CT Partners, Australia’s leading independently owned travel buying network, today announced exceptional results at the 2024 CT Partners Annual Conference at the luxurious Four Seasons The Nam Hai in Hội An, Vietnam.
With Total Transaction Value (TTV) surpassing $2 billion in FY24, including $1 billion from preferred airline production, CT Partners has cemented its status as the third-largest travel buying group in Australia.
This year’s conference brings together 100 delegates from Australia’s top corporate and premium-leisure travel businesses, along with representatives from preferred partners, making it a premier networking and knowledge-sharing event.
The gathering includes key figures such as Singapore Airlines, CT Partners’ major conference sponsor, as well as other leading industry suppliers and ATIA CEO Dean Long. Throughout the three-day event, delegates are participating in insightful sessions focused on travel innovation, collaboration and New Distribution Capability (NDC), with a keynote presentation by Vietnam travel expert and cultural commentator Mark Bowyer .
CT Partners’ members are 32 of the most successful independent corporate-travel-management firms and premium-leisure agencies.
Delivering for Members: By passing through 100% of supplier payments and driving innovation, CT Partners maximises value for its members as well as offering other significant benefits including collective buying power and access to a collaborative network of like-minded professionals. CT Partners’ focus on delivering for members has again proven highly effective, with total member overrides reaching a record $26 million in FY24—a 48%increase from FY23 This growth includes significant percentage increases in both airline and land income, underscoring CT Partners’ leadership in premium leisure, corporate travel and event sectors.
Board Election Results: During the AGM, members voted to re-elect Anna McMurtrie from Wentworth Travel, while long-serving board member Mark Chaskiel of FBI Travel will step down after serving for seven years on the Board. The Board of Directors is now:
- Joe Araullo – Travel Managers
- Peter Muller – ATPI
- Fiona Prosser – Globetrotter Travel
- Michael Chase-Smith – Orbit World Travel
- Shane Barr – TAG
- Anna McMurtrie – Wentworth Travel
- Gary Reichenberg – Connections Travel Group
Celebrating 20 Years of Excellence: CT Partners is celebrating two decades of industry leadership, collaboration, and member success. This milestone underscores CT Partners’ growth and its dedication to supporting independent travel agencies across Australia.
Positive Outlook for FY25: Looking ahead, CT Partners projects continued growth for FY25, with 5% year-on-year growth in Q1 airline production, driven by a strong focus on premium cabin sales. CT Partners remains committed to providing strategic growth opportunities and maximising value for its members.
Quotes from CT Partners Chair Joe Araullo:
“CT Partners’ focus on delivering 100% for members continues to yield outstanding results, and this record-breaking year highlights the strength of our model. By ensuring that supplier payments go entirely to our members, we are empowering their growth and enhancing their market competitiveness.”
“I would also like to acknowledge the contributions of Mark Chaskiel, who has been an invaluable part of CT Partners since its inception. Mark’s commitment and dedication have greatly benefited the network, and we thank him sincerely as he steps down from the Board.”
Quotes from CT Partners CEO Matt Masson:
“Achieving $2 billion in TTV and a 48% increase in member overrides underscores the power of CT Partners’ approach and the strength of our supplier relationships. This year’s AGM celebrates 20 years of CT Partners’ success, and as we look to FY25, we remain focused on further enhancing our premium travel offerings and driving value for our members. Our momentum is strong, and we are well-positioned to deliver another successful year.”
