< PrevNext > 21. Siemens Munich Share 2017 U.S.-Booked Air Volume: $147 millionConsolidated U.S. TMC: BCDBTN estimates U.S.-booked air spending at industrial manufacturing conglomerate Siemens increased about 9 percent during its 2017 fiscal year, which ended Sept. 30, 2017.Siemens in 2018 has begun to migrate its subsidiaries and entities in the U.S. and Canada to its new E2E Travel@Siemens technology platform from the previous Siemens Personal Assistant and in-house expense platforms. E2E Tracel@Siemens integrated Concur Travel and Expense functionality.The company this year also completed an RFP for management of its global hotel program and awarded the business to HRS, which will manage all business processes worldwide related to the hotel program, including negotiations, rate loading and rate auditing.In September 2016, Siemens debuted a global travel policy framework, which includes requirements for country-specific policy development. In the framework, pretrip approval requirements are eliminated. In the U.S., Siemens no longer requires receipts to be reimbursed for air, hotel or car rental expenses. It also no longer requires receipts for cash purchases under $25 and corporate card charges under $75.Siemens' business travel in its 2017 fiscal year generated about 411,000 metric tons of carbon dioxide equivalent emissions, compared with about 380,000 metric tons in fiscal 2016. Revenue increased about 4 percent in fiscal year 2017 to about $83 billion. On Sept. 30, 2017, Siemens employed about 377,000 people worldwide, up from about 351,000 one year prior.