CWT Sees November Bankruptcy Exit, Projects Return To Positive Cash Flow In 2024

CWT parent Carlson Travel Inc. is anticipating a return to positive cash flow in 2024 when the travel management company is back to 70 percent of its 2019 booked dollar volume. 

Next year, the value of transactions processed would be at 40 percent relative to 2019, followed by 57 percent in 2023, according to projections published in the company's bankruptcy disclosure statement. Total transactions handled would be at 52 percent next year, followed by 68 percent and 79 percent in 2023 and 2024, respectively. The average value per transaction would rise to $420 in 2024 . . .

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Jay Campbell

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.
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