CWT predicts exit from bankruptcy in November and projects positive cash flow by 2024

CWT’s parent company, Carlson Travel Inc., expects a return to positive cash flow in 2024, when the travel management company will return to 70% of its booked dollar volume in 2019.

Next year, the value of transactions processed would be 40% from 2019, followed by 57% in 2023, according to projections released in the company’s bankruptcy declaration. Total transactions processed would be 52% next year, followed by 68% and 79% in 2023 and 2024, respectively. The average value per transaction would rise to $ 420 in 2024. . .

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Tagged Carlson Wagonlit Travel, coronavirus, Covid-19, CWT, employment, forecast, employment, Premium, takeover, travel management company

Author: Jay campbell

Jay Campbell in 2004 created the Business Travel Newsletter Rhythm, in 2006 co-founded Travel purchases magazine and in 2010 incorporated them into Business Travel News. He held the position of Editorial Director until 2013. Jay made his debut in the travel industry in 1993 at Air travel journal from Boston while earning his undergraduate journalism degree from Boston University.

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