May 26, 2024

CTM buys independent TMC network

Corporate Travel Management has acquired 1000 Mile Travel Group, a network of independent travel experts specialising in SME business travel services across Australia and the UK.

CTM founder and Managing Director, Jamie Pherous, said CTM has been partnering with 1000 Mile Travel for nearly a year through the provision of its proprietary Lightning online booking technology.

“During that time, we have recognised a strong alignment between our businesses based upon shared values, common technology systems and high growth objectives, and we believe – through the leadership of 1000 Mile Travel – we are well-placed to expand the 1000 Mile Travel model into our largest markets of North America and the UK,” he said.

“We’re thrilled to be able to welcome 1000 Mile Travel’s employees, ICs and customers to the CTM family and look forward to working together more in the coming months.”

Ben Ross, founder and Managing Director of 1000 Mile Travel, said the acquisition paves the way for significant growth for the company and its network of independent business owners at a pivotal time in the industry’s recovery.

“Our business was established in 2015 to meet the needs of the independent corporate travel business owner market, and our business model has grown from strength to strength,” he said.

“That model has never been more in demand than it is in the post-pandemic environment, and we’re excited to take the next step of our growth journey with CTM – a company that demonstrates the same values that have underpinned our own success, through high-touch service and innovation, and building meaningful relationships with staff, customers and within the travel industry.”