CWT
- Company typePrivate
- Founded1994
- HeadquartersMinnetonka, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
CWT firmographics
Firmographics- Name
- CWT
- Legal name
- CWT Global B.V.
- Website
- https://mycwt.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
CWT industry classification
Industry- Product category
- Corporate Travel Management
- NAICS
- Convention and Visitors Bureaus (561591)
- SIC
- Transportation Services (4700)
- akta.pro primary industry
- Full-Service Corporate TMCs (End-to-End Managed Travel) (THAKACAA)
- akta.pro secondary industries
- Corporate Mobility & Ground Transport Management (THALANAI), Online Booking Tools (OBT) & Corporate Booking UX (THALAGAD), Customer Support, Contact Center & Case Management (Omnichannel) (THALAGAK), Business Travel Car Rental (TMC/OBT Integrated) (THADAOAC), Travel Payments & Virtual Cards for Corporate Travel (THALAMAJ)
Keywords
Where CWT is headquartered
LocationHeadquarters
- HQ city
- Minnetonka
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
CWT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Travel Transaction Services: CWT earns transaction fees from booking travel reservations including flights, hotels, car rentals, and rail for corporate clients. Revenue generated through arrangements with travel suppliers, GDS systems, and online booking tools.
- Managed Travel Services: Comprehensive travel management services including travel policy compliance, spend analysis, duty of care, and reporting provided under commercial agreements with corporate clients.
- Meetings & Events Services: Planning and management of corporate meetings, events, and conferences including badge production, catering coordination, and audio-visual services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise corporate travel management |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
CWT product offering
Product offeringCore offering
CWT is a corporate travel management company that books and manages business travel (flights, hotels, car rentals, rail) for multinational corporations and government clients via its myCWT web/mobile platform, 24/7 travel counselors, and partner network. It also operates a Meetings & Events division that plans and manages corporate meetings, conferences, and events, and offers travel consultancy services including sustainability and price-optimization solutions.
Product overview
CWT is a travel management company offering a platform-plus-modules architecture centered on the myCWT digital platform. The core myCWT platform (web and mobile app) provides booking across flights, hotels, car rentals, and trains, supported by 24/7 counselor chat. This integrates with the CWT Analytics / CWT AnalytIQs business intelligence platform for reporting and the AI-powered TIM analyst for natural language data queries. Additional modules include the CWT Air Price Optimization solution for fare monitoring, the Travel Essentials Widget for visa/restriction information, CWT Business Rates for negotiated hotel pricing, CWT Solutions Group consulting with ECO carbon reporting, and CWT Meetings & Events for event management. The platform is supplemented by the Traveler Help Center for support.
Differentiator
Problem solved
Functional benefit
Brands
- myCWT: CWT's integrated travel platform offering mobile app, web booking portal, and traveler self-service tools for business travel management.
- CWT AnalytIQs
- CWT Meetings & Events
- CWTSatoTravel
Products and services
- myCWT Platform and Mobile App Integrated digital travel platform available on web and native iOS/Android apps that allows corporate travelers to book flights, hotels (800,000+ properties), car rentals, and trains, manage itineraries, chat with counselors, and receive travel alerts.
- CWT Analytics / CWT AnalytIQs Business intelligence platform providing 24/7 access to travel data with dashboards and reporting on bookings, spend, ticket usage, compliance, and carbon footprint for corporate travel programs.
- CWT Air Price Optimization Solution AI-powered airfare optimization tool that monitors fast-changing fares and identifies optimal booking opportunities to generate savings for corporate travel programs.
- CWT Meetings & Events Meetings, conferences, and events management service for corporations, including venue sourcing, badge production, catering coordination, audio-visual services, and a carbon calculator co-developed with Thrust Carbon. Managed over 30,000 meetings and events globally in 2023.
- CWT Sustainable Travel Solutions Suite of sustainability offerings for corporate travel programs including carbon footprint tracking, ECO Reporting (developed with Atmosfair), Sustainable Aviation Fuel access via SQUAKE and Neste, and ESG reporting.
- CWT Business Rates Negotiated hotel program offering up to 20% off best available rate (BAR) at participating properties with business-friendly amenities such as WiFi and last room availability.
- CWT Solutions Group (Consultancy) Travel consultancy and enhanced reporting services including ECO Reporting (Employee Wellbeing, Climate Impact, Organizational Performance) with carbon footprint monitoring, benchmarking, and travel program advisory.
- CWT Traveler Help Center
Quantifiable outcome
- $410K savings on air and hotel spend in 6 months
- +3 more outcomes
Companies that use CWT
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
CWT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability9 records
Feature6 records
CWT partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- ThalescoreLongstanding global partnership extended for travel management services covering comprehensive corporate travel program management.
- dormakabaminorDormakaba consolidated its travel program with CWT for comprehensive travel management services.
- SQUAKEcoreGlobal partnership enabling corporate travel programs to access Sustainable Aviation Fuel (SAF) at scale. The partnership helps companies incorporate SAF into their sustainability strategy through book-and-claim methods.
