Why the Corporate Travel Management (ASX:CTD) share price just hit a 52-week high

Although it is on course to end the week in the red, at one stage today the Corporate Travel Management Ltd (ASX: CTD) share price climbed to a 52-week high of $22.07.

When the corporate travel booker’s shares hit that level, it meant they were up 29% since the start of 2021.

Why is the Corporate Travel Management share price at a 52-week high?

Investors have been buying Corporate Travel Management shares this year thanks to the rollout of COVID vaccines and the release of a better than expected half year result in February.

In respect to the latter, for the six months ended 31 December, the company reported an 88% decline in total transaction value (TTV) to $403.8 million and a 75% reduction in half year revenue (excluding…