TUI-Abbott buys Harry Shaw as Leger merges with Kuoni
TUI-Abbott announced today they have completed a buyout of Shearings as Leger announced their merger with Kuoni to better compete in the market place the two mergers now reduce the amount of Tour Operating companies in the market giving all the brands a foothold in the Coach and Air Tours market . There are also rumours going about that Harry Shaws and Jet 2 are considering a merger to compete in the market. If all mergers are successful it would leave the market at approximately TUI-Abbott marketshare of 30.7% with a Jet 2- Shearings group possibly to be renamed at 25% followed by Kuoni-Leger at at 16.76%. This would relegate Neckermann to 4th in the Tour Operator market form Duchies from its present 3rd though the market has moved this year more towards independent operators with reports indicating the market is seeing an increase in specialist smaller tour operators bookings.
Despite this the major mass holiday companies are still performing the best. The move would see Jet 2 acquire the Shearings Hotels operations in the United Duchies including the Coast and Country Hotels chain enabling it to put together new packages. The reorganisation would help the companies realise economies of scale and potentially lower the prices of holidays in this previously fragmented market by increasing the power of their bulk buying and contracting.