Hello Travelers! Are you curious about the BTN Corporate Travel 100? Look no further, for we’ve got you covered. The BTN Corporate Travel 100 ranks the largest travel management companies in the United States based on their sales volume. Now in its 35th year, the list provides insights into the trends and changes in the corporate travel industry. So, whether you’re a business traveler or simply interested in the industry, read on to discover the latest trends and developments in the BTN Corporate Travel 100.
What is BTN Corporate Travel 100?
If you work in the corporate travel industry, you might have come across BTN’s Corporate Travel 100 list, which ranks the largest travel management companies (TMCs) in the United States based on their 2019 annual bookings. This list provides insights into which TMCs are leading the industry and captures changes in the market over time.
The Methodology behind BTN Corporate Travel 100
To compile the list, Business Travel News (BTN) surveyed TMCs in the U.S. and used their 2019 air bookings to rank them. In total, 48 TMCs participated in the survey. Companies that did not provide their air booking data were analyzed using estimates provided to BTN by industry insiders.
| No | BTN Corporate Travel Top 10 List |
|---|---|
| 1 | BCD Travel |
| 2 | CWT |
| 3 | Expedia Group / Egencia |
| 4 | Amex GBT |
| 5 | JTB Americas |
| 6 | Corporate Travel Management |
| 7 | Flight Centre Travel Group |
| 8 | Ovation Travel Group |
| 9 | FROSCH |
| 10 | Travel and Transport |
Why Is BTN Corporate Travel 100 Important?
BTN Corporate Travel 100 is an important source of information for companies that use TMC services. By knowing which TMCs are leading the industry, companies can evaluate their current provider and understand what other options are available to them. Additionally, it provides TMCs with insights into their performance and helps them to identify areas for improvement.
BTN Corporate Travel 100: What the Numbers Tell Us
BTN Corporate Travel 100 provides a wealth of information about the travel industry. Not only does it give us an idea of which TMCs are leading the market, but it also captures trends and changes in the industry over time. Here are some key insights that we can gather from the list:
1. The Top 10 TMCs Account for the Majority of Bookings
Unsurprisingly, the top 10 TMCs in the list account for a significant portion of all travel bookings. In fact, they represent around 76% of the market, with BCD Travel alone responsible for over $25 billion in bookings.
2. Some TMCs Are Growing Faster Than Others
While the overall market grew by 3.3% in 2019, some TMCs saw much higher growth rates. For example, JTB Americas grew by 15.1%, while Corporate Travel Management saw a growth of 10.5%. This suggests that some TMCs are winning over clients and taking market share from their competitors.
3. The Top 10 TMCs Are Becoming More Dominant
The top 10 TMCs are becoming more dominant in the market, with their share of the market increasing from 72% in 2018 to 76% in 2019. This suggests that smaller TMCs are struggling to compete with the larger players and may be at risk of being acquired or going out of business.
The Importance of BTN Corporate Travel 100 Ranking
BTN Corporate Travel 100 ranking provides a comprehensive list of the top 100 travel companies that managed the largest volume of air transactions in the United States over the previous year. This ranking is crucial for many reasons, including:
Sub-Subtitle 1: Industry Benchmarks
BTN Corporate Travel 100 ranking serves as an industry benchmark, providing a guideline for corporate travel managers on which suppliers and travel management companies to incorporate in their travel programs. It also allows for comparison between companies in terms of the volume of air transactions and the overall market share.
Sub-Subtitle 2: Negotiation Power
For travel suppliers and management companies, being listed on BTN Corporate Travel 100 provides greater negotiation power when dealing with potential clients. Clients are more likely to trust companies with a higher volume of air transactions, thereby increasing their chances of winning new business and retaining existing clients.
Sub-Subtitle 3: Corporate Travel Trends
BTN Corporate Travel 100 also highlights the trends and shifts in the corporate travel industry, particularly when it comes to the use of technology, supplier consolidation, and adoption of sustainability practices. It enables travel managers to stay up-to-date with the latest trends and adjust their travel programs accordingly.
| No | BTN Corporate Travel 100 Ranking Data |
|---|---|
| 1 | In 2021, American Express Global Business Travel topped the list of BTN Corporate Travel 100 with 9,127,500 air transactions. |
| 2 | The total air transactions volume of the top 100 companies in 2021 was 421,603,710. |
| 3 | The top 10 travel management companies accounted for 79% of the total air transactions in 2021. |
Companies and suppliers listed in BTN Corporate Travel 100 ranking gain numerous benefits, from industry benchmarking to negotiation power and insights on travel trends. As such, this ranking has become a significant event in the corporate travel calendar.
