17 February 2005 | David Arminas
The Institute of Travel Management (ITM) and the US-based Association of Corporate Travel Executives (ACTE) are to merge.
The ITM board has agreed that a merger is in the interest of its 1,000 members, who include travel buyers and suppliers - recently put on equal status.
Tom Stone, ITM chairman, said: "The merger will be a big step to ensure our members have single and much stronger voice in lobbying government at home and internationally."
However, the ITM board must recommend the merger to its members. No date has been set for a vote, which could happen by the end of the year, according to an ITM spokesperson.
An ACTE spokesperson told SM the name "will likely include some mention of ACTE". He said the ACTE will form a fifth region comprising the ITM and ACTE members in Ireland.
The merged ITM and Ireland region will have a seat on the ACTE board and the international headquarters will remain in Alexandria, Virginia.
The ACTE's membership is 40 per cent travel buyers and 60 per cent suppliers. Around 46 per cent of members are outside the US.