NEW YORK, May 8, 2017 /PRNewswire/ -- Travel Leaders Group is today announcing further expansion of its international operations with the addition of CTS (Corporate Travel Services) to its growing list of brands. Founded in 1996 by José Luis Castro in Mexico City, CTS has grown to become the largest and most distinguished independent Travel Management Company (TMC) in Mexico with 600 employees and annual sales of approximately US $350 million. No further details of the transaction will be released.
"While Travel Leaders Group has been dedicated to furthering our organic growth by exploring, developing and implementing industry-leading innovations, we are also continuing our growth through acquisitions, joint ventures and strategic partnerships. In that latter vein, I am very pleased today to announce the newest member of the Travel Leaders Group family as we gain a strategic foothold in Mexico through CTS," noted Ninan Chacko, CTC, Chief Executive Officer of Travel Leaders Group. "The addition of CTS firmly establishes Travel Leaders Group as a key player in the Mexican market and cements our positioning as the leading travel agency company in North America. CTS also provides us with a highly strategic platform from which to expand our presence into the rest of Latin America."
Throughout its 21-year history, the overriding focus of CTS has been on delivering business travel solutions; it has grown to serve more than 300 corporate clients with business travel representing close to 65% of its total sales volume. Additionally, CTS offers diversified solutions and services to MICE (meetings, incentives, conferences and exhibitions) and luxury leisure clientele. The MICE division is currently the highest growth area within CTS, while leisure services are increasingly focused on cross-selling opportunities with CTS corporate clients.
Travel Leaders Group is one of North America's largest travel companies – encompassing nearly one-third of all travel agents – and generates gross travel sales approaching $21 billion. Travel Leaders Group is a leader in both the retail travel agency space and corporate travel, and it consistently ranks as one of the top travel companies nationwide.
About Travel Leaders Group
Travel Leaders Group (www.travelleadersgroup.com) is transforming travel with a commitment to our vacation and business travel clients via our progressive approach toward each unique travel experience. Having already assisted millions of travelers – through our beginnings as Carlson Leisure Group, a division of Carlson Companies, TraveLeaders and Tzell Travel Group and through the additions of Nexion, Vacation.com and Protravel International – Travel Leaders Group manages leisure, business and franchise travel operations under a variety of diversified divisions and brands. With annual sales approaching $21 billion through over 7,000 locations, Travel Leaders Group ranks as one of the industry's largest traditional travel agency companies.
Steve Loucks, CTC
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SOURCE Travel Leaders Group