JTB Corporation today announces that it has completed the acquisition of Kuoni Global Travel Services, a world leading provider of Group Travel and Global MICE services.
A new venture will be formed between JTB Europe, Tumlare and Kuoni Global Travel Services, opening prospects to become the No. 1 Global Destination Management Company through improved local product offerings and expanded Global MICE services.
Eijiro Yamakita will serve as the Chairman of the new venture, with Reto Wilhelm as the CEO of the European Inbound Business Unit of JTB Group. The three business entities will report to Reto Wilhelm.
Chairman Yamakita said: “By combining the knowledge and experience of JTB Europe, Tumlare and Kuoni Global Travel Services, we are now better placed to offer the best possible products and highest quality services in the inbound group travel sector.”
CEO Reto Wilhelm said: “We are looking forward to a very strong future for our enhanced business. Through this partnership, we will bring even greater added-value to our customers, and we look forward to further improving the way we work together with our suppliers to make this happen.”
The acquisition was announced on 30 May 2017.
MICE = Meetings Incentives Conferences Events
DMC = Destination Management Company, professional services company possessing extensive local knowledge, expertise and resources, specializing in the design and implementation of events, activities, tours, transportation, etc.