| No | Important Information About BTN Corporate Travel 100 |
|---|---|
| 1 | BTN Corporate Travel 100 is a list of the largest corporate travel management companies in the United States |
| 2 | The list is compiled annually by Business Travel News, a leading industry publication |
| 3 | The rankings are based on a combination of factors including total sales volume, number of transactions, and overall market share |
| 4 | BTN Corporate Travel 100 provides valuable insights into the state of the corporate travel industry and the companies that are leading the way |
| 5 | The companies on the list offer a range of services including travel booking and management, expense reporting, and travel policy consultation |
| 6 | BTN Corporate Travel 100 is a widely recognized benchmark in the corporate travel industry and is closely watched by industry experts and analysts |
BTN Corporate Travel 100: What It Means for the Industry
BTN Corporate Travel 100 is one of the most respected and reliable sources of information when it comes to ranking the top travel management companies in the industry. For years, travel managers and industry professionals have relied on the BTN Corporate Travel 100 list to identify the best TMCs and make informed decisions on who to work with.
The Criteria Used in the BTN Corporate Travel 100 Ranking
BTN Corporate Travel 100 is based on a number of factors, including transaction volume, client roster, and market share. Companies that make it onto the list are the ones that have demonstrated reliable and consistent performance and have earned the respect and trust of their clients and peers.
According to BTN’s website, “we divide travel management companies into four categories: mega ($1 billion or more); large ($100 million to $999 million); midsized ($25 million to $99.9 million); and small (less than $25 million). We use a formula that includes such individual criteria as ARC air volume, ARC transactions, number of U.S.-booked air transactions, number of U.S.-booked air transactions with non-North American origins and annual client billings.”
| Category | Criteria |
|---|---|
| Mega | $1 billion or more in annual sales |
| Large | $100 million to $999 million in annual sales |
| Midsized | $25 million to $99.9 million in annual sales |
| Small | Less than $25 million in annual sales |
The Importance of BTN Corporate Travel 100 Ranking
BTN Corporate Travel 100 ranking is more than just a list of the top TMCs in the industry. It is also a reflection of the state of the industry as a whole. The companies that make it onto the list are the ones that have the most transaction volume, clients, and market share, and are therefore the ones that are driving the industry forward. As such, travel managers and industry players can use the list to make informed decisions on which TMCs to work with and ensure that they are working with the best of the best.
The Future of BTN Corporate Travel 100 Ranking
The BTN Corporate Travel 100 ranking is an ever-evolving list, and as the industry changes, so will the ranking criteria. In the past few years, we’ve seen new technologies and trends emerge, and we can expect to see more changes moving forward. Nevertheless, BTN Corporate Travel 100 will remain a valuable resource for those looking to navigate the ever-changing landscape of the travel management industry.
The Methodology of BTN Corporate Travel 100
BTN Corporate Travel 100 is very reliable because it ranks travel agencies based on objective data. It does not only base on emotions or personal preferences but on hard metrics that many corporate travelers use. BTN draws the list from voluntary submissions by travel management companies (TMCs) in North America.
The Metrics
The quantitative data evaluated by BTN includes air volume, transaction volume as well as number of transactions, client profile, hotel volume, and transactions. They also calculate the percentage of bookings that are made outside the North American market.
“BTN’s Corporate Travel 100 list gives a good picture of which corporations are doing big business in North America.”
The Scoring System
TMCs are ranked by the decimal in US dollars of their 2020 bookings. Floor values for the bottom ranks are established at 50% of the dollar amount of the company ranked immediately above them.
The BTN Corporate Travel 100 2021 Edition
BTN Corporate Travel 100 presents the largest, most influential corporate travel management companies that are servicing the needs of corporate travelers. According to BTN, the combined sales for 2020 of the list of agencies reached over $34 billion, a decrease of 52% since 2019 due to the Covid-19 pandemic.
The Top 10 TMC on BTN Corporate Travel 100 List
| No | Company |
|---|---|
| 1 | CWT Solutions Group |
| 2 | BCD Travel |
| 3 | American Express Global Business Travel |
| 4 | Frosch |
| 5 | HRG North America |
| 6 | Nova Travel Club |
| 7 | Gant Travel |
| 8 | Fox World Travel |
| 9 | Corporate Travel Management North America |
| 10 | Panorama Travel |
The Impact of the Covid-19 Pandemic to the List
The Covid-19 crisis has fundamentally changed the travel management landscape. The pandemic has had a devastating impact on the companies listed on the BTN Corporate Travel 100. They experienced a drop in revenues of at least 50%, with the top player, CWT Solutions Group, losing $23.2 billion in revenue compared to the previous year. Experts estimate that the full recovery of the industry will take up to 2024 due to health and safety concerns and the uncertainty surrounding governmental travel restrictions.
