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JAPAN'S JTB MERGING GROUP UNITS TO EXPAND LINEUP OF THEME TOURS

TOKYO, Sep 14, 2009 (AsiaPulse via COMTEX) --

Company: Global Club Inc (GOBA)

Japan's JTB Corp. will Oct. 1 merge two subsidiaries that sell tours with a targeted purpose, such as sports and language-learning packages, amid growing demand for such travel.

JTB Sun & Sun Co., which markets such sports tours as skiing and diving, and JTB Global Club Inc., which handles overseas language-training trips and homestays, will merge into JTB Gaiarec Inc.

The new company will expand tour lineups, combining the know-how of the two predecessors, which had combined sales of 10.2 billion yen (US$112.8 million) in fiscal 2008.

JTB Gaiarec will be capitalized at 100 million yen, with 99 per cent owned by JTB and the other 1 per cent by the travel agency's advertising unit JIC Corp.

(Nikkei) cg

Copyright (C) 2009 Asia Pulse. All rights reserved

News Provided by COMTEX

Company: Global Club Inc (GOBA)


Related terms: advertising, diving, japan, merger, nikkei, sales, skiing, sports, travel, yen

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