2021 U.S.-Booked Air Volume: $2.3 million
Primary U.S. TMC: Direct Travel
South Korea-based LG Electronics in 2021 spent $2.3 million
U.S.-booked air travel spend, up from $1.3 million in 2020, according to BTN
estimates.
LG reported record revenues of $65.3 billion in 2021, a 29
percent increase over 2020. Operating profit of $3.4 billion fell 1 percent
from the previous year. LG has been affected by supply chain issues, including
semiconductor production, and a hike in component and logistics costs.
LG has achieved 40 percent carbon-neutrality compared with
its base year of 2017. Its goal is to be carbon-neutral by 2030.The company has
over 75,000 employees.
LG acquired Cybellum in 2021 and AppleMango in 2022. It
continues to produce products related to business travel and recently
highlighted conference room and collaboration solutions for the hospitality
industry, with Marriott as a partner.