Corporate Travel Management has announced the acquisition of 1000 Mile Travel Group Ltd., expanding its interest in the business travel market via the independent consultant (IC) model.
Founded in 2015, 1000 Mile Travel is a network of independent travel experts specializing in SME business travel services across Australia and the U.K., offering high-touch travel management expertise. Its business model supports a growing workforce of travel experts who desire to manage their own customer portfolio whilst leveraging the best in buying power and technology. The increased demand for travel expertise to support a swiftly rebounding travel market makes this an attractive opportunity for CTM.
Jamie Pherous, founder and managing director of CTM, said the acquisition is an exciting and complementary extension of its corporate travel services. It offers 1000 Mile Travel’s advisors and customers the benefits of CTM’s scale, buying power, access to content and intuitive technology for greater value.
Pherous said, “1000 Mile Travel Group is a highly successful business that has crafted a unique value proposition for those advisors wanting to not only manage their own SME portfolio from home, but also grow that portfolio and provide services demanded by corporate clients. We believe this acquisition will complement CTM’s strategic corporate travel offering while delivering significant benefits to 1000 Mile Travel’s network of independent advisors and their customers.
“We’ve been partnering with 1000 Mile Travel for nearly a year through the provision of our proprietary Lightning online booking technology. During that time, we have recognized a strong alignment between our businesses based upon shared values, common technology systems and high growth objectives, and we believe—through the leadership of 1000 Mile Travel—we are well-placed to expand the 1000 Mile Travel model into our largest markets of North America and the U.K. We’re thrilled to be able to welcome 1000 Mile Travel’s employees, ICs and customers to the CTM family and look forward to working together more in the coming months,” Pherous added.
Ben Ross, founder and managing director of 1000 Mile Travel, said the acquisition paves the way for substantial growth for the company and its network of independent business owners at a crucial time in the industry’s recovery. “Our business was established to meet the needs of the independent corporate travel business owner market, and our business model has grown from strength to strength. That model has never been more in demand than it is in the post-pandemic environment, and we’re excited to take the next step of our growth journey with CTM—a company that demonstrates the same values that have underpinned our own success, through high touch service and innovation, and building meaningful relationships with staff, customers and within the travel industry.”
For more information, visit travelctm.com.
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