CTM seals five-year Amadeus deal as ASX deadline looms

THE NEWS: Corporate Travel Management (CTM) has signed a five‑year global partnership with Amadeus, naming the travel‑technology giant its preferred global distribution system (GDS) provider.

DETAILS:

The agreement followed a competitive tender process.

CTM will access Amadeus’ platform that connects travel sellers with more than 400 airlines, around two million hotel properties and more than 25 rail providers.

The technology will automate ticketing, queue management, quality control and schedule‑change processing.

CTM expects the partnership to deliver productivity and technology benefits as it rolls out across its regions.

The deal comes at a critical time for the ASX‑listed company, whose shares have been suspended while it completes a long‑running financial reporting process.

WHY IT MATTERS: The partnership gives CTM extensive inventory access and automation tools just as its shares are suspended, potentially bolstering operational efficiency and supporting the company’s effort to resolve its financial reporting issues and regain market confidence.

FAQ
What is the length of the partnership between CTM and Amadeus?
The partnership runs for five years, covering CTM’s global operations and designating Amadeus as its preferred GDS provider for the duration.

What capabilities will CTM gain from the Amadeus platform?
CTM will connect to over 400 airlines, about two million hotels and more than 25 rail providers, and will automate ticketing, queue management, quality control and schedule‑change processing.

Why is the Amadeus partnership critical for CTM at this time?
CTM’s shares are suspended while it finalises a lengthy financial reporting process; the new technology and inventory access aim to improve productivity, support regional roll‑outs and help the company stabilise operations and restore investor confidence.

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Tags: amadeus