BCD Travel has inked a deal to take major ownership in Hitachi Travel Bureau, one of Japan's leading travel management companies, the move flinging open doors into the Asia Pacific region for the global brand.
"This investment is the result of careful, long-term planning and also a reflection of our commitment to Asia Pacific," said Greg O'Neil, BCD's president of Asia Pacific.
With this announcement, Kazuhiko Otani, the current President of Hitachi Travel Bureau, remains at the helm as President/Managing Director for BCD in Japan. Armed with 30 years of experience in the local scene, and supported by a 280-strong team with offices in Japan and China, and annual sales of over US$330 million, O'Neil looks forward to "enhancing our product and service offerings for both global and local clients in this key market".
As one of the region's leading economies, Japan's wide variety of export industries span the gamut across automobiles, consumer electronics, pharmaceuticals, bioengineering, semiconductors, shipbuilding, aerospace and processed foods.
The announcement follows a multi-year series of aggressive expansion moves acquiring majority stakes and full ownership of various travel operations worldwide in Brazil, Poland, Colombia, China, Dubai and Hong Kong. The global buy over also includes events agencies such as U.K.-based Zibrant, marketing logistics agency Plan 365 Life Sciences; and mobile technology company GetGoing.
BCD Travel currently has a presence in 109 countries, where its product and services sales reached US$27.1 billion in 2018.