Corporate Travel Management (ASX: CTD)

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 Corporate Travel Management (ASX: CTD)
                                 

If you search online, you would be surprised to know that over one hundred ninety million companies are running and operating around the world. The industries, genres, products might vary, but irrespective of the disparities like the business there is one connection between them. They all have a never diminishing need for travel, be it for the basic need of business, expansion, training, learning, conferences or simply attending leisure off-sites. This need for travel unites them, and holding them together are successful travel management firms like Corporate Travel Management (ASX:CTD).

About the Company

Corporate Travel Management, now a Global entity and known name in the travel sector are known for being a one-stop-shop travel solution platform that works on values of excellence, technology, innovation, and loyalty. They are known to not just book travel but rather create experiences that people live and create memories with. Their dedication is clearly reflected in their customer approach and their growing customer base speaks for it. From providing personalized and innovative services to executing them with the most advanced technology, CTM is a brand that one can vouch for.

CTM provides services in multiple domains, its key verticles can be classified under Corporate Travel, Events Travel, Resource Travel, Sports Travel, and Leisure Travel. Providing excellence in all its domains, CTM takes the pain and effort to improvise its services with regular feedbacks from customers and regular brainstorming and idea generation.

Company Chronology

Corporate Travel Management Pty Ltd is a Brisbane based Travel Solution giant which has now expanded its footprint to all dimensions of the globe. Corporate Travel Management was founded in 1994 in Brisbane, in the year 1999, The company expanded its operations to its second location in Gold Coast. In 2001, they set foot into the Melbourne Market. Post 2001 the expansions became quite regular and by 2003, the company also reached Sydney followed by Perth in 2007. The year 2010 was a major turnover for Corporate Travel Management. The company got listed on the Australian Securities Exchange or ASX and simultaneously entered the New Zealand market with the acquisition of Cavalier Travel, an NZ based travel company. This was just the kickstart for CTM to get into the acquisition market, by 2011 they had also acquired Australia based ETM Groups and TravelCorp.

The year 2012 was a changing point when CTM bought a US-based travel group ?R & A Travel? thus setting their foot into the United States of America. They acquired US-based Travelcorp in 2013 along with US Travel, Avia Travel and Diplomat Travel in 2014. The same year also saw the procurement of Asian Travel Company Westminster Travel thus entering the Asian travel market. This growth and expansion journey was just the beginning for CTM and certainly, with no U-turns, CTM climbed up to now acquire Chamber Travels and with that entering the UK and Europe Market in 2015. The same year they also acquired US-based Montrose Travel. While CTM was expanding to various continents and countries around the world, they were clearly not leaving out any opportunity to take over multiple fruitful businesses in the countries with an existing footprint. 2016, they expanded in the United States by taking over Travizon Travel. Very recently in 2017, the company also took over the United Kingdom-based travel company Redfern Travel along with Australian travel company Andrew Jones Travel. The most recent developments have been the acquisition of Sydney and Brisbane based Platinum Travel along with Lotus Travel in Asia in the year 2018.

CTM was a travel startup by 2 enthusiasts who now hold an empire of over 2500 full-time employees.

Vision and Mission

Corporate Travel Management intends to be a Global Leader in the Travel Management Domain, their vision doesn?t just restrict to their customers, their intent is also to create a workplace that is inspiring and innovative for its shareholders as well as employees.

In this continuously evolving world of Technology, CTM also wants to be apprised with all developments and in its mission statement clearly shares its intent to utilize innovation and technology to positively mold the market and improvise its customer experience.

Services and Segments

Corporate Travelpromises a corporate travel experience like no one else. They believe in tailoring their programs and packages to bet fit the need of the customers. From smooth transfers and unbelievable savings to top-notch safety and security. When we say tailored, we mean that CTM believes in the true meaning and value of a personalized package for its customers. CTM customizes its offerings based on the size, capacity, and budget of the customer. They allocate a dedicated strategic account manager and provide options for self-serve booking tools. Each CTM consumer benefits from our robust international distributor and purchasing power deals, intuitive and user-friendly travel software, world-class customer service and local market expertise.

Event Travel

believes in the power of interactions at Event Travel Management (ETM) that connect, excite and empower people to perform. Their specialist teams can customize an event solution to match every budget and business need, from exotic destinations and event experiences to engaging event software, insightful reporting, and comprehensive vendor negotiations. Their event planning group offers a variety of events, strategic gatherings, conferences, reward travel packages and corporate hospitality events that are customized to your needs.

Resource Travel

is proud to provide the resource sector with a unique and valuable travel management experience. Their professional resource travel team recognizes the diverse travel needs of the offshore, energy and resource industries and has specifically developed a range of services and technologies for this market. CTM assures to provide the smoothest operations with Shift Management tools and during common and uncommon situations such as Emergency Evacuation, Charter negotiation, supplier negotiations, and expense solutions.

Sports Travel

Travel Management is CTM's specialist sports travel unit, leveraging the international CTM group's corporate travel, group travel, and event management experience to provide the sports industry with winning travel solutions. CTM is completely committed to delivering excellence in our field by offering competitive and collaborative travel solutions that allow you and your team to always exceed your limits. CTM has expertise in Sports Groups & Team Travel, VIP & Executive Travel, Sport Event Management, and Sports Travel Technology.

Leisure Travel

The Leisure Travel segment of CTM specialises in delivering the most extraordinary value deals and ?experiences to their? customers. Allure Travel is CTM's professional travel team that covers every holiday travel style, focuses on all budgets and formats. CTM provides its customers with an excpetional travel experience. They guarantee the best value for money via the most fairly priced industry specials.

To conclude, let us restate the ethics and values by which CTM proudly abides. Exceed to Service, Trust to Succeed, Innovate to Generate, Collaborate to Perform, Play to Win, Empowered to Achieve, Recognize to Reward.

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