2019 U.S.-Booked Air
Volume: $49 million
2019 Global Air Volume: $155 million
Primary Air Suppliers: United, BA,
Southwest
Primary Hotel Suppliers: Hilton,
Marriott, IHG
Primary Car Rental Supplier: Hertz
Primary Global Online Booking Tool: Egencia
Primary U.S. Payment Supplier: Citi
Card Program: Individual
Bill/Central Pay
Primary Global Expense Supplier: Concur
Travel Risk Management Supplier: Palantir Technologies
Consolidated Global TMC: Egencia
In 2019, BP had $49 million in U.S.-booked air volume, a
drop from $60 million in 2018. The company achieved revenue of $280 billion in
2019. BP expects its U.S.-booked air volume to fall to $20 million in 2020 and
land between $25 million and $30 million in 2021 due to the Covid-19 pandemic.
The company plans to reinvent BP's structure and fortify its commitment to
carbon neutral activities. BP requires travelers to justify their travel. In 2019,
30 percent of U.S.-booked air spend was for domestic travel, and 90 percent of
U.S.-booked tickets were made through approved online tools.
After contracting with CWT for 20 years, BP changed its
global TMC to Egencia in October 2019 after executing a global RFP. By year
end, the travel team implemented 45 countries on the new travel platform. The
remaining 22 countries were implemented in the first and second quarters of
2020. After the change, the number of countries with a self-serve online booking
tool rose from 14 to 37. BP has a single global travel policy and a single
travel policy for the U.S. BP did not make any changes to the global travel
policy in 2019 but is considering a review in 2020 to determine if any changes
should be made addressing advance ticketing and lowest logical airfare, as
buying air fares evolves with fare tracker technology and New Distribution
Capability.