Carlson Wagonlit Travel

























































CWT
Trading name
 CWT
Formerly
 Carlson Wagonlit Travel
Type
 Privately held company
Industry Travel agencies
Founded 1994
Headquarters
Minneapolis, United States
Key people
 Kurt Ekert (CEO)
Products Business travel, meetings and events planning
Revenue $1.5 billion USD[1]
Owner Carlson
Number of employees
 18,000[1]
Website Official website

CWT (formerly Carlson Wagonlit Travel)[2] 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 Minneapolis, the company reported $25 billion in total transaction volume[3] in 2016 and recorded almost 59 million transactions. The company has over 18,000 employees across around 145 countries.



History


The group has existed in its present form since 1994,[4] 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.[5] 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.[6]


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.[7]


On February 18, 2019, the company announced that it was rebranding as CWT.[2]



References





  1. ^ ab "CWT at a Glance". Carlson Wagonlit Travel. Archived from the original on 2008-09-30. Retrieved 2008-09-05..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ ab "CWT is the New Name in Digital Business Travel, Hotel Distribution, and Meetings & Events". Mynewsdesk (Press release). Retrieved 2019-02-21.


  3. ^ "Carlson Wagonlit Travel breaks US$2bn new business sales barrier | Travel Daily UK". Travel Daily UK. Retrieved 2017-03-16.


  4. ^ "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". www.businesstravelnews.com. Retrieved 2017-03-16.


  5. ^ "History of Carlson Wagonlit Travel – FundingUniverse". www.fundinguniverse.com. Retrieved 2017-03-16.


  6. ^ Accor. "Accor Divests Stake in Carlson Wagonlit Travel". www.prnewswire.com. Retrieved 2017-03-16.


  7. ^ [1], Minneapolis Star Tribune, accessed June 23, 2014.




External links


  • Carlson Wagonlit Travel








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