JTB Corp. has acquired EXO Travel for an undisclosed amount, marking a significant corporate acquisition in the global travel sector. This transaction sees JTB Corp. taking full ownership of EXO Travel, integrating its operations into the acquiring company's portfolio.
Founded in 1993, EXO Travel has built a strong reputation as a pioneering destination management company (DMC) with over three decades of experience. The company is known for empowering travelers to discover destinations authentically, connecting them with local people, cultures, and landscapes. Operating in thirteen destinations, EXO Travel is B Corp Certified, underscoring its dedication to sustainability, industry-leading technology, and a passionate team of travel experts. Its mission has consistently focused on building a business that delivers lasting positive impact for its employees, communities, and the environment.
The acquisition is strategically driven by JTB Corp.'s aim to expand its global reach and enhance its service offerings, particularly in the specialized field of destination management. EXO Travel's established network, deep local expertise, and proven sustainable practices are expected to complement JTB Corp.'s broader travel operations. This move allows JTB Corp. to leverage EXO Travel's innovative approach to travel and its strong brand identity built on responsible tourism.
Expected synergies include the integration of EXO Travel's advanced technology and sustainable operational models across JTB Corp.'s network, while EXO Travel will benefit from JTB Corp.'s extensive resources and global scale. The combined entity is poised to deliver enriched, authentic, and sustainable travel experiences to a wider audience, reinforcing a shared commitment to responsible tourism and positive impact within the industry.