Corporate Travel Management (company)

Corporate Travel Management
Company typePublic
ASX: CTD
IndustryCorporate Travel Management
Headquarters
Brisbane
,
Australia
Area served
Worldwide
Websitetravelctm.com

Corporate Travel Management Ltd is a corporate travel management company.

History

The company expanded into North America in 2020 following the acquisition of an Omaha-based TMC called Travel & Transport.[1]

On 26 February 2021, the UK-based Good Law Project reported that CTM had been awarded two COVID-19-related contracts with the UK government.[2]

In December 2021, CTM announced the acquisition of the Helloworld Travel Group's corporate and entertainment brands.[3]

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.[4] The Bibby Stockholm barge, subcontracted by CTM[5] at Portland Port, Dorset, began housing asylum-seekers on 7 August 2023, amid concerns about fire risks[6] and other safety concerns.[7] On 11 August 2023, the 39 asylum-seekers accommodated on the Bibby Stockholm were evacuated following positive tests for legionella on board.[8]

In July 2023, ethical fund Future Superhas told Guardian Australia it would 'divest its holdings in CTM due to concerns' over the CTM's involvement in the Bibby Stockholm.[9]

In February 2026, CEO James Pherous resigned.[10]

See also

References

  1. ^ Parsons, Matthew. "Australia's Corporate Travel Management Staffs Up Anticipating Busier Times". Skift. Retrieved 18 May 2023.
  2. ^ "Australian travel firm handed controversial Covid contract following call from person "close to" Boris Johnson". Good Law Project. 26 February 2021. Retrieved 20 May 2024.
  3. ^ "Corporate Travel Management". Travel Weekly. Retrieved 18 May 2023.
  4. ^ "Revealed: Australian firm awarded £1.6bn contract for asylum barges and accommodation". The Independent. 16 June 2023. Retrieved 2 September 2023.
  5. ^ "Australian firm CTM awarded £1.6bn contract for UK asylum barges". Marine Industry News. 20 July 2023. Retrieved 2 September 2023.
  6. ^ Syal, Rajeev; Taylor, Diane (1 August 2023). "Bibby Stockholm asylum barge is 'potential deathtrap', say firefighters". The Guardian. ISSN 0261-3077. Retrieved 2 September 2023.
  7. ^ Taylor, Diane; Adu, Aletha (6 August 2023). "Bibby Stockholm move-ins planned for Monday despite outbreak warnings". The Guardian. ISSN 0261-3077. Retrieved 2 September 2023.
  8. ^ Taylor, Diane (14 August 2023). "Legionella on the Bibby Stockholm barge: five questions for Home Office". The Guardian. ISSN 0261-3077. Retrieved 2 September 2023.
  9. ^ Barrett, Jonathan (27 July 2023). "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 2 September 2023.
  10. ^ Yeates, Clancy (2 February 2026). "CTM ran asylum seeker barges for the UK. Now its CEO has quit". The Sydney Morning Herald. Retrieved 2 February 2026.{{cite news}}: CS1 maint: deprecated archival service (link)

Further reading

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