New UK contract confirmed, including a one-year option from Jan 2025.
Corporate Travel Management (CTM) was previously one of three providers, with the latest extension seeing the business become the exclusive provider.
The announcement was tempered by the news that the UK has reduced its departments’ operation budgets, which CTM said will likely reduce travel spend and therefore impact its future results.
CTM said it could not yet quantify the impact this might have on UK Government travel spend and its future earnings.
Meanwhile, the company’s CEO of Europe, Debbie Carling, will also step down at the end of year, a role she has held since 2016.
More details in today’s issue of Travel Daily.