EBITDA expected to double in the second half of 2023 for CTM.
Corporate Travel Management (CTM) has released a revised 2023 full year guidance to the market this morning, revealing strong sales momentum will see the business generate an EBITDA of between $165 to $170 million for 2023.
The healthy new forecast is being driven by a very high percentage of client retention, as well as many big client wins, with new business this year accounting for a whopping $2.95 billion.
More details in today’s issue of Travel Daily.