Wholesalers

Corporate Travel Management just reported its strongest ever full-year results

Get the champagne ready, because Corporate Travel Management (CTM) just reported its strongest EVER full-year results!

And no, Wednesday afternoon is NOT too early to be drinking champagne. It’s NEVER too early, if you ask us.

giphy

The company reported earnings of $125.4 million, which is a 27 per cent increase on the previous year.

CTM Managing Director and founder Jamie Pherous said the performance reinforced the company’s global expansion strategy, with organic growth contributing $18.9 million to its profit growth.

“We have had another strong year,” he said.

“Each region in our network has had a record result, demonstrating our business model and strategic investment decisions are working well for clients and investors.”

CTM’s global operations continued to grow, recording $4.95 billion in total transaction value, up 19 per cent, with revenues up 14 per cent, reflecting the efforts of CTM’s hard-working team to win and retain customers.

“We have continued to expand through increasing market share, including multinational clients who have recognised our international capabilities,” Pherous said.

“These results support our strategy to build a global network by applying a high-quality growth business model around winning and retaining customers, driving internal automation and client innovation and ensuring high staff engagement and client satisfaction.”

Pherous said CTM had now established a global footprint in all of its primary markets and had won a number of significant global clients with its award-winning CTM SMART Technology suite.

CTM’s now has technology hubs well established across all regions, employing 100 staff with a large flow of future developments scheduled for FY19.

“We remain committed to delivering superior results for clients through a consistent value proposition, including innovative customer-facing technology solutions underpinned by a highly personalised service offering, and delivering a return on investment to our clients,” Pherous said.

He said CTM’s employees remain central to the company ongoing success, with staff engagement levels continuing to outperform benchmarks.

CTM expects full-year underlying EBITDA for FY19 to be in the range of $144-150 million, representing approximately 15-20 per cent growth on the previous corresponding period.

The CTM Board has declared a fully franked dividend of 36 cents per share an increase of 20 per cent on the prior corresponding period. It will be paid on 4 October 2018.


SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Hotels

Historic Melbourne hotel gets multi-million dollar makeover

Rendezvous Hotel Melbourne has had a modern makeover that pays homage to its turn-of-the-century origins.  

Share

CommentComments

News

“We will not be pursuing ‘Omicron zero'”: NSW and Victoria vow to keep borders open

Victorian Premier Dan Andrews said he and his NSW counterpart Dominic Perrotett have been texting about this fandangled ‘Omicron zero’ situation, with both giving the strategy a thumbs down emoji.

Share

CommentComments

Destinations

Sri Lanka Tourism invites investors to cash in with huge incentives

The island nation’s government has made it easier to invest in tourism projects, and they reckon there are big bucks to be made. That is, if you have a spare $71K laying around.

Share

CommentComments

Wholesalers

The best bits of Wendy Wu’s Worldwide Sale

The sale includes coveted cherry blossom and autumn leaves departures on Japan trips so tell your clients to start saving up their yen now.

Share

CommentComments

Aviation

Say namaste: Qantas’ first India flights in almost a decade take to the skies

Meanwhile, the Flying Kangaroo’s Points Auction continues apace with a private jet experience set to go under the hammer.

Share

CommentComments

Hotels

Bannisters opens new Bawley Point retreat, The Jackson Ranch

Got a client who has always wanted to say “Meanwhile, back at the ranch…” in a literal sense? Book them a stay in this hidden gem.

Share

CommentComments

Travel Agents

AFTA updates campaign encouraging members to contact local MPs

Want to give your local MP a piece of your mind but don’t want to get kicked out of their office for shouting profanities? Click here.

Share

CommentComments

Cruise

Tourism

Travel Agents

Digital travel ad impressions up 40 per cent says Nielsen Ad Intel

Looks like your marketing team’s efforts are paying off, with ads views climbing dramatically in Australia following the most recent lockdown.

Share

CommentComments

News

Tourism

OMICRON: WHO urges those over 60 to cancel travel plans as SA tightens restrictions

The UN health authority warned countries that blanket bans don’t work, while an Aussie epidemiologist says the government’s current restrictions won’t make much difference.

Share

CommentComments

Wholesalers

Planeterra launches holiday fundraising for community tourism

Not sure what to get your colleague for Secret Santa? They’ll be hard-pressed to complain about a donation in their name to support community tourism projects.

Share

CommentComments

Destinations

WATCH: Rebel Wilson stars as glam castaway in new Tourism Fiji ad

The Aussie actress channels Tom Hanks’ Castaway in this latest campaign for Tourism Fiji, However, we’re not convinced Hanks could pull off the metallic dress as well as Wilson does.

Share

CommentComments

Hotels

Club Med opens first Canada property, reveals plans for new Utah ski resort

Those who enjoy the ease of an all-inclusive resort stay will be stoked to learn about Club Med’s latest spate of winter wonderland offerings.

Share

CommentComments