ALSA Market Overview
ALSA holds the market-leading position in the regulated and highly segmented bus and intercity coach market in Spain and is the leading urban transport operator in Morocco, operating in six cities in the country. Three levels of government regulation apply in Spain: national (long-distance coach), regional (regional coach) and city (urban bus). Each concession is exclusive to the operator, based on compliance with the public service obligation. Intercity competition comes from state backed rail and low cost airlines. Bus and coach concessions are awarded through competitive public tender, typically every 10 years.
Business review:
Market size
€4.2bn
Passengers
368m
- 174 concessions: 119 intercity coach concessions (21 long haul and 98 regional), 38 urban bus contracts, 17 others
- Concessional renewal process restarting
- New contract wins in Spain and Morocco
- Revenue management generating passenger and revenue growth in Spain
- Continuing urbanisation of the Moroccan economy with rapid migration to the major cities
- Building scale and services in Switzerland
- Further bolt-on acquisition opportunities