ITL World Enters into Strategic Travel Management Alliance with CTM

This partnership will provide Clients a one of a kind enhanced travel experience via a seamless single travel management partner; making it convenient, cost efficient and simple. End Quote

(1888PressRelease) April 16, 2016 - Dubai, UAE - ITL World, a leading travel management company in the Middle East, today announced that it has signed an exclusive partnership agreement with Corporate Travel Management (CTM), the award-winning global provider of innovative and cost-effective travel management solutions, for the GCC region. This partnership will help both companies expand their network and allow them to share global best practices and local expertise to their clients, offering only the best travel management solutions and services.

Speaking on the partnership, Dr. Siddeek Ahmed, Chairman & Managing Director of ITL World (part of the Eram Group), "Over the last few years, ITL World has established itself as a leader in travel management in the GCC region and a trusted travel advisor to our corporate clients. 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 fulfillment partner. Hence, we decided to partner with CTM, one of the best and most reputed global travel management companies with a strong network in over 53 countries. 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 fulfillment platform for their clients' global travel requirements. ITL World will benefit from CTM's proven business strategy, which combines personalized service-excellence with world-class 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.

Speaking on the new partnership, CTM's CEO EMEA Chris Thelen said, "CTM has a strong customer focused philosophy. In recognising the growing global reach of our clients, we have identified an opportunity to expand our partner network in the Middle East. The CTM Global Partner network is made up of a bespoke group of well established, in-country travel management partners which provide our clients with consistent, reliable and service-driven solutions for their multi-regional travel management needs. We are excited to have found a partner like ITL World with their local expertise in the Middle Eastern and Asian markets and very much look forward to working together going forward."

According to the World Travel and Tourism Council (WTTC) the travel and tourism industry contributed more than $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 per cent 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 has been a preferred partner of several global travel brands and tourism boards in the region. Rated consecutively as the 5thmost powerful travel management company in the Middle East by Arabian Travel News, the company has been catering to a wide portfolio of clientele across Asia and the Middle East since the company was founded over three decades ago. ITL World provides highly personalized service and developing innovative and flexible client solutions with a commitment to demonstrating a positive return on investment on their services.

Deploying cutting-edge, in-house developed travel technologies, as well as the industry's leading Global Distribution Systems, ITL World facilitates an enhanced 360 degree client experience. With well-known travel brands such as 'Miceminds', 'Arabian Experience' and 'EduVoyage' under its portfolio, ITL World offers travel solutions to verticals such as government, Oil & Gas, Education to name a few.

ITL World is one of the few travel management companies in the Middle East to have its own fully operating offices in the GCC region. The company currently has 37 offices across Asia, Middle East and Europe and intends to expand to 200 offices by 2020.

CTM is an award-winning provider of innovative and cost-effective travel management solutions to the corporate market. Its proven business strategy combines personalised service-excellence with client-facing technology solutions to deliver a return-on-investment to clients. Founded in 1994, the company is headquartered in Brisbane, Australia, employs more than2,000 FTE staff globally and services clients in 82 cities across 53 countries. The company is listed on the Australian Securities Exchange (ASX: CTD).

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