Corporate Travel Management (company)
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Company type | Public |
|---|---|
| ASX: CTD | |
| Industry | Corporate Travel Management |
| Headquarters | , Australia |
Area served | Worldwide |
| Website | travelctm |
Corporate Travel Management Ltd is a corporate travel management company.
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] In 2026, CTM recognised that it had overcharged the UK government £118 million for operating the Bibby Stockholm, and was negotiating commercial arrangements to refund.[11]