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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. [ 5 ]
Delta and United each reported 14% increases in first-quarter revenue, with a United executive noting that the company notched nine of its top 10 corporate booking days in its history this year.
CWT (formerly Carlson Wagonlit Travel) is a travel management company that manages business travel, meetings, incentives, conferencing, exhibitions, and handles event management. Headquartered in Minneapolis, Minnesota , the company reported US$23 billion in total transaction volume in 2018. [ 1 ]
The Palo Alto, California–based travel company, TripActions Inc., was founded in May 2015 by Ariel Cohen and Ilan Twig (also the founders of StreamOnce, acquired by Jive Software). [ 4 ] In January 2016, TripActions received $14.6 million series A round led by Oren Zeev Ventures and Lightspeed Venture Partners with participation from Group 11.
In the corporate travel management system, GTM companies play a role of aggregator or virtual hubs for all ground transportation-related services. They act as mediators using databases, global distribution systems (GDS) and various industry-related platforms such as taxi and ridesharing companies, [ 6 ] corporate fleets, public transportation ...
Multiple players have emerged with various solutions -- from software to corporate cards -- to help businesses of all types and sizes better manage their expenses and save money and time while ...
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