'Fragmented' tourism sector lacks economy of scale – report

More Kiwis 'reprioritising' and heading offshore. (Image: BusinessDesk)

Tue, 25 Jul 2023

Mergers and acquisitions could be a prominent feature of the tourism landscape over the coming year as operators recover from the covid hangover and build ‘economies of scale’.A new report by Westpac also suggests there’s room for consolidation in what is a highly fragmented and often cash poor sector. This could mean developing a “tourism ecosystem”, with capability built through acquisition, joint ventures or strategic alliances providing access to new technology and enabling more personalised tourist needs.Pre-c...

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