Business
Corporate Travel books return ticket to growth – The Australian Financial Review
Corporate Travel Management is losing $5.7 million a month in the current climate, but Jamie Pherous says his Travel & Transport deal puts the business in an ‘e…
With scale taking on greater importance, Travel & Transport also elevates Corporate Travel to the fifth-biggest agent worldwide, up from seventh, on $10.8 billion in combined annual ticketing value.
“When the whole industry’s losing money month-to-month, and nearly all of that industry must have international travel to survive, clearly there has to be some consolidation and in our strong view this is by far the best asset anywhere,” Mr Pherous said.
Should travel come back which we think i…
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