JTB will reduce its capital from 2.3 billion JPY currently to 100 million JPY as of March 31 2021, downsizing to a small to mid-sized business on the corporate tax system to pay corporate tax at lower rate.
JTB is accelerating digital transformation combined with human-touch services, trying to break away from paper brochures
JTB is accelerating digital-based human-touch services in Tourism, Area Solution and Business Solution fields, shifting its selling channels from retailers or call centers to smart devices-oriented Online Mergers with Offline amid its digital transformation efforts.
JTB develops tourism-oriented MaaS software to provide seamless services from search and booking to mobility experience
JTB has developed ‘JTB MaaS API Gateway’ as a tourism-oriented MaaS software. The software provides travelers with seamless services from product search, booking and payment to mobility experience through API connection between the gateway and tourism operators’ apps.
Travel consumption of 318.7 billion JPY may be lost due to nationwide tentative suspension of the Japan’s domestic travel recovery initiative
JTB Tourism Research & Consulting has calculated losses of 9.6 million travelers and 318.7 billion JPY in travel consumption due to the tentative suspension. Japanese domestic travelers during 2020-2021 New Year holiday period is expected to reduce by 73% to 7.9 million from 29.3 million a year ago.
JTB survey finds 85% have no plan to travel during the New Year holidays amid an increase in COVID-19 cases
The JTB survey on travel trend in this coming New Year holidays results find that the ratio of ‘traveling including homecoming’ accounted for 14.8% including ‘probably traveling (6.9%),’ which was 5.2 lower points than a year ago.
JTB seeks profit in the next fiscal year, accelerating the digital-base businesses for new values and lifestyles
JTB aims to achieve operating profit of 30 billion JPY as early as FY2024 and 45 billion JPY as early as FY2028, for which its new midterm business plan focuses on accelerating the digital-base business for new values and lifestyles services not only relying on people's movement.
JTB launches ‘resort working’ subscription program in Okinawa, offering all-you-can-use services for a year
JTB has started selling the subscription-typed resort working program in Okinawa, which allows you to use a hotel, co-working places, rent-a-car, delivery of baggage and flights to resort islands for a year whenever you want to, by paying 30,000 JPY.
JTB is cutting 6,500 jobs and cost of 140 billion JPY to survive the COVID-19 crisis, posting record-high half-year deficit
Posting record-high half-year deficit due to COVID-19, JTB is cutting 6,500 jobs and cost of 140 billion JPY and shutting 25% of all retail stores in Japan (115 stores) to survive the ongoing crisis and also is leveraging the domestic dynamic package business.
JTB and IBM Japan create a joint venture based on JTB System Solutions to work together for DX in Japan
JTB and IBM Japan signed a comprehensive partnership agreement on digital services to work together for DX acceleration in Japan, integrating JTB’s knowledge and insights in the travel industry with IBM’s advanced technologies and professional human resources.
JTB adds Japan Railway tickets in its dynamic pricing products, making possible a package of railway and accommodation
JTB has started dealing with Japan Railways (JR) tickets on ‘JTB Dynamic Package MySTYLE,' which enables travelers to choose a a package of railway and accommodation based on dynamic pricing, in addition to conventional package of flight and accommodation.
JTB launches a private tour in English with an authorized interpreter guide for Japanese domestic travelers
JTB develops a new product to tour in English in Japan with an authorized interpreter guide, targeting students who have lost international studies or senior people who want to learn English in travel, for example.
JTB develops ‘Virtual School Trip 360’ with realtime communications to help schools suspending school trips amid COVID-19
JTB offers VR-based ‘Virtual School Trip 360’ combining a 360-degree image tour with realtime communication with local people in order to give a school trip opportunity to schools suspending their trips amid COVID-19.
JTB Report 2020 for Japanese overseas travel trend in 2019 illustrates the departure rate of Generation Z was 46%
The JTB Report 2020, analyzing the outbound travel market of Japan in 2019, illustrates major reasons for the record-breaking result, and some of the trends are likely to continue even after COVID-19 ends.
JTB is exploiting Workcation demands in the New Normal age, developing innovative contents in partnership with local governments and communities, amid change of working and life styles in Japan.
JTB offers New Normal-based corporate incentive travel, benefiting an individual employee with a travel chance anytime
JTB has launched New Normal-based corporate incentive travel to give a travel product gift to an individual employee, not conventional group travel, amid COVID-19 crisis. An employee can use the travel gift whenever he or she wants to go.
New JTB CEO aims to create ‘a new tourism interaction era’ with digital and real combined in the future
New JTB President and CEO Eijiro Yamakita talked about JTB business strategies under the COVID-19 crisis at an inauguration interview with Travel Voice, including acceleration of DX and solution business.
JTB launches dynamic pricing-based domestic travel tours on its website developing a discount coupon campaign
JTB has started selling ‘dynamic pricing’-based domestic travel tour ‘JTB Dynamic Package MySTYLE’ on its website, offering a special coupon as the online launch celebration.
JTB’s joint venture helps tourist facilities in Japan digitalize their ticketing, supporting new normal travel with COVID-19
JTB and Good Fellows, the leading ticketing system provider, established Good Fellows JTB (GFJ) to help tourist facilities digitalize their ticketing not only for effective operation but also infection prevention.
JTB announced large reductions in consolidated sales and profits for FY2019 , hit by COVID-19 in the last quarter, but ensured a surplus of 1.6 billion JPY from loss of 15.1 billion JPY in FY2018.
JTB appoints Eijiro Yamakita as new president, accelerating its global business and digital transformation
JTB is accelerating its global business and digital transformation under new leadership by Eijiro Yamakita, who will be promoted from Managing Executive Officer.