2020 U.S.-Booked Air Volume: $10.4 million
Consolidated U.S. TMC: Amex GBT
BTN estimates that advertising and marketing conglomerate
IPG spent $10.4 million in U.S.-booked air in 2020, about a fifth of what it
spent in 2019.
As the company has increased use of virtual meetings,
telepresence and other technologies during the pandemic, it expects that its
business travel volumes will be lower for the “foreseeable future,” according
to its 2020 Global Reporting Initiative Report. Even before the pandemic, IPG
had been working to lower carbon emissions related to business travel and has
enabled travelers using its online booking tool to sort flights by emissions as
well as time and cost. That capability is now available in most countries where
IPG has online booking.
IPG’s consolidated total revenues declined slightly year
over year to $9.1 billion in 2019, compared with $10.2 billion in 2020. The
firm reported 50,200 employees as of the end of 2020, down from 54,300 in 2019.