Si Holidays facing uncertain future

Question mark heap on table concept for confusion,

It’s never a good feeling to write a story about a wholesaler facing uncertainty, but such is the nature of the game.

Si Holidays has confirmed the company is in takeover talks with another wholesaler, based in Australia.

Due to NDA requirements, Si Holidays is not at liberty to announce the incoming party, however, can advise details will be released in the immediate future.

Talks have commenced owing to the recent challenges faced by Si Holidays in a consolidating market and high operational cost environment which has affected the company.

Managing Director, Tui Eruera said “The travel wholesale market has proven to be very challenging environment and consolidation seems like the logical step forward for the company.”

Eruera also adds, “It is no secret that we have experienced several customer service issues over the past three months.

“This is predominately down to our recent implementation of VCC and the move to source all product dynamically.

“Our pursuit of automation within the business has proven costly and a takeover will bring the required boost back to the business to continue this pursuit.”

Last week Si Holidays announced a host of trading changes to begin the process of bringing the business inline for the incoming party.

More changes will follow over the next eight weeks to allow a seamless transition upon a successful deal.

The move follows a series of acquisitions and mergers in the industry, the most recent being Helloworld acquiring Magellan.

As well as this, Flight Centre gobbled up a number of shops last year, including Travel Managers Group and Travel Partners.

Just yesterday, Scenic Luxury Cruises and Tours scooped up US-based Mayflower Cruises and Tours.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

acquire closed Si Holidays takeover

Latest News

  • Partner Content

My journey: Before becoming a travel agent I was… a palliative care nurse 

Australind Travel & Cruise, Travellers Choice member Saibra Twigg reveals her life as paediatric nurse then to palliative care before a career leap to travel agent. How did you become a palliative care nurse?  ST I went straight from school in nursing and initially specialised in paediatrics, working at Perth’s Princess Margaret Hospital for Children. […]

Partner Content

by Travel Weekly

Travel Weekly
  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]