- Thrust CarboncoreCo-developed meetings and events carbon calculator with Thrust Carbon, known for powering sustainability behind over $50 billion of travel spend. Calculator covers event destination, transportation, accommodation, venues, food and beverage, materials, and waste management.
- NestecorePartnership with SAF-producer Neste for accelerating emission reductions through partnerships to increase sustainable aviation fuel uptake for corporate travel customers.
- AtmosfaircorePartnership for ECO Reporting providing comprehensive carbon reporting using science-based methodologies and parameters for detailed environmental impact measurement.
- GBTA (Global Business Travel Association)coreAnnual joint publication of CWT GBTA Global Business Travel Forecast providing industry pricing outlook, trend analysis, and market intelligence.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
CWT competitors and assessment
Company assessmentDirect peers
- Egencia (Expedia Group): Egencia is Expedia Group's corporate travel brand, offering managed travel, OBT, and reporting for enterprises globally. It competes directly with CWT across mid-market and enterprise accounts with a technology-led model.
- SAP Concur: Concur is the dominant SaaS platform for corporate travel, expense, and invoice management used by enterprises. It overlaps with CWT's myCWT OBT, expense reporting, and duty-of-care capabilities, and competes for the same corporate travel budget via its Travel & Expense suite that connects corporate card data with booking workflows.
- HRS Group: HRS is a corporate hotel booking platform and TMC operating in Europe and globally, focused on lodging procurement and payment solutions. It competes with CWT's hotel offering (CWT Business Rates, 800,000+ properties) for corporate lodging contracts.
- FCM Travel Solutions: FCM (part of Flight Centre Travel Group) is a direct competitor in the corporate travel management market with global enterprise coverage. It provides the same managed travel, OBT, meetings & events, and account management services targeting multinational clients.
- BCD Travel: BCD Travel is one of the world's largest corporate travel management companies, a direct competitor to CWT across multinational enterprise accounts. It offers the same end-to-end managed travel, OBT, meetings & events, and corporate reporting services — competing head-to-head for large RFPs.
- Corporate Travel Management (CTM): CTM is a publicly traded global corporate travel management company with strong presence in North America, Europe, and APAC, directly competing with CWT for enterprise managed travel contracts. It offers comparable booking, expense, traveler care, and meetings & events capabilities.
- American Express Global Business Travel (Amex GBT): Amex GBT is the direct acquirer of CWT and the largest corporate travel management company globally. They share the same product (end-to-end managed corporate travel, OBT, meetings & events), customer base (multinational enterprises), and business model (transaction fees, supplier overrides, managed services). CWT now operates as a brand under Amex GBT.
Emerging players
- Navan (formerly TripActions): Navan is a fast-growing corporate travel and expense platform combining AI-native booking with corporate cards. It competes with CWT's myCWT OBT and Concur for enterprise and mid-market accounts, leveraging a modern tech stack to challenge traditional TMCs.
- Spotnana: Spotnana is a cloud-native corporate travel platform offering modern OBT and TMC-as-a-service capabilities. It overlaps with CWT's myCWT platform and represents an emerging architecture-first challenger to traditional TMC booking infrastructure.
Others
- Travelport: Travelport is a global travel distribution platform (GDS) and technology provider. It is connected rather than directly competitive — CWT relies on GDS systems for reservation data and shares the corporate travel supply chain with Travelport as an enabling infrastructure vendor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CWT social profiles
Digital presenceCWT financial estimates
Financial estimateRevenue estimate
Valuation estimate
CWT leadership team
Management profileNumber of profiles
Profiles4 records
CWT subsidiaries and ownership
Company hierarchySubsidiaries19 records
CWT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CWT M&A and investment
M&A and investmentM&A9 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CWT
What does CWT do?
CWT is a corporate travel management company that books and manages business travel (flights, hotels, car rentals, rail) for multinational corporations and government clients via its myCWT web/mobile platform, 24/7 travel counselors, and partner network. It also operates a Meetings & Events division that plans and manages corporate meetings, conferences, and events, and offers travel consultancy services including sustainability and price-optimization solutions.
Is CWT a public or private company?
CWT is a private company. It is classified as corporate owned and is currently acquired.
When was CWT founded?
CWT was founded in 1994. It employs 5,001 to 10,000 people.
Where is CWT based?
CWT is headquartered in Minnetonka, United States, in the North America region.
How does CWT make money?
Three revenue lines are on record. Travel Transaction Services are the primary driver. The others are managed Travel Services and meetings & Events Services.
Who are CWT's main competitors?
Direct peers on record are Egencia (Expedia Group), SAP Concur, HRS Group, FCM Travel Solutions, BCD Travel, Corporate Travel Management (CTM) and American Express Global Business Travel (Amex GBT). Emerging players are Navan (formerly TripActions) and Spotnana. Travelport is listed as an others.
Does CWT have an API?
No public API is recorded for CWT.
What industry is CWT in?
CWT's product category is Corporate Travel Management. Its primary akta.pro industry code is THAKACAA, Full-Service Corporate TMCs (End-to-End Managed Travel), with a secondary code of THALANAI, Corporate Mobility & Ground Transport Management. Its NAICS code is 561591 and its SIC code is 4700.