Company:Corporate Travel Management
| Type | Public |
|---|---|
| ASX: CTD | |
| Industry | Corporate Travel Management |
| Headquarters | Brisbane, Australia |
Area served | Worldwide |
| Website | travelctm.com |
Corporate Travel Management Ltd is a travel management company.[1][2]
History
The company expanded into North America in 2020 following the acquisition of an Omaha-based TMC called Travel & Transport.[3]
On 26 February 2021, the UK-based Good Law Project reported that CTM had been awarded 'two lucrative Covid-related contracts with the UK government'. It cited CTM founder Jamie Pherous in an interview with the Financial Review confirming the first contract was awarded following 'calls from a person “close to” [then] Prime Minister Boris Johnson. “They’ve just basically said. ‘We’ve got this problem. Can you solve it for us? We went, ‘Yeah, absolutely. Give us 12 hours.’”[4][5]
In December 2021, CTM announced the acquisition of the Helloworld Travel Group's corporate and entertainment brands.[1]
In June 2023, the Independent reported CTM had been awarded a £1.6 billion contract to house asylum-seekers in the UK, including on barges.[6] The Bibby Stockholm barge, subcontracted by CTM[7] at Portland Port, Dorset, began housing asylum-seekers on 7 August 2023, amid concerns about fire risks[8] and other safety concerns.[9] On 11 August 2023, the 39 asylum-seekers accommodated on the Bibby Stockholm were evacuated following positive tests for legionella on board.[10]
In July 2023, ethical fund Future Superhas told the Guardian Australia it would 'divest its holdings in CTM due to concerns' over the CTM's involvement in the Bibby Stockholm.[11]
See also
- American Express GBT
- BCD Travel
- Navan
- Snowfall
- TravelPerk
References
- ↑ 1.0 1.1 "Corporate Travel Management". https://www.travelweekly.com/Power-List-2022/Corporate-Travel-Management. Retrieved 18 May 2023.
- ↑ Nichols, Nick. "Corporate Travel Management shares surge on $3b contract with UK Home Office" (in en). https://www.businessnewsaustralia.com/articles/corporate-travel-management-shares-surge-on--3b-contract-with-uk-home-office.html.
- ↑ Parsons, Matthew. "Australia’s Corporate Travel Management Staffs Up Anticipating Busier Times" (in en). https://skift.com/2023/02/15/australias-corporate-travel-management-staffs-up-anticipating-busier-times/.
- ↑ "Australian travel firm handed controversial Covid contract following call from person “close to” Boris Johnson" (in en-GB). 2021-02-26. https://goodlawproject.org/ctm/.
- ↑ "How travel's lone survivor stared down short-sellers" (in en). 2020-09-10. https://www.afr.com/companies/tourism/survivor-corporate-travel-v-short-sellers-plague-20200902-p55rlf.
- ↑ "Revealed: Australian firm awarded £1.6bn contract for asylum barges and accommodation" (in en). 2023-06-16. https://www.independent.co.uk/news/uk/home-news/barge-australia-asylum-contract-travel-b2354578.html.
- ↑ "Australian firm CTM awarded £1.6bn contract for UK asylum barges" (in en). 2023-07-20. https://marineindustrynews.co.uk/australian-contract-uk-asylum-barges/.
- ↑ Syal, Rajeev; Taylor, Diane (2023-08-01). "Bibby Stockholm asylum barge is ‘potential deathtrap’, say firefighters" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/uk-news/2023/aug/01/bibby-stockholm-asylum-barge-is-potential-deathtrap-say-firefighters.
- ↑ Taylor, Diane; Adu, Aletha (2023-08-06). "Bibby Stockholm move-ins planned for Monday despite outbreak warnings" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/uk-news/2023/aug/06/bibby-stockholm-move-ins-planned-for-monday-despite-outbreak-warnings.
- ↑ Taylor, Diane (2023-08-14). "Legionella on the Bibby Stockholm barge: five questions for Home Office" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/uk-news/2023/aug/14/bibby-stockholm-what-happens-now-with-the-plan-to-house-asylum-seekers-on-the-barge.
- ↑ Barrett, Jonathan (2023-07-27). "Ethical fund to sell shares in Australian firm CTM over concerns it profits from asylum seeker detentions in UK" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/business/2023/jul/27/ethical-fund-to-sell-shares-in-australian-firm-ctm-over-concerns-it-profits-from-asylum-seeker-detentions-in-uk.
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