JTB to Acquire Asian DMC Leader EXO Travel for Accelerated Global Growth

TOKYO–(BUSINESS WIRE)–JTB Corp. right this moment introduced that it has reached an settlement to amass all of the shares of All Wise Holdings Pte. Ltd., the operator of Bangkok-based EXO Travel Group, a number one Destination Management Companies (DMCs) in Asia. The acquisition will probably be made by a JTB group firm within the Asia-Pacific area.

EXO Travel operates within the B2B market, primarily throughout Asia Pacific. For over 30 years, it has persistently maintained excessive buyer satisfaction based mostly on belief, achievements and high-quality service. The firm has a powerful model presence within the prosperous markets of Europe, North America and Australia, the place the belief of accomplice corporations contributes considerably to its worth. Additionally, EXO Travel leverages its in depth community of locations in Asia Pacific to develop sturdy merchandise and adapt flexibly to altering buyer wants.

EXO Travel’s distinctive digital expertise simplifies complicated preparations to considerably improve buyer comfort. Seamlessly connecting accomplice corporations in Europe, North America and Australia with locations in Asia Pacific, this expertise transcends bodily distances to reinforce buyer experiences and contribute to the enterprise development of companions.

JTB is evolving its strategy to delivering its “Designing Human Moments” mission, transferring from a standard Japan-centric enterprise mannequin to a world community of interconnected areas. This transformation goals to realize additional enterprise growth in direction of “Departing Globally, Arriving Globally.” To additional this initiative, EXO Travel’s strong buyer base (supply markets) and complete service infrastructure (locations) will now be built-in into JTB’s operations.

The acquisition is anticipated to reinforce buyer satisfaction all through the JTB Group by leveraging the strengths of JTB Global Marketing & Travel Inc., which drives the JTB Group’s Japan inbound journey enterprise, and EXO Travel, which focuses on intra-Asia journey. Additionally, Asia, together with Japan, will probably be handled as a unified journey vacation spot, constructing on EXO Travel’s broad worldwide presence, to reply to the rising demand for multi-destination journey. As a globally working DMC, the JTB Group will facilitate various international exchanges and foster enriching “Human Moments” that join folks, locations and alternatives.

JTB’s post-acquisition enterprise growth methods:

1. Establish a powerful buyer base and develop outbound enterprise from Europe, North America and Australia to Asia, together with Japan.
2. Build a system that maximizes synergies by integrating and optimizing gross sales, advertising and marketing and operational capabilities.
3. Maximize the strengths of JTB and EXO Travel to grow to be Asia’s main DMC. Additionally, combine strategically with the JTB Group’s current international DMC enterprise to ascertain a place because the world’s main DMC and contribute to business growth.

Overview of Acquired Company

• Owner: All Wise Holdings Pte. Ltd.
• Trade title: EXO Travel Group
• Head workplace: Bangkok, Kingdom of Thailand
• CEO: Hamish Keith
• Established: 1993
• Capital: Undisclosed
• Business: DMC enterprise in Asia, together with Japan
• Website:

About JTB Corp.

The JTB Corp., one in all Japan’s main travel-solution suppliers, is devoted to “Designing Human Moments.” Founded in 1912, JTB has advanced alongside society whereas remaining dedicated to the worth of human connection. Drawing on greater than a century of perception and experience in tourism, JTB has expanded right into a broad vary of companies, together with particular person, company and academic journey; conferences and occasions; and sports activities hospitality. JTB supplies journey options worldwide by its international community of 153 places of work in 37 nations and areas. By combining the ability of its folks with information and AI, JTB contributes to a extra sustainable and affluent international society, guided by its imaginative and prescient of making “Perfect moments, always.”

Please go to www.jtbcorp.jp/en/.

About EXO Travel Group

EXO Travel is B Corpⁱ main Destination Management Company specializing in tailored journey and experiences throughout Asia and past. With operational places of work all through Asia Pacific, Egypt and Morocco, EXO Travel works with journey advisors, tour operators and business companions worldwide to ship high-quality, regionally grounded journey experiences with a powerful deal with service, sustainability and innovation.

Countries of Operation inside Asia: Thailand, Vietnam, Laos, Cambodia, Indonesia, Malaysia, Singapore, Japan, South Korea, and Myanmar.　*In addition to establishing a basis in main Asian nations, EXO Travel additionally has vacation spot bases in Egypt and Morocco, demonstrating its growth past the Asian area.

ⁱ B Corp certification is a world sustainability certification program administered by the U.S. nonprofit group “B Lab.”