2022 U.S.-Booked
Air Volume: $72.8M
2022 U.S. T&E: $352M
Primary U.S. Air Suppliers: Delta, American, United
Primary U.S. Hotel Suppliers: Hilton, Marriott, IHG
Primary U.S. Car Rental Suppliers: Hertz, Enterprise/National
Primary U.S. Online Booking Tool: Concur
Primary U.S. Payment Supplier: Citi
Primary U.S. Expense Supplier: Concur
Primary Risk Management Supplier: Crisis24
Consolidated Global TMC: CWT
Conglomerate General Electric is in
the midst of a significant corporate restructuring that by next year will
include spinoffs of three standalone companies, moves that are affecting the
structure of the company's travel management program. GE in January 2023 spun
off GE HealthCare into a publicly traded standalone company, which
will be followed in 2024 by the spinoffs of GE Aerospace and GE Vernova, the
latter comprising GE's energy businesses.
GE's travel program as well is in the
process of separating into separate entities to prepare to support each of the
new standalone companies.
GE's 2022 U.S.-booked air volume
rebounded substantially from 2021 levels. The company has set a target of
becoming by 2050 a net-zero company for the Scope 3 emissions from the use of
sold products.
GE's 2022 revenue was about $76.6
billion, up about $2.4 billion from the year prior. At the end of 2022, GE
employed about 172,000 people. About 49,000 of them joined GE
HealthCare upon that new company's spinoff.