CWT closes 2018 with a volume of 22,146 million for travel transactions, 6% more

The corporate travel management platform closed 2018 with a total volume of transactions of 25,000 million dollars (22.l46 million euros) in 2018, representing an increase of 6.1% over the previous year.

The volume of sales in concept of new fundings, excluding renewals, amounted to 1,700 million dollars (1,505 million euros), driven by the growth experienced in North America and the Asia-Pacific area.

The revenues of the company, which has four specialized divisions, reached 1,500 million dollars (1,328 million euros), representing an increase of 4.9% over 2017. Its hotel division, Roomlt by CWT, increased 12%. , 8% turnover, while its consulting division achieved a 4.2% increase in revenues.

In the MICE segment, it experienced a 6% increase in revenues, compared to the stability registered in its travel division for companies in the oil and gas sectors, etc.

The company has also highlighted the 20% increase in technological investment made last year, while the rate of hotel rooms contracted with flights grew by 1.5%. The mobile application myCWT was downloaded more than 650 times a day and the retention rate reached 96%.