Tues, June 30 at 11am ET / 8am PTSponsored in part by: Cvent and The Inception Company
Mon, June 29 at 12pm ET / 9am PTSponsored By: American Express Global Business Travel, Lyft, Southwest Airlines
Thurs, June 25 at 11:00 AM ETSponsored By: RoomIt by CWT
Virtual Event - July 29, 2020
Virtual Event - September 9-10, 2020
Hyatt Regency Boston - October 12-14, 2020
Filter in or out as many as 200 cities, as well as hotel and car rental class and meals of the day and watch as the per-diem calculator automatically adjusts per diems to your program. Drill down into cost breakdowns and export the results.
Travel Management for the year ending June 30 reported a net profit after tax
of A$11.8 million (US$12 million), 43 percent higher than the previous year.
Fellow Australian travel company Flight Centre, a conglomerate that includes
the FCm Travel Solutions TMC, this week also posted a 43 percent jump in
overall net profit after tax.
CTM said underlying
earnings before interest, taxes, depreciation and amortization improved by 38 percent
to A$17.5 million (US$17.8 million). Total transaction value grew 36 percent to
A$681.3 million (US$692.1 million) and total revenue spiked 40 percent to
A$65.2 million (US$66.2 million).
"CTM's TTV growth
sees us continuing to outperform the market in comparison to recent airline
traffic data and the effects of broader economic conditions," according to
a statement from managing director Jamie Pherous. "Record new client wins
combined with a high client retention rate and our acquisition strategy have
contributed to CTM's continued success."
The company's fiscal
year 2013 EBITDA guidance calls for growth between 15 percent and 20 percent,
"subject to no further erosion in the broader economy."
CTM, which fields 590
staff in Australia, New Zealand and the United States, is a member of the
GlobalStar Travel Management network. GlobalStar executive director of
marketing and partner recruitment Mark van Iersel told BTN that the organization is "seeing more business
opportunities being initiated in Australia, for example in the mining industry.
One year ago we launched an expansion into Africa, and many of our partners in
the African continent are also benefitting from CTM's effective sales
Mark van Iersel
described CTM as "a dedicated, tier-one member—that's the highest-level
partnership in GlobalStar, and it means they are part of the board."
~ with reporting by Jay
About a decade after founding and leading flight shopping information hub Routehappy, Bob Albert is...
Ticketing and distribution supplier Hahn Air has signed agreements to expand distribution and...
Travel technology provider Accelya has reached an agreement to acquire Farelogix, less than two months...