Corporate Travel Management (CTM) has reported a 36.5% rise in Total Transaction Value in the first half of the financial year with client activity "steady" despite global economic uncertainty.
TTV hit just over $431 million with the contributions from ETM and its US acquisitions inflating the growth.
On a like for like organic growth basis, TTV climbed 14.3%.
The company said it expects a stronger second half in Australia and New Zealand when new clients begin transacting. The US performance is also likely to improve.
"The USA is performing above expectations and we expect a stronger 2H due to the volume of new clients won, combined with client retention," CTM said in a statement on the ASX.
CTM added it is continuing to explore further acquisitions and was "encouraged" by opportunities.
