Corporate Travel Management buys 1000 Mile Travel Group: Travel Weekly

Company Vacation Management (CTM) has obtained 1000 Mile Vacation Group, a network of independent contractors concentrated on modest and medium-dimension organization (SME) organization travel that operates throughout Australia and the U.K. CTM has strategies to grow 1000 Mile Travel’s design to North The us.

The acquisition, CTM stated, expands the travel administration company’s curiosity in organization journey served by impartial contractors.

CTM sits at No. 7 on Journey Weekly’s 2022 Electricity List with $2.55 billion in 2021 profits.

1000 Mile Journey was founded in 2015. CTM reported its acquisition was an “appealing possibility” as company travel rebounds and need for professional enable is superior. In convert, 1000 Mile Travel will reward from the scale, technologies and getting electric power of CTM.

CTM has previously been providing booking technological know-how to 1000 Mile Journey for the earlier year, offering the firms a prospect to get to know each individual other, according to CTM founder and taking care of director Jamie Pherous.

“1000 Mile Journey Team is a extremely prosperous organization that has crafted a unique price proposition for those people brokers seeking to not only handle their possess SME portfolio from household, but also improve that portfolio and present expert services demanded by corporate customers,” Pherous stated in a release. “We believe this acquisition will enhance CTM’s strategic company vacation supplying even though delivering substantial advantages to 1000 Mile Travel’s community of unbiased brokers and their consumers.”