Analysts expect Jamie Pherous’ Corporate Travel Management to win more work from business and government clients after it secured a lucrative new deal with the UK’s Home Office worth $3 billion.

News of the agreement pushed the travel agency’s shares more than 10 per cent higher to $20.86 shortly after 2pm AEST. Corporate Travel will provide the Home Office with accommodation and travel services over two years, with options to extend the deal for another year.