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eTravelBlackboard: Coming to America. CTM acquires US business
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Turism&Travel Utilising its $7 million funds set aside for business growth, Corporate Travel Management (CTM) has announced its move into the US through the acquisition of R&A Travel.

Effective 1 July this year, the company’s managing director Jamie Pherous said the move into the larger market was made as part of the Group’s longer term growth plan and would offer Australian and New Zealand based clients access to USA services. Mr Pherous added that the US$5.39 million base consideration would also assist the company meet the needs of its client base. “CTM will be in a position to offer a highly-organised service offering across the USA, Australia and New Zealand which matches local cultural needs, underpinned by a best-in-class offering,” he said. “Importantly, the Business Intelligence reporting framework CTM have developed can integrate with any travel reservation system in any country of the world, allowing CTM to deliver a strong value proposition of local personalised service with best-in-class global benchmark diagnostics.” Mr Pherous noted that R&A Travel was selected as its US launch primarily because it meets the company’s criteria with a main focus on travel, excellent management as well as high client and staff retention.   Source = e-Travel Blackboard: N.J
Publicat de: eTravelBackboard
Miercuri, 02 Mai 2012 - 04:15 PM
 

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