Brisbane-headquartered Corporate Travel Management (CTM) has acquired 1000 Mile Travel Group, expanding its interest in the business travel market via the independent consultant (IC) model.
Founded in 2015, 1000 Mile Travel is a network of independent travel experts specialising in SME business travel services across Australia and the UK. Its business model supports a growing workforce of travel experts who desire to manage their own customer portfolio while leveraging the best in buying power and technology.
Jamie Pherous, founder and managing director of CTM, said the acquisition is a complementary extension of its corporate travel services. It offers 1000 Mile Travel’s advisors and customers the benefits of CTM’s scale, buying power, access to content and intuitive technology for greater value.
“We’ve been partnering with 1000 Mile Travel for nearly a year through the provision of our proprietary Lightning online booking technology. During that time, we have recognised a strong alignment between our businesses based upon shared values, common technology systems and high growth objectives, and… we are well-placed to expand the 1000 Mile Travel model into our largest markets of North America and the UK,” Pherous added.
Ben Ross, founder and managing director of 1000 Mile Travel, said the acquisition paves the way for substantial growth for the company and its network of independent business owners at a crucial time in the industry’s recovery.
“Our business was established to meet the needs of the independent corporate travel business owner market… That model has never been more in demand than it is in the post-pandemic environment, and we’re excited to take the next step of our growth journey with CTM.”