Company:Carlson Wagonlit Travel
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| Type | Privately held company |
|---|---|
| Industry | Travel agencies |
| Founded | 1994 |
| Headquarters | Minneapolis, United States |
Key people | Kurt Ekert (CEO) |
| Products | Business travel, meetings and events |
| Revenue | $23 billion United States dollar [1] |
| Owner | Carlson |
Number of employees | 18,000[1] |
| Website | Official website |
Carlson Wagonlit Travel (CWT) is a company managing business travel, meetings and events for companies, governments and non-governmental organizations.
Tracing its origins back to the 1870s' invention of rail sleeping cars and the creation of Compagnie International des Wagons-Lits by Belgian Georges Nagelmackers, CWT is a privately held travel management company, wholly owned by Carlson Companies.
Headquartered in Paris, the company reported $23 billion in total transaction values[2] in 2016 and recorded almost 59 million transactions. The company has over 18,000 employees across nearly 150 countries.
History
The group has existed in its present form since 1994,[3] 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 already been rebranded to Carlson Travel Network.[4] The Wagonlit part came from the travel shop business of Compagnie Internationale des Wagons-Lits.
On April 27, 2006, Accor announced the sale of its 50% interest in CWT to Carlson Companies and One Equity Partners, an arm of J. P. Morgan Chase.[5]
On June 22, 2014, the company announced that Carlson, a privately held corporation in the hotel, marketing, restaurant, and travel industries which owned a 55% stake in the company, would purchase the remaining 45%, held by JPMorgan Chase.[6]
References
- ↑ 1.0 1.1 "CWT at a Glance". Carlson Wagonlit Travel. Archived from the original on 2008-09-30. https://web.archive.org/web/20080930071926/http://www.carlsonwagonlit.com/en/global/our_company/cwt_at_a_glance/. Retrieved 2008-09-05.
- ↑ "Carlson Wagonlit Travel breaks US$2bn new business sales barrier | Travel Daily UK" (in en). https://www.traveldailymedia.com/248198/carlson-wagonlit-travel-breaks-us2bn-new-business-sales-barrier/.
- ↑ "Carlson Companies agreed to purchase from a JPMorgan Chase division the 45 percent stake in Carlson Wagonlit Travel that it did not already own.: Business Travel News" (in en). http://www.businesstravelnews.com/Travel-Management/Carlson-Companies-agreed-to-purchase-from-a-JPMorgan-Chase-division-the-45-percent-stake-in-Carlson-Wagonlit-Travel-that-it-did-not-already-own.
- ↑ "History of Carlson Wagonlit Travel – FundingUniverse" (in en). http://www.fundinguniverse.com/company-histories/carlson-wagonlit-travel-history/.
- ↑ Accor. "Accor Divests Stake in Carlson Wagonlit Travel" (in en). http://www.prnewswire.com/news-releases/accor-divests-stake-in-carlson-wagonlit-travel-56773802.html.
- ↑ [1], Minneapolis Star Tribune, accessed June 23, 2014.
External links
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