BCD Travel has announced financial results for 2018. Total sales for the travel management company were US$27.1 billion, including $10.7 billion in partner sales. Sales grew by 6% over 2017; new sales once again surpassed the $1 billion mark.
“2018 was an exceptional year for BCD Travel on many levels,” said BCD President and Chief Executive Officer John Snyder. “Our focus on partnership and innovation, designed to engage travelers and drive intelligent programs, continued to attract new business and enable current clients to extend the reach of their programs. It also helped us maintain our industry’s most consistent client retention rate over the past decade.”
The TMC’s continued strong performance is fueled by its competitive growth plan. In 2018, BCD reinvested over 40% of its earnings before interest, tax, depreciation and amortization (EBITDA) into technology and infrastructure. A large portion of that investment was devoted to BCD’s digital platforms, including DecisionSource®, an analytics and intelligence platform for corporate travel managers, and TripSource®, a powerful trip management platform.
Read BCD Travel’s full financial announcement, and ask how business travel innovations are driving improvements for BCD clients across the globe.