What does this mean for us as consumers? Both companies are good in their domains, with Travelstart very strong in providing low-cost airline tickets and Club Travel stronger in the corporate market. This acquisition by the founder of Travelstart Stephan Ekbergh makes perfect sense in growing its market share in a very competitive market.
“The deal is still subject to approval by the Competition Commission and no operational strategies have been put in place, the aim is for Travelstart to purchase 100% of the shares for the Club Travel Group. Thebe Tourism will then reinvest in Club Travel Corporate as the majority shareholder with Travelstart holding 46% of this division’s shares” [source tnw]
All the best to Travelstart and Club Travel. Let us see how this will affect us at Book Cheap Tickets.