FCM Travel Solutions Strengthens Global Footprint

first_imgFCM Travel Solutions Strengthens Global FootprintFCM Travel Solutions Strengthens Global FootprintThe Flight Centre Travel Group (FLT) has strengthened the European footprint of its flagship global business travel division, FCM Travel Solutions, with the announcement that it has taken 100 per cent ownership of 3Mundi, FCM’s partner in France and Switzerland.In July 2017, FLT made an initial 25 per cent investment in 3Mundi, which has been a licensee partner of FCM since 2015. On 30 June 2019, FLT acquired the remaining 75 per cent of 3Mundi’s business.Executive General Manager – Flight Centre Travel Group Corporate Division James Kavanagh said the acquisition has further underlined FCM’s position as one of the world’s largest corporate travel management businesses.“The acquisition will unlock further benefits both for Australian customers as well as FCM’s multi-national clients. France and Switzerland are important corporate travel hubs – in fact France is now the sixth largest corporate travel market in the world,” said James.“We now have a stronger corporate network and an even more powerful proposition for French and Swiss customers, and for global customers who travel to and transact in these key markets.”In addition to the UK & Ireland, FCM’s equity-owned footprint in Europe now extends to Germany, France, Netherlands, Switzerland, Sweden, Norway, Finland and Denmark.Globally, Flight Centre Travel Group’s corporate businesses have continued to perform strongly and together generated AUS$ 4.2 billion in TTV during the six months to December 31, 2018, about 37 per cent of the group’s global TTV for the period. Besides FCM Travel Solutions, which has a presence in 97 countries worldwide, FCTG’s corporate brands are: Corporate Traveller, specialising in the SME sector; cievents – a globally recognised full service strategic meetings and event management agency; and Stage & Screen, specialist travel provider to clients in the television, film, music, performing arts, sports and creative industries.About FCM & Flight Centre Travel Group FCM Travel Solutions is one of the largest global business travel management companies with a presence in over 97 countries, providing tailored services to large national and multi-national corporations. FCM is the flagship business travel division of Flight Centre Travel Group, one of the world’s largest travel companies. After starting with one travel agency in the early 1980s, Flight Centre Travel Group (FLT) has enjoyed remarkable growth to become a $20 billion business consisting of more than 40 brands and company-owned operations in 23 countries. FCTG was listed on the Australian Securities Exchange in 1995 (ASX: FLT). Flight Centre Travel Group employs more than 19,000 people globally and has a total of almost 2800 businesses.Source = FCM Travel Solutionslast_img