Kpmg News

KPMG warns 2012 could be make or break year for tour operators

KPMG warns 2012 could be make or break year for tour operators

A number of UK travel companies and tour operators will struggle to survive in 2012 unless they radically change their business models and adapt to a fundamentally new market environment, a report from KPMG warns. The phenomenal rise of low cost carriers, online travel booking and the challenging economic backdrop, combined with fuel and Air Passenger Duty increases could make 2012 one of the most challenging years yet.

Transport industry set for further consolidation

Transport industry set for further consolidation

15th Mar 2011 Airline News Rail News

Low interest rates, high fuel prices and globalisation are combining to make the transport industry set for another wave of mergers and acquisitions, according to analysis by KPMG. Companies likely to undergo consolidation or sales include Virgin Atlantic, Ferrovial and Aer Lingus.