Based on the latest industry intelligence, there is strong evidence that in 2018 we will continue to see significant M&A transactions in the travel sector, whether they be OTAs, retail operators, tour operators, travel management companies or consolidators. This fact is due to a number of factors, including (i) growth of the economy overall, (ii)significant capital waiting to be invested, (iii) the ever-increasing cost and complexity of doing business in this industry and (iv) increased competition (the latter two are factors fostering cons
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