2015 U.S.-Booked Air Volume: $159 million
Principal Air
Suppliers: American, Delta,
United
Principal
Hotel Suppliers: Hilton,
Marriott, Starwood
Principal Car
Rental Suppliers: Enterprise,
National, Hertz
Principal
Online Booking Tool: Concur
Travel
Principle
Expense Supplier: Concur Expense
Consolidated
Global TMC: HRG
Wells
Fargo cut its U.S.-booked air volume by more than 20 percent in 2015 by
reducing travel companywide. The company implemented pre-trip compliance
processes, including changes to policy. Wells Fargo now requires pre-trip
approval across all business units for long-haul international travel, as well
as pre-trip authorization for noncompliant air and hotel bookings. The company
pegs policy compliance for air at 93 percent and compliance for hotel at 92
percent.
Wells
Fargo continues to focus on travel cost containment. That said, it projects
T&E will inch upward this year and estimates that 2016 full-year
U.S.-booked air volume will rise 7 percent. The company reported less favorable
contracts with air partners, which could, in part, be the result of lower
negotiating volumes.