Travel Leaders Group extended its reach into Latin America with the acquisition of Mexico-based Corporate Travel Services (CTS).
With annual sales of $350 million and 600 employees, CTS is Mexico’s largest independent travel management company, according to Travel Leaders. The firm concentrates roughly 65% of its volume in business travel, while also serving luxury leisure travelers; its MICE division is its strongest growth area.
CEO Ninan Chacko indicated that Travel Leaders Group will continue to expand through acquisitions, joint ventures and strategic partnerships.
Terms of the CTS acquisition were not released.
Most Expensive Luxury Hotels in Miami
1. Fisher Island Resort (Miami) $1,573
2. The Breakers Palm Beach $1,131
3. The Moorings Village (Islamorada) $1,127
4. Four Seasons at the Surf Club (Surfside)
Multigenerational Adventure Cruising is Trending
Smaller expedition cruises are taking families on momentous journeys to off-the-beaten-path locales like Antarctica, Africa and the Galapagos.
|Managing Your Clients' Trip Advisor Experience|
Travel agents offer their advice about how travel review sites are both a challenge and a benefit to their businesses.
|Let a Pied Piper Lead Your Group Travel Business to Success|
One of the fastest ways to sell out a group trip is to have that charismatic person everyone loves to follow. But who are they and where can you find them?
|CCRA Purging Non-Compliant Travel Agencies|
As more and more consumers seek to do business with travel agents, networks and organizations are increasing their standards for certification to help qualified agents stand out.
|The Ins and Outs of Selling Travel Insurance|
Not enough travel agents are taking full advantage of the impact travel insurance can have on their bottom line, said experts at this year’s Travel MarketPlace Conference in Vancouver.
|How to Use Facebook Live for Marketing|
Over 250 agents at Travel MarketPlace participated in a session about incorporating the new Facebook Live into their marketing efforts - and the travel agent response proved its worth.
|Top Ways to Market on a Shoestring Budget|
Don't have a lot of marketing dollars to spend? One host agency network owner zeroes in on best marketing practices that require little to no expense.