Subscription Sale Model for Travel Grows Globally as CTS Now Sees 63% of Transactions Outside the US
South Carolina, USA – 7 October 2024 – Custom Travel Solutions (CTS), the software-as-a-service private-label platform for closed-user groups such as membership organizations & loyalty programs to sell travel, is seeing significant international growth, with 63% of its transactions now taking place outside of the United States. This marks a substantial increase from 40% last year and reflects the growing global appetite for travel subscription models.
Germany has emerged as the top market for CTS transactions outside the US, contributing 27% of total international activity. It is followed by Italy, which accounts for 7%, and Switzerland at 5%. Meanwhile, the US continues holding a 37% share of total transactions in 2024.
This international expansion is part of CTS’s broader strategy, built on the belief that the travel club model has global appeal. The model has shown strong potential in diverse markets by offering exclusive travel benefits to members of closed-user groups. CTS recognized that this subscription-based approach, with its value and convenience, would resonate with travelers worldwide. By strategically expanding into key international regions, CTS has adapted its offering to meet local demands while growing its global presence.
“We’ve achieved this remarkable growth by building strong international teams, tailoring our offering and inventory to different markets, and introducing more competitive pricing structures that resonate with global travelers,” said Mike Putman, CEO & Founder of CTS.
“We aim to increase our global presence, with 75% of sales coming from outside the US by 2025,” continued Mike. “We see the European and Asia regions as key markets in reaching this target. The global adoption of subscription models for travel is just beginning, and we predict strong continued growth.”
Custom Travel Solutions (CTS) is a software-as-a-service private-label platform for closed-user groups such as membership organizations & loyalty programs to sell travel.
CTS’s customizable offerings include private-label platforms, accommodation APIs, benefits catalogs, and loyalty solutions.
Founded in 2015, CTS employs over 60 people worldwide and has serviced millions of members for its global portfolio of clients.
For more information visit https://customtravelsolutions.com/
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