Flight Centre Travel Group completes acquisition of US business Casto Travel

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.

Latest News

  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]