Highlights of BTN Corporate Travel 100 List
The BTN Corporate Travel 100 List is a highly anticipated yearly ranking of the largest corporate travel management companies in the United States. This comprehensive list is a must-read for travel industry professionals looking to understand market trends and the biggest players in the industry. Here are some of the highlights from the 2021 BTN Corporate Travel 100.
1. American Express Global Business Travel Remains on Top
For the seventh consecutive year, American Express Global Business Travel claimed the top spot on the BTN Corporate Travel 100 List. With $7.2 billion in annual sales, the company continues to dominate the industry.
2. Pandemic Impacts on the List
Unsurprisingly, the COVID-19 pandemic had a significant impact on the 2021 BTN Corporate Travel 100 List. The total sales of the top 100 companies decreased by 52.6% compared to 2019. The top 10 companies also saw a decrease in sales, with an average drop of 71.9%.
3. Rise of Niche Providers
While the pandemic has brought significant challenges to the corporate travel industry, it has also created opportunities for niche providers. Companies that specialize in technologies like virtual meetings and remote work are gaining market share. Additionally, niche providers that focus on a specific geographic region or type of travel are also seeing growth.
| No | Top 5 Companies on 2021 BTN Corporate Travel 100 | Total Sales |
|---|---|---|
| 1 | American Express Global Business Travel | $7.2 billion |
| 2 | CWT | $3.4 billion |
| 3 | BCD Travel | $3.2 billion |
| 4 | Frosch | $1.9 billion |
| 5 | Corporate Travel Management | $1.6 billion |
Advantages of Being Listed in BTN Corporate Travel 100
Being listed in BTN Corporate Travel 100 is a great achievement for any travel management company. The list is highly regarded in the industry and is widely used as a benchmark for comparing travel management companies. Below are some of the key advantages of being listed in BTN Corporate Travel 100:
Increased Visibility
Being listed in the BTN Corporate Travel 100 means your company is among the 100 largest travel management companies in the United States. This gives your company increased visibility and credibility, making it easier to attract new clients. The recognition can also help your company attract top talent in the industry.
Benchmark for Performance
BTN Corporate Travel 100 provides a benchmark for comparing the performance of different travel management companies. Companies in the list are ranked based on various factors such as transaction volume, market share, and revenues. Being listed in the BTN Corporate Travel 100 can help your company identify areas where it can improve its performance and stay competitive in the industry.
Networking Opportunities
Companies listed in BTN Corporate Travel 100 are invited to attend networking events and conferences where they can interact with other leading travel management companies in the industry. These events can provide opportunities for partnerships, collaborations, and knowledge sharing.
| No | Advantages of Being Listed in BTN Corporate Travel 100 |
|---|---|
| 1 | Increased Visibility |
| 2 | Benchmark for Performance |
| 3 | Networking Opportunities |
BTN Corporate Travel 100: Key Takeaways
Now that we have explored the BTN Corporate Travel 100 list, let us summarize the key takeaways from the report:
1. Business Travel is Bouncing Back
The rebound in travel demand is clearly reflected in the BTN Corporate Travel 100 results. With a combined air volume of over $14 billion in 2019, the top 100 companies on the list represent the largest spenders in U.S. business travel. This figure shows that many businesses are increasing their travel budgets, which is a positive sign for the industry.
2. Technology Plays a Significant Role in Business Travel
BTN’s report highlights that technology has become an integral part of corporate travel management. Many companies on the list rely heavily on technology to manage their travel programs effectively. This includes online booking tools, travel apps, automated expense management systems, and more.
3. Air Travel Dominates Business Travel
Among the top 100 companies, air travel accounts for the majority of travel spend. This is consistent with the broader trends in corporate travel, where air travel continues to be the preferred mode of transportation for business trips of all lengths. However, the report also shows that companies are exploring alternative travel options, including rail travel and car rental services.
| No | BTN Corporate Travel 100: Key Takeaways |
|---|---|
| 1 | Business travel spending is on the rise, as reflected in the results of the BTN Corporate Travel 100 list. |
| 2 | Technology is an integral part of corporate travel management, with companies relying heavily on various tools and systems to streamline their programs. |
| 3 | Air travel continues to dominate business travel, though companies are exploring other options like rail and car rental services. |
BTN Corporate Travel 100
Frequently Asked Questions (FAQs) about BTN Corporate Travel 100
1. What is BTN Corporate Travel 100?
BTN Corporate Travel 100 is a ranking of the top 100 corporate travel management companies in the United States.
