VELTRA CorporationJP:7048Stock Price

Market cap
¥7B
P/E ratio
20.7x
VELTRA connects travelers with local tour operators in 150 countries, offering online booking for cultural experiences, food tours, and activities worldwide.

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Business Overview

Beltra operates "VELTRA," an online booking platform specializing in local experience-based optional tours across 150 countries worldwide. The company contracts directly with approximately 9,000 tour operators and provides a wide range of services including sightseeing tours, cultural experiences, food tours, entertainment, museums, cruises, restaurants, spas, golf, and marine sports.

Travelers search for tour information on "VELTRA," register as members, and make reservations. Bookings are submitted to tour operators through Beltra, and upon confirmation, a voucher is issued. Travelers present this voucher to participate in the tour and can post reviews after completion. This allows travelers to complete their entire booking and experience journey online.

Beltra operates a single travel-related business segment and generates revenue primarily from its Online Travel Agent (OTA) business and tourism IT business. The OTA business generates revenue through tour bookings on "VELTRA" and "Hawaii Activities," while the tourism IT business provides IT infrastructure to tourism-related businesses.

Beltra's strengths include offering diverse local experience tour products domestically and internationally, along with proprietary marketing capabilities and product planning expertise leveraging IT. The company maintains a diverse product portfolio and rapidly delivers products tailored to traveler needs. Additionally, it advances real-time availability confirmation through API integration and continues to improve user-friendly UX/UI.

Furthermore, based on traveler reviews and feedback, Beltra works with tour operators to improve products and services. The company offers incentive programs including point rewards and review posting bonuses to enhance traveler loyalty. Beltra also supplies IT infrastructure to travel-related companies and provides B2B2C systems.

Management Policy

Beltra leads the tourism industry with a vision to "create a better world by caring for people and standing alongside them." The company aims to grow together with all stakeholders, including travelers, business partners, and shareholders, while providing compelling travel experiences to visitors worldwide.

The company's growth strategy is primarily based on two business segments: the Online Travel Agency (OTA) business and the Tourism IT business. The OTA business generates revenue through online booking platforms for local experience tours, including "VELTRA" and "Hawaii Activities." The Tourism IT business provides IT infrastructure to tourism-related operators and generates revenue from these services.

Beltra leverages a network of approximately 9,000 tour operators to offer over 20,000 high-quality activity products. This approach has enhanced customer satisfaction and built a member base of approximately 2.5 million users. Going forward, the company plans to expand new services based on "experiences" and "interactions" beyond traditional travel, while diversifying its revenue models.

The company is also strengthening its domestic travel business. As inbound travel demand recovers rapidly, Beltra is expanding its domestic travel operations to improve revenue generation. Additionally, the company aims to improve operating profit margins through revenue expansion in the OTA business and operational efficiency improvements.

Beltra prioritizes product development aligned with customer needs. To respond to changes in traveler destinations and demand patterns, the company is strengthening relationships with tour operators and advancing system integration. This enables the company to offer unique and attractive products while securing adequate inventory.

Human resource development and workplace environment improvements are also key priorities. The company is recruiting and developing talented employees while implementing measures to maximize organizational performance. Initiatives include building evaluation and compensation systems and creating work environments that accommodate diverse working styles.

The company emphasizes technological innovation. By leveraging customer data, Beltra aims to provide optimized products and services. The company continues investing in necessary technologies to improve operational efficiency, reduce costs, and enhance profit margins.

Beltra is also strengthening corporate governance and risk management. The company enhances the supervisory function of the board of directors and ensures strict legal compliance to increase corporate transparency and credibility. The company is improving internal control systems and strengthening risk management to build a sustainable business foundation.

Finally, the company is focusing on strengthening compliance systems and information security. Employee education on the importance of legal compliance continues, and system security enhancements are ongoing. These efforts establish the foundation supporting sustainable growth.