Business travel bookings increase 21% in six weeks, signalling boost in business confidence

CWT launches focus of $100 million know-how, innovation and product investment plans

The submit CWT launches focus of $100 million technology, innovation and product investment plans appeared first on TD (Travel Daily Media) Travel Daily.

CWT, the business-to-business-for-employees (B2B4E) journey administration platform, introduced plans for its $100 million investment within the myCWT journey administration platform and revolutionary product providing. The firm is now transferring ahead with the implementation of its beforehand introduced recapitalization plan.  Hinged round folks, platform and function themes, the 2022 investment plans heart on optimizing CWT’s digital-first proposition, attaining traveler expertise excellence and offering really built-in options.

The first tranche of investment is allotted in the direction of new capabilities coming to market within the subsequent six months as follows:

  • accountable journey initiatives serving to vacationers and journey managers obtain extra purposeful journey and journey packages – in response to 67% of CWT international prospects stating that their firm’s sustainability targets are extra vital for the reason that pandemic.
  • platform connectivity enhancements to make sure a seamless and productive digital expertise for journey managers and their vacationers – reflective of the elevated function know-how performs in rising traveler confidence as they resume touring.
  • broader content material to additional broaden the breadth of journey selection and journey choices – making certain larger flexibility, to suit evolving journey program wants.

On the again of new options launched within the myCWT platform late final yr, first fruits of the brand new investment plan this quarter embrace the introduction of carbon footprint indicators. Thereafter CWT has an bold calendar and cadence of new capabilities, set for supply all through the remainder of yr.

“We are laser-focused on honing our digital-first proposition, delivering integrated solutions that delight travelers and demonstrate experience excellence,” mentioned John Pelant, EVP and Chief Technology Officer. “It gives us the opportunity to accelerate platform development and innovation, while continuing to deliver the most advanced digital products and experience available in corporate travel.”

The submit CWT launches focus of $100 million technology, innovation and product investment plans appeared first on Travel Daily.

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