TRAVEL business technology consultant Jazoodle predicts 2016 will be the year of consolidation in the industry.
The company, led by former Qantas and Amadeus executive Andrew Paton-Smith launched its eMerge solution in June 2015, as reported in Travel Daily (24 Jun 2015). In the retail leisure space, Jazoodle says consolidation will be driven by pressure on margins, increased volumes, as well as an ageing agency demographic.
“Consolidation has been seen in other markets, particularly in the USA and UK, and now the forward activity we are seeing in Australia certainly means that the appetite for agency acquisition and conversely divestment is extremely high,” Paton-Smith said.
“We believe that 2016 will bring some eyebrow raising ‘coming togethers’,” he said. eMerge is available in Australia and New Zealand and is a resource for all businesses looking to grow from acquisition, or owners looking to sell and maximise their business value.
