Leading travel management company BCD Travel today announced its financial results for 2019. Sales totaled US$27.5 billion in 2019, including US$10.9 billion in partner sales. Sales grew by 1% over 2018 despite the global economic uncertainty and political unrest in many parts of the world. New sales again surpassed the US$1 billion mark.
“We’re pleased with our business growth last year and we’ll report more financial information for 2019 by the end of March”, said Cees Batenburg, Global Chief Financial Officer for BCD. “2020 started with an industry-wide slowdown of travel especially in the Far East due to the coronavirus. We’re prepared to execute clients’ policies and assist travelers and travel managers through all the means at our disposal.”
BCD continued its ambitious acquisition strategy in 2019. It purchased Adelman Travel Group, one of the largest full-service travel management companies in North America. It took controlling ownership of its Japan partner, one of the Asia-Pacific region’s most important markets for corporate travel. BCD Meetings & Events bought L37 Creative (L37), an event production and creative media agency headquartered in Chicago, and expanded its global partner network in Taiwan, the 15th market added to its portfolio in the last three years.
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