Short’s Travel Management sold its corporate portfolio to Direct Travel for an undisclosed sum. Short's retains its athletic travel management business line.

In a Tuesday message to customers, Short's CEO David LeCompte cited the "many unknowns" facing corporate travel as a reason for the sale. He highlighted an alignment of values, as well as Direct's market positioning, reputation, "personalized service and tailored solutions."

The parties signed the agreement Monday, effective Jan. 1. The corporate unit at Short’s in 2019 handled about $200 million in business travel. Its largest clients are . . .

The full content is available to subscribers

Reminder: As per our Subscriber Agreement, reproduction or distribution of content and sharing user names and passwords are strictly prohibited.

SubscriptionsAnd FREE TRIAL

Jay Campbell

Before starting The Company Dime with David Jonas in 2014, journalist Jay Campbell a decade earlier created travel business newsletter The Beat. In 2006, Jay co-founded Travel Procurement magazine and in 2010 helped integrate them with Business Travel News. He served as BTN's editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University. He would be happy to connect on LinkedIn. He's here at CorporateTravel.social on Mastodon.

Follow
Notify of
0 Comments