Corporate Travel Management (company)
| Company 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[edit]
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[edit]
References[edit]
- ^ a b "Corporate Travel Management". Travel Weekly. Retrieved 18 May 2023.
- ^ Nichols, Nick. "Corporate Travel Management shares surge on $3b contract with UK Home Office". Business News Australia. Retrieved 2023-05-18.
- ^ Parsons, Matthew. "Australia's Corporate Travel Management Staffs Up Anticipating Busier Times". Skift. Retrieved 2023-05-18.
- ^ "Australian travel firm handed controversial Covid contract following call from person "close to" Boris Johnson". Good Law Project. 2021-02-26. Retrieved 2023-09-02.
- ^ "How travel's lone survivor stared down short-sellers". Australian Financial Review. 2020-09-10. Retrieved 2023-09-02.
- ^ "Revealed: Australian firm awarded £1.6bn contract for asylum barges and accommodation". The Independent. 2023-06-16. Retrieved 2023-09-02.
- ^ "Australian firm CTM awarded £1.6bn contract for UK asylum barges". Marine Industry News. 2023-07-20. Retrieved 2023-09-02.
- ^ Syal, Rajeev; Taylor, Diane (2023-08-01). "Bibby Stockholm asylum barge is 'potential deathtrap', say firefighters". The Guardian. ISSN 0261-3077. Retrieved 2023-09-02.
- ^ Taylor, Diane; Adu, Aletha (2023-08-06). "Bibby Stockholm move-ins planned for Monday despite outbreak warnings". The Guardian. ISSN 0261-3077. Retrieved 2023-09-02.
- ^ Taylor, Diane (2023-08-14). "Legionella on the Bibby Stockholm barge: five questions for Home Office". The Guardian. ISSN 0261-3077. Retrieved 2023-09-02.
- ^ Barrett, Jonathan (2023-07-27). "Ethical fund to sell shares in Australian firm CTM over concerns it profits from asylum seeker detentions in UK". The Guardian. ISSN 0261-3077. Retrieved 2023-09-02.