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 . . .