Stagecoach takes bite of Big Apple

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Stagecoach, which operates hop-on, hop-off double-decker Gray Line sightseeing buses in New York, is to take 50% control of arch-rival CitySightsNY.

The move marks a mini-expansion for Stagecoach in the US, which has previously proved something of a graveyard as its American interests brought the group to its knees earlier this decade.

Stagecoach said it is taking on CitySights even though it admits "recent trading in the New York sightseeing market has been adversely affected by poor economic conditions and a weaker tourist market characterised by reduced hotel occupancy rates and lower airline traffic".