CTM acquires Avia in US expansion

By admin


Corporate Travel Management has further bolstered its presence in the US with the acquisition of Houston based travel company, Avia International Travel (Avia).

CTM managing director Jamie Pherous said the acquisition was a perfect fit for the company with better leverage through combined buying power, client facing solutions and support expertise.

Avia’s great service reputation and “hands on” management approach will allow CTM to become a more significant player in the North American market.

CTM listed geographic strategy, specialist sectors, strategic alignment and scale of operation as strategic rationales behind the acquisition.

Avia president Antonella Ballatori said “the opportunity to become a part of the wonderful team that CTM has built will allow us to enhance product and service offering to our many clients.”

Base consideration is a mixture of cash and CTD shares valued at USD$4.125m, with the acquisition funded entirely from current CTM cash reserves.

Avia is located in Houston, Texas and has been operating 17 years. 

Latest News

  • Products

Embrace the journey: Traversing the world with the Shokz OpenRun

If you’ve been on the wrong side of a final call in the airport, or missed the stop on rail journey, it might be time to invest in a pair of Shokz OpenRun headphones. Originally marketed as headphones for fitness fanatics, runners or cyclists with a keen to steer clear of a prang with a car, […]

  • Tour Operators
  • Tourism

TTC: Deals are driving up demand for September trips

The latest market research from TTC Tour Brands shows interest in international leisure travel remains high for 2024, with 77 per cent of Australians over 18 still planning trips this year. Notably, 28 per cent of those travellers are eyeing September for their journeys. Europe continues to be the most popular destination, with 68 per […]

  • Aviation

Qantas ‘working urgently’ to fix app data leak

Qantas is looking into customer reports that passengers have this morning been able to access other passengers’ personal information on the airlines app. X user Lachlan posted that he was able log into different accounts every time he opened the app. My @Qantas app logs me in to a different person each time I open […]

  • Hotels

Revamped Wailoaloa Beach hotel opens as Crowne Plaza Fiji Nadi Bay Resort & Spa

Crowne Plaza Fiji Nadi Bay Resort & Spa is open and ready for bookings after the first phase of a multi-million-dollar transformation. Part of IHG Hotels & Resorts’ premium collection, the transformation has seen the completion of 106 guestrooms showcasing contemporary interiors reflective of the premium Crowne Plaza brand and is a first for the […]

  • Luxury
  • News

Kamalaya Koh Samui clinches clutch of wellness awards

Kamalaya Wellness Sanctuary & Holistic Spa has so far clinched five prestigious awards in 2024, including being inducted into the ‘Hall of Fame’ at the World Spa & Wellness Awards in London. Founders of the Koh Samui sanctuary and spa John and Karina Stewart expressed their heartfelt gratitude for the awards. “We are profoundly honoured […]