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Australia-based travel management company Corporate Travel Management agreed to acquire SCT Travel Group, an Australian travel agency that trades as Platinum Travel Corp. CTM made the deal for 5 million Australian dollars in cash and stock and an "additional earn-out component based upon long-term growth." The acquisition, effective July 1, includes the PTC Corporate and Events business in Australia's Queensland and New South Wales. CTM noted the acquisition supports expansion plans in both Australia's small and midsize client segment and the country's meetings and events segment. As part of the acquisition, CTM appointed SCT founder Greg McCarthy as CEO of Australia and New Zealand.
BCD Travel has signed an agreement with Delta Air Lines to offset its employee travel via investment...
The Travel and Meetings Society plans to release on Tuesday a free technology tool designed for travel...
More than half of business travelers from North America and the Asia-Pacific region would be...