Travel Agents

Flight Centre Travel Group completes acquisition of US business Casto Travel

Retail travel outlet Flight Centre Travel Group has announced it has completed its acquisition of US corporate travel business Casto Travel.

Flight Centre agreed to acquire the Silicon Valley-based business’ US operations in December 2018.

Casto Travel has offices in San Jose, San Francisco and Tiburon, and currently generates roughly $165 million in total transaction value annually.

Flight Centre managing director Graham Turner said the Casto acquisition represented a small but strategically important addition to the company.

“Casto strengthens our overall US operation, which includes the highly successful and rapidly growing corporate travel business, along with our on and offline leisure businesses and wholesaler GOGO,” he said.

“This will give us greater scale in Silicon Valley and in the large West Coast market, where we previously had a relatively small corporate travel presence, while also complementing our larger operations on the east coast and in other key locations.

“Our corporate travel presence now extends to more than 20 US cities and there are significant future opportunities, given our strong growth trajectory and the size of the market, which is estimated to be worth more than US$300 billion per year.”

Turner said Casto also has solid future growth prospects as part of the FCM Travel Solutions network business.

“FCM’s global reach, proven marketing expertise and full corporate product suite will enhance Casto’s strengths and significantly increase opportunities to win larger pieces of business in the west, which is the USA’s second-largest corporate travel market,” he said.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Aviation

Women from 10 flights taken for invasive medical examinations in Qatar, says Australia’s Foreign Affairs Minister

More troubling details have emerged over the Qatar airport incident involving a number of Australian women.

Share

CommentComments

Destinations

Tasmania plans to reopen to NSW from early November

by Christian Fleetwood

Have your NSW clients been yearning for a quarantine-free trip to Tasmania? Well, they can consider this an early Christmas present from Premier Gutwein.

Share

CommentComments

Aviation

Qantas and Virgin announce new Aussie routes

Tell your clients to pack their bags, because the two airlines have added a range of new local routes, reintroductions and expanded services.

Share

CommentComments

Midweek Interview

Life in the time of COVID-19 with YTL Hotels’ Luke Hurford

We caught up with YTL Hotels’ senior vice president of strategy to find out how he’s been faring during the pandemic. However, it was hard to hear him through the layer of snow he keeps on his face.

Share

CommentComments

Destinations

“GREAT SUCCESS”: Kazakhstan cashes in on new Borat film in latest tourism campaign

In some very nice news for Sacha Baron Cohen fans, it looks like Borat’s home country has finally decided to accept him… sort of.

Share

CommentComments

Aviation

Plane passenger slaps flight attendant after refusing to wear a mask

Just in case you need another reason to hate anti-maskers, have a geeze at this video of an unruly passenger’s shocking behaviour.

Share

CommentComments

Cruise

Princess Cruises pushes back its pause on local sailings

Meanwhile, Travel Weekly has extended its pause on office drinks after a particularly bad incident involving a pot plant and copious amounts of slivovitz.

Share

CommentComments

Road & Rail

TUNE IN: New TV show to highlight Australia’s ‘Roads Less Travelled’

Get the popcorn ready and watch the client inquiries roll in, because Network 10 is debuting a new show that places domestic travel front and centre.

Share

CommentComments

Wholesalers

Globus and Cosmos launch new Australian and NZ tours

This press release was accompanied by a couple of bottles of wine from the good folk at GFOB, and Travel Weekly’s editor is already on the seocnd one, so please excuse any typos.

Share

CommentComments

Aviation

“Offensive, grossly inappropriate” vaginal examinations of female plane passengers reported to Australian Federal Police

The federal government is demanding answers from the relevant authorities, after 13 Australian women were forced to undergo invasive medical examinations at an international airport.

Share

CommentComments

Hotels

NSW New England region gets its first five-star hotel

Bespoke leather bedheads, marble bedside tables and bathrooms, 4K smart TVs, Tesla charging stations… it’s fair to say this property has been pimped out.

Share

CommentComments

Destinations

Victoria celebrates second ‘donut day’, as tourism industry reacts to easing of restrictions

by Christian Fleetwood

Travel Weekly staff are enjoying a few Krispy Kremes in celebration of Victoria’s consecutive ‘donut days’, so much so that we’ve all had to undo the top button of our pants.

Share

CommentComments