agencies |
| Products | Traveler and transaction services, program optimization, safety and security, meetings and events |
| Revenue | $25.5 billion USD[1] |
| Employees | 22,000[1] |
| Website | Official website |
Carlson Wagonlit Travel (CWT) is a large corporate travel management company.
It operates in more than 150 countries and territories, with 22,000 employees. The company has $25.5 billion in annual sales (including joint ventures) in 2007, from 42 million transactions.
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[edit] History
The group has existed in its present form since 1994, the result of a 50%/50% merger from two large travel agency ventures. The Carlson side was originally from the Ask Mr. Foster Travel Agency chain, which had been rebranded to Carlson Travel Network a decade either. The Wagonlit part came from the travel shop business of Compagnie Internationale des Wagons-Lits. After the merger, Accor maintained its 50% interest up until 2006. Accor sold its shares for in a transaction worth €500m, thereby placing a value of €1bn on CWT at the time)
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