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Article: Merge for growth, tour operators and hoteliers told

Article from:
New Straits Times
Article date:
June 5, 2007
Author:
Copyright

Roziana Hamsawi
New Straits Times
06-05-2007
Merge for growth, tour operators and hoteliers told
Byline: Roziana Hamsawi
Edition: Main/Lifestyle
Section: Business Times
Type: News

TOUR operators and hoteliers should merge or buy rivals to grow amid an increasingly competitive global tourism market, said United Nations World Tourism Organisation assistant secretary general Geoffrey Lipman.

"International strategic alliances, mergers and acquisitions offer a cost-effective way to grow and to keep competitors out, in an industry which relies on a wide range of services to deliver the complete product."
He said this in his keynote address at the World Tourism Conference in Kuala Lumpur yesterday.

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