Lower prices predicted as travel giant enters Namibia

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Namibian travellers are set to benefit from lower prices with the entry into the market by Flight Centre Travel Group (FCTG), the largest travel company in South Africa.

Senior Account Executive of Flow Communications Edwin Reichel on Thursday said the group will open a branch in Namibia’s capital Windhoek on Jan. 12, the first time the firm will expand outside South Africa.

According to Reichel, the group will enter Namibia and operate as a hybrid, servicing both leisure and corporate clients, the first of its kind in the country.

Managing Director of FCTG Andrew Stark predicts that the group’s entry into the market is likely to increase competition, leading to lower prices.

FCTG boasts a 20-percent market share in South Africa as well as owning over 175 businesses, with an annual turnover of over 424 million U.S. dollars.

The company is wholly owned by its parent company, also named Flight Centre Travel Group, headquartered in Australia. Enditem.

Source: Xinhua/NewsGhana.com.gh

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