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Market Chatter: JTB Mulls 600 Billion Yen Investments to Expand Global Business Through 2035

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Japanese travel agency JTB is mulling investing 600 billion yen through 2035 to expand its global business presence as the group faces domestic growth challenges, Nikkei Asia reported on Sept. 5.

The planned investments are four times the total investments made between 2015 and 2024. The company will also increase its investments in mergers and acquisitions, intellectual property content, and real estate by more than tenfold.

The company plans to acquire overseas tour and travel operators and invest in talent, artificial intelligence, and systems development as it seeks to make its international business account for half of operating profit by 2035.

JTB did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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