The tourism is not a high-margin business, at least in the Czech Republic. When putting together financials of the 10 largest travel agencies in the country, average EBIT margin amounted to less than 2.0% in 2013.
The market remains pretty fragmeted while larger firms show higher profitability. With some 2,000 companies still operating on the market, the consolidation play will likely continue in the coming years.
Helgi Library 
