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

TOKYO--(BUSINESS WIRE)--Jun 17, 2026--

JTB Corp. today announced that it has reached an agreement to acquire all the shares of All Wise Holdings Pte. Ltd., the operator of Bangkok-based EXO Travel Group, a leading Destination Management Companies (DMCs) in Asia. The acquisition will be made through a JTB group company in the Asia-Pacific region.

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EXO Travel operates in the B2B market, primarily across Asia Pacific. For over 30 years, it has consistently maintained high customer satisfaction based on trust, achievements and high-quality service. The company has a strong brand presence in the affluent markets of Europe, North America and Australia, where the trust of partner companies contributes significantly to its value. Additionally, EXO Travel leverages its extensive network of destinations in Asia Pacific to develop strong products and adapt flexibly to changing customer needs.

EXO Travel's unique digital technology simplifies complex arrangements to significantly enhance customer convenience. Seamlessly connecting partner companies in Europe, North America and Australia with destinations in Asia Pacific, this technology transcends physical distances to enhance customer experiences and contribute to the business growth of partners.

JTB is evolving its approach to delivering its "Designing Human Moments" mission, moving from a traditional Japan-centric business model to a global network of interconnected regions. This transformation aims to achieve further business expansion towards "Departing Globally, Arriving Globally." To further this initiative, EXO Travel's robust customer base (source markets) and comprehensive service infrastructure (destinations) will now be integrated into JTB's operations.

The acquisition is expected to enhance customer satisfaction throughout the JTB Group by leveraging the strengths of JTB Global Marketing & Travel Inc., which drives the JTB Group's Japan inbound travel business, and EXO Travel, which specializes in intra-Asia travel. Additionally, Asia, including Japan, will be treated as a unified travel destination, building on EXO Travel's broad international presence, to respond to the growing demand for multi-destination travel. As a globally operating DMC, the JTB Group will facilitate diverse global exchanges and foster enriching "Human Moments" that connect people, places and opportunities.

JTB's post-acquisition business development strategies:

Overview of Acquired Company

About JTB Corp.

The JTB Corp., one of Japan’s leading travel-solution providers, is dedicated to “Designing Human Moments.” Founded in 1912, JTB has evolved alongside society while remaining committed to the value of human connection. Drawing on more than a century of insight and expertise in tourism, JTB has expanded into a broad range of businesses, including individual, corporate and educational travel; meetings and events; and sports hospitality. JTB provides travel solutions worldwide through its global network of 153 offices in 37 countries and regions. By combining the power of its people with data and AI, JTB contributes to a more sustainable and prosperous global society, guided by its vision of creating “Perfect moments, always.”
Please visit www.jtbcorp.jp/en/.

About EXO Travel Group

EXO Travel is B Corp i leading Destination Management Company specializing in tailor-made travel and experiences across Asia and beyond. With operational offices throughout Asia Pacific, Egypt and Morocco, EXO Travel works with travel advisors, tour operators and industry partners worldwide to deliver high-quality, locally grounded travel experiences with a strong focus on service, sustainability and innovation.
Countries of Operation within Asia: Thailand, Vietnam, Laos, Cambodia, Indonesia, Malaysia, Singapore, Japan, South Korea, and Myanmar.　*In addition to establishing a foundation in major Asian countries, EXO Travel also has destination bases in Egypt and Morocco, demonstrating its expansion beyond the Asian region.
i B Corp certification is an international sustainability certification program administered by the U.S. nonprofit organization “B Lab.”

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

PHOENIX (AP) — The two Republican congressmen running for Arizona governor pitched themselves at a debate Wednesday as the only candidate with broad enough voter appeal to unseat Democratic Gov. Katie Hobbs amid the state’s affordability struggles.

U.S. Rep. Andy Biggs, who is the GOP primary’s frontrunner and has the endorsement of President Donald Trump, portrayed himself as being able to cross party lines and having the right experience to be the state’s chief executive.

“There’s not a doubt in my mind, if you look at the polling data that you’re going to find, I am the most competitive with Katie Hobbs of anybody on this stage in any Republican in the state,” Biggs said.

U.S. Rep. David Schweikert, who has survived three tough Democratic challenges in recent years, believes his focus on government finances and his drive to bring new business to the state make him the singular Republican candidate.

“These are wonderful people, but they’ve never actually been in the great battle,” Schweikert said of Biggs and two other Republican opponents.

Businessman Scott Neely, who ran an unsuccessful gubernatorial campaign in 2022, said after the debate that if Biggs wins the primary, Republicans will lose the election.

The winner of the July 21 primary will face Hobbs, who’s running unopposed in the primary.

Biggs has served five terms in the U.S. House, representing a heavily GOP district in the eastern Phoenix suburbs and serving at one time as chairman of the ultra-right U.S. House Freedom Caucus.

Before that, Biggs served in the Arizona Legislature from 2003 through 2016, including four years as president of the state Senate. He battled with then-Republican Gov. Jan Brewer on a Medicaid expansion in 2013 and pushed school choice measures and bills targeting abortion providers.

Biggs is one of Trump’s top defenders in Congress and supported Trump’s false claims the 2020 presidential election was stolen from him.

Schweikert, a budget hawk known for railing against government debt, has represented an affluent district that includes parts of northeast Phoenix and Scottsdale for eight terms. He served in the Arizona House in the 1990s and as Maricopa County’s treasurer in the 2000s.

Schweikert has focused his congressional career on sounding the alarm about the federal budget deficit and the ballooning U.S. debt, often in late-night speeches to a nearly empty House chamber and bleary-eyed C-SPAN viewers. Schweikert has praised Trump’s 2017 tax cuts but has called for more spending cuts to reduce federal borrowing.

His reputation was tarnished by ethics scandals. In 2022, he received a $125,000 fine by the Federal Election Commission for misappropriating campaign funds. Two years prior, he agreed to pay a $50,000 fine and accept 11 campaign finance violations after an investigation by the U.S. House Committee on Ethics. In his last three general campaigns for Congress, Schweikert staved off challenges from Democrats. Biggs voiced support for Arizona's recent passage of a three-year moratorium on tax incentives for new data centers – a move Hobbs also has touted. “They shouldn’t be given a break,” Biggs said, noting the large amounts of power and water that data centers use.

Schweikert bemoaned Arizona’s unfavorable affordability rankings as “pretty miserable,” but said consumer prices don’t come down magically. He vowed to aggressively recruit businesses to Arizona and push for wage growth.

Both congressmen were asked about the expired healthcare subsidies for those getting coverage under the Affordable Care Act.

“We’re going to have to deal with the reality of subsidization of everything in the economy is not going to work,” Schweikert said.

Biggs said he introduced legislation in Congress to bring down healthcare costs and also voiced support for Trump’s proposal to send money directly to Americans for health savings accounts so they can handle insurance and health costs as they see fit.

Scott Neely debates with his Republican opponents in the 2026 AZ Clean Elections governor primary debate, Wednesday, June 17, 2026, in Scottsdale, Ariz. (Diannie Chavez/The Arizona Republic via AP, Pool)