Posted December 3, 2018

Tramada Turns On Post-Booking NDC Plumbing With CTM

Last week, a group of travel management companies in an open letter likened New Distribution Capability to a "half-built house." They want to deliver on the standard's promise of richer content for clients, they wrote, but they must enable their own new distribution capabilities to "fulfill customer requirements of comparability, policy control, cost management, reporting and duty of care." Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted October 31, 2018

CTM Concedes Misstatements On Patents And Office Locations But Slams Hedge Fund's Short Thesis

Publicly traded Australian travel management company Corporate Travel Management spent this week in damage control mode following a damning report from a hedge fund. That hedge fund has taken a short position in the company's stock and stands to gain on a fall in CTM's share price. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted May 23, 2018

Qantas Lines Up Travelport, CTM And Serko For NDC Connections

Qantas this week announced that a few partners have agreed to access content through its new Farelogix-powered application programming interface that is based on the International Air Transport Association's New Distribution Capability standard. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted February 21, 2018

After A Lull, CTM Still Eyeing M&A But Nothing Transformational

It's going on two years since Australia's Corporate Travel Management made an acquisition in the U.S. and more than a year since it bought an agency anywhere. That may not sound like a long time, but for CTM, which has acquired around a dozen travel agencies since publicly listing on the Australian Securities Exchange in late 2010, it feels like an eternity. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted April 10, 2017

CTM Preps Homegrown Online Booking System For U.S. Market

The number of travel management companies with homegrown online booking tools in the United States is relatively small, but Australia-based Corporate Travel Management plans to join their ranks this year with the launch of its Lightning system. Read More »
Posted by: Jay Boehmer with reporting by Amon Cohen | More by Jay Boehmer
Posted December 14, 2016

CTM Bulks Up In The U.K. With Redfern Acquisition

Australia-based Corporate Travel Management announced plans to acquire U.K.-based Redfern Travel and Tasmania-based Andrew Jones Travel. In conjunction, the publicly traded travel management company issued a new share purchase option to eligible shareholders to raise A$71 million to fund the deals. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted August 26, 2016

After Scaling Up And Integrating, CTM Says It Has 'Arrived' In U.S. Market

After a slow first half of its fiscal year in the United States, Australia-based travel management company Corporate Travel Management got a boost from its Montrose Travel acquisition, client wins and a stabilization after spending declines from energy clients. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted April 20, 2016

CTM Buys Travizon For $21 Million

Corporate Travel Management announced a deal to acquire Massachusetts-based travel management company Travizon Travel for a base consideration of $21 million. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted April 6, 2016

CTM Makes Progress Integrating U.S. Acquisitions

Australia-based Corporate Travel Management in the past four years has bought six U.S.-based travel agencies. CTM founder and managing director Jamie Pherous assured The Beat that the travel management company isn't done acquiring, but it has been busy integrating. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted December 18, 2015

CTM Buys Again With Montrose Travel Acquisition

Australia-based Corporate Travel Management acquired 60-year-old California-based agency Montrose Travel for a "base consideration" of $34.3 million, the companies announced Friday. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
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