ACCC not to oppose S8 travel industry acquisitions
The ACCC will not intervene in the recent and proposed acquisitions by S8 Limited in the travel industry, ACCC chairman Graeme Samuel says.
S8 acquired Harvey World Travel in late 2005 and recently acquired Transonic Travel, Travelscene and Gullivers Travel Group.
“The ACCC considers that the recent and proposed acquisitions are unlikely to substantially lessen competition in markets for the provision of travel retail services, travel wholesale services, for example tour packages and ticket consolidation services in Australia,” Samuel says.
He adds that the ACCC formed the view the market is not heavily concentrated, barriers to entry are not high and there is evidence of new entrants.
“In addition customers have strong countervailing power, and online retailers compete vigorously with shop front travel retailers. As a result, consumers are unlikely to face higher prices.”
Graham Muldoon
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent