Friday, November 1, 2024

Travel firms join forces to create £85m turnover business

Good Travel Management and CT Travel Group have joined forces to establish a new £85m turnover travel group.

This strategic move, backed by the John Good Group which is a majority investor in both businesses, has been completed to accelerate each business’ aggressive growth plans in the Business Travel, Incentive, Groups & Events, Trade Missions and Leisure Travel markets.

GTM acquired Wexas’ corporate travel business in 2023, has set out to be the partner of choice for business travellers who want to deal with a traveller-focused partner.

CTTG brands, CT Business Travel, CT Groups Conferences & Incentives, CT Trade Missions and Pettitts Travel, have ambitious plans to continue growth in both the corporate and leisure travel markets. The recent investment in several key appointments has demonstrated its ongoing commitment to growth.

Mark Kempster, founder of CT Travel Group, said: “We see a great opportunity to grow our combined position in the market and share values around our people.

“GTM has a long-standing reputation within the industry. It has been operating in travel since the late 1800s and is known for its client-focused service.

“It has been an amazing journey since I founded CTTG in 1988, to the proud position we find ourselves in today. That journey has been enhanced by the support of my business partners Tom Kempster, Clare Collins and David Bevan all of whom have played a key role in the success of CTTG. I’m pleased to say that Tom and Clare will be joining me as shareholders, alongside the John Good Group, in this new combined travel business.

“Over the last 37 years, I have had many experiences and made many friends within the industry, and I am now excited to continue that journey with the team at Good Travel Management and the John Good Group. We will be stronger together.”

Clare Collins, COO of CTTG, said: “The alignment of like-minded ambition combined with our passion for growth on a global scale makes this the perfect DNA to take the merged businesses to the next level.

Our teams of talented and loyal people, along with our robust supplier relationships, will continue to provide rich content, innovation and competitive pricing.

We value our clients and promise to maintain and enhance our personable approach; this will not be waived. The combined travel group have established physical office locations in London, Kent and Yorkshire, allowing us to attract the best talent in the industry to our already passionate and talented team. We will continue to invest in our remote and hybrid teams, allowing them to thrive and this is something we are looking to enhance as we move forward with GTM.”

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