Corporate Travel Management (CTM) is expanding its Asian footprint with a wholly-owned presence in Tokyo, Japan.
The new Tokyo office is operated alongside the travel solutions provider’s offices in the region, such as Hong Kong, Singapore, China and Taiwan.
The launch follows long-held demand and is designed to maximise on the pent-up need for international travel to Japan, particularly from global firms with a Japanese presence.
“Based on very robust customer feedback over the past few years, we have been working behind the scenes to cement our growth strategy for the Asia region,” said Larry Lo, CEO of CTM Asia.
“Demand for domestic business travel in Japan is brisk. And once Asian countries’ borders reopen, the picture improves significantly,” he added, noting that the move allows CTM to be well-positioned to capitalise on the region’s broader travel recovery in the months ahead.
CTM’s plan to expand into Japan was initiated several years ago following the realisation that having a Japan office would be strategically important.
A Japan presence is “precisely what many existing Asia clients and prospects have been asking for: end-to-end service delivered within Japan, a key business hub within the region”, noted Lo.
Lo added that CTM’s customers both in and outside Asia have long expressed interest in obtaining the same CTM service and technology experience in the Japanese market: a market with high servicing and technology expectations.
CTM’s managing director and founder Jamie Pherous said: “With the opening of our new CTM Asia office in Tokyo, our presence in the region grows, and our power to win new business grows. Our value proposition grows stronger, too, with a CTM-owned and -operated location in the urban heart of this strategically key country.”
The expansion is the second this year for CTM following its acquisition of Safe2Travel in Singapore, in April 2022.