2023 U.S.-Booked Air Volume: $80 million
Consolidated Global TMC: FCM

Honeywell’s top travel management priorities in 2023 were to identify cost reduction opportunities, define New Distribution Capability strategy and improve the hotel program. Last year’s BTN CT100 reported that Honeywell’s consolidated TMC in the U.S. was FCM. This year, the company has stated the relationship is globally consolidated.

Employees returned to office post-pandemic in 2023, when they also resumed pre-pandemic levels of travel. The industrial conglomerate expects its U.S.-booked air volume to stay level at $80 million in 2024.

As of the end for December 2023, Honeywell had 95,000 employees in 79 countries, of whom 33,000 were based in the U.S. Net sales rose from $35.4 billion 2022 to $36.6 billion. 

At the beginning of 2024, Honeywell restructured into four business segments: aerospace technologies, industrial automation, building automation, and energy and sustainability solutions. A $5 billion deal to acquire security technology business Global Access Solutions from Florida-based Carrier completed in June 2024. Global Access Solutions had 1,200 employees in 33 countries.

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Correction: A previous version of this article stated the BTN estimate of Honeywell's 2023 U.S.-booked air spend was $70 million, which did not reflect an update received prior to publication. BTN apologizes for the oversight.