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August 17, 2019 | |Post a Comment

first_imgSource = e-Travel Blackboard: G.A The proposed merger between Stella Travel Services and Jetset Travelworld Group (JTG) looks set to go as the Australian Competition and Consumer Commission (ACCC) today announced it would broke no opposition to the partnership.”The ACCC conducted an extensive review of this transaction to ensure that it would not adversely impact Australian travellers,” ACCC chairman Graeme Samuel said.”After looking very closely at the issues, the ACCC found that the merged Jetset-Stella entity and its member agents are likely to face continued and increasing competition from online travel agents, direct supply by airlines and hotels, and the largest travel retailer in Australia, Flight Centre.”The Internet has dramatically affected the way competition works in the travel industry as more and more customers look online for the best deals,” Mr Samuel said.”As a result, not only are traditional bricks and mortar agents forced to compete harder on price and service to attract customers, but airlines, hotels and tour companies also have new ways of reaching those customers. In this context, the Jetset-Stella merger is unlikely to substantially lessen competition.”last_img read more