2. How is the BTN Corporate Travel 100 ranking determined?
The ranking is determined by BTN’s research team, which uses a combination of factors including annual sales volume and number of employees dedicated to corporate travel management.
3. How often is the BTN Corporate Travel 100 ranking updated?
The ranking is updated annually.
4. What is the benefit of using a corporate travel management company?
Corporate travel management companies can help businesses save money and time by arranging travel itineraries and negotiating deals with airlines, hotels, and other travel vendors.
5. Do all corporate travel management companies offer the same services?
No. Each company may offer different services depending on their area of expertise and the needs of their clients.
6. How do I choose the right corporate travel management company for my business?
You should consider factors such as the company’s experience in your industry, the range of services offered, and their reputation for customer service.
7. How much does it cost to use a corporate travel management company?
This varies depending on the company and the services requested. Some companies charge a percentage of the total travel spend, while others charge a flat fee or hourly rate.
8. Can I negotiate with a corporate travel management company to get a better deal?
Yes. Many companies are open to negotiation, especially if you are a large or long-term client.
9. Will a corporate travel management company help me with visa and passport applications?
Some companies do offer assistance with visa and passport applications, but not all. You should check with the company before hiring them.
10. Can I book travel myself and still use a corporate travel management company?
Yes. Many companies offer a hybrid model where you can book some travel yourself and have the company handle the rest.
11. What happens if there is a travel disruption, such as a flight cancellation or delay?
Your corporate travel management company should have a plan in place to handle travel disruptions, including rebooking flights and finding alternative travel arrangements.
12. What if I have a problem with a hotel or airline booked through the corporate travel management company?
You should contact the company’s customer service team to report the issue and have them handle the situation on your behalf.
13. Can I use a corporate travel management company for personal travel?
Some companies may offer services for personal travel, but most specialize in corporate travel management.
14. Is there a minimum travel spend required to use a corporate travel management company?
Some companies may have a minimum spend requirement, while others are willing to work with businesses of all sizes.
15. What is duty of care and how does a corporate travel management company ensure it?
Duty of care refers to a company’s responsibility to take care of its employees while they are traveling on business. Corporate travel management companies can help ensure duty of care by providing traveler tracking, emergency response services, and travel risk management.
16. What if I need to cancel or change my travel plans?
Your corporate travel management company should have a policy in place for cancelations and changes. You should check with them before booking to understand their policies.
17. Can I earn frequent flyer miles and rewards when booking through a corporate travel management company?
Yes, in most cases you can still earn frequent flyer miles and rewards when booking through a corporate travel management company.
18. What if I need to book travel outside of the United States?
Many corporate travel management companies have a global presence and can assist with travel arrangements outside of the United States.
19. Can I use a corporate travel management company for group travel?
Yes. Many companies have experience with group travel and can handle arrangements for multiple travelers at once.
20. What if I need to book travel at the last minute?
Many corporate travel management companies offer 24/7 assistance for last-minute travel bookings and emergency travel situations.
21. What if I need to book travel to a remote or hard-to-reach location?
Your corporate travel management company should have experience with arranging travel to remote or hard-to-reach locations and can work with local travel vendors to ensure a successful trip.
22. Are all corporate travel management companies licensed and insured?
Not all companies are licensed and insured. You should check with the company before hiring them.
23. Can a corporate travel management company help me with meetings and event planning?
Many companies offer services for meetings and event planning in addition to corporate travel management.
24. Will I have a dedicated account manager at the corporate travel management company?
Many companies provide a dedicated account manager for each client to ensure personalized service.
25. What if I have specific travel requirements, such as for accessibility or dietary restrictions?
Your corporate travel management company should be able to accommodate specific travel requirements and can work with travel vendors to ensure your needs are met.
26. Can I request a customized travel policy for my business?
Yes. Many companies can work with you to create a customized travel policy that meets your specific needs.
27. What if I have questions or concerns during my trip?
Your corporate travel management company should have a customer service team available to assist with any questions or concerns during your trip.
28. What if I am not satisfied with the service provided by the corporate travel management company?
You should contact the company’s customer service team to report your concerns and work with them to find a resolution.
29. Can I compare pricing and services between different corporate travel management companies?
Yes, you should compare pricing and services between different companies to find the right fit for your business.
30. Is it worth using a corporate travel management company?
Many businesses find that using a corporate travel management company is worth the investment in terms of cost savings and increased efficiency.
Until Next Time, Travelers!
We hope you enjoyed reading about our BTN Corporate Travel 100 list and found it informative. Remember, this is just the beginning. There are endless places to explore and adventures to be had. We encourage you to continue exploring and discovering new destinations. Thanks for reading and be sure to come back for more exciting travel content! Safe travels, Travelers!
