ITL World, CTM enter into strategic travel management alliance
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ITL World recently announced an exclusive partnership agreement with Corporate Travel Management (CTM) for the GCC region.
This partnership will help both companies expand their network and share global practices and local expertise to their clients.
Dr Siddeek Ahmed, chairman and managing director of ITL World (part of the Eram Group) said: “Over the last few years, ITL World has established itself as a leader in travel management in the GCC region. We wanted to take our services to the next level, where we could cater to our clients’ global travel management requirements seamlessly as a single fulfilment partner. This partnership will enable us to offer our local expertise in the GCC region to CTM’s global clients.”
This partnership will enable ITL World and CTM to expand their global reach and leverage each other’s network and technology solutions to create a single fulfilment platform. ITL World will benefit from CTM’s business strategy, which combines personalized service-excellence with client-facing technology solutions to deliver a return-on-investment to clients, while CTM will benefit from ITL World’s regional knowledge, relationships and expertise.
According to the World Travel and Tourism Council (WTTC) the travel and tourism industry contributed more than US$7.2 trillion to the world’s gross domestic product and added 7.2 million jobs last year. The travel and tourism industry in the Middle East region saw 5.9% growth in contribution to GDP during the year which was driven by a worldwide increase in middle-class income households and an ageing population, which tends to travel more. The growing connectivity between destinations, which makes travel more accessible and affordable, has also pushed the sector.
ITL World currently has 37 offices across Asia, Middle East and Europe and intends to expand to 200 offices by 2020.
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