CTM Says Business Travel Recovery Underway, Eyes Acquisitions

Australia-based global travel management company Corporate Travel Management claims to have pulled out of business travel's Covid-induced nosedive and said its fortunes are back to pointing skyward. "Our booking activity is higher than we thought," managing director Jamie Pherous told an investor call for his company's annual results on Wednesday. "All regions are trading up since the bottom in late April, and some are materially higher."