JAPAN TRAVEL BUREAU AND CARLSON WAGONLIT TRAVEL ANNOUNCE TRAVEL AND EXPENSE MANAGEMENT JOINT VENTURE IN JAPAN

TOKYO (December 8, 2025) - Japan Travel Bureau and Carlson Wagonlit Travel confirmed today a travel and expense management joint venture which will be operational beginning January 1, 2001. 
The new company - "JTB Business Travel Solutions Inc." trading as "JTB-CWT Business Travel Solutions" will incorporate the logos of JTB and Carlson Wagonlit Travel in its trading name, corporate image and branding. 
The joint venture in Japan will provide corporate clients with a seamless travel and expense management service through the combination of the domestic and global networks of JTB and Carlson Wagonlit Travel. JTB-CWT Business Travel Solutions will enhance cost savings and management of travel expenses and related consulting services. 
The joint venture company will reinforce the provision of consistent quality service in the Japanese market and with the Global Presence of CWT allow delivery of one-stop services through the integration of JTB's advanced information technology with the products, services and Account Management strategies of Carlson Wagonlit Travel. 
Owned 70 percent by JTB and 30 percent by Carlson Wagonlit Travel, the joint venture will be headed by Toshio Matsugu, former General Manager of JTB New York Office who has been appointed as a president and CEO. The company will have 320 employees and an annual turnover estimated at $300 million (USD) in 2001. 

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Notes to Editor :
JTB: Established in 1912, JTB has grown into the world's largest travel company with more than 3,000 offices in 24 countries. Serving travelers around the world for more than 80 years, JTB has earned a sterling reputation for superior quality service, value, and dependability. In an age of global travel, the special expertise in international travel services sets JTB apart from other travel companies. 
JTB provides corporate, retail and specialty travel services to almost three million outbound clients each year and generates $14 billion (USD) in annual sales.
Carlson Wagonlit Travel: Carlson Wagonlit Travel is a world leader in business travel
management. Today, the Carlson Wagonlit Travel group, resulting from the merger of 
the Carlson and Wagonlit business travel activities, has locations in more than 140 
countries. It generates over $12 billion in annual sales. Carlson Wagonlit Travel is 
co-owned by Paris-based Accor group and Minneapolis-based Carlson Companies, Inc. 
For additional information, contact www.carlsonwagonlit.com 

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