2016 U.S.-Booked Air Volume: $65 million
2016 Global Air Volume: $71 million
2016 U.S. T&E: $295 million
2016 Global T&E: $325 million
Principal Air Suppliers: American, United, Delta
Principal Hotel Suppliers: Marriott/Starwood, Hilton, InterContinental
Principal Car Rental Suppliers: Enterprise/National, Avis/Budget
Principal Online Booking Tool: Concur
Principal Card Supplier: American Express
Consolidated U.S. TMC: Amex GBT
In 2016, Verizon satisfied all travel needs for contingent
workers during the company work stoppage. U.S.-originating air spend decreased
by 6.6 percent. An additional decrease of 7 percent is anticipated for 2017.
Last year, just over 90 percent of the company's air spend was for domestic travel.
This year, Verizon will consolidate all global travel booking activity with
Concur Travel, supported by Concur Expense and fulfilled by Verizon's TMC. The
company plans to maintain high online booking levels and introduce mobile
booking tools. Verizon also will introduce a strategic meetings management
program. American Express Global Business Travel handled 98 percent of Verizon's
travel business in 2016, and 96 percent of U.S.-originating air travel was
booked through Verizon's online tools. The company reported $126 billion in
annual revenue for 2016.