2016 U.S.-Booked Air Volume: $127 million
2016 Global Air Volume: $170 million
2016 U.S. T&E: $275 million
2016 Global T&E: $390 million
Principal Air Suppliers: Delta, United, American
Principal Hotel Suppliers: Marriott, Hilton, Hyatt
Principal Car Rental Suppliers: Enterprise, Avis
Principal Online Booking Tool: GetThere
Principal Card Supplier: American Express
Principal Expense Supplier: adSOFT Expense Express
Consolidated U.S. TMC: Amex GBT
Medtronic consolidated travel policies in 2016 to include
Covidien, which it acquired in 2015. It used the travel program's larger size
to improve deals with suppliers. Global T&E spend decreased 16 percent from
$466.6 million in 2015, even as global air volume increased 9 percent. U.S.
T&E and air spend showed a similar pattern. Just under 40 percent of the
company's U.S.-booked air spend is international. This year, the medical
technology firm and device manufacturer plans to combine its two travel
policies, one of which covers 80 percent of travel spend. American Express
Global Business Travel handled 70 percent of Medtronic's bookings outside the
U.S. The company anticipates U.S.-booked airfare to decline 20 percent in 2017
to $100 million. Medtronic reported $28.8 billion in revenue for 2016 and $3.5
billion in net earnings.