Hint: the itertools module is super-useful. One function in particular, itertools.groupby, might come in really handy here:
itertools.groupby(iterable[, key])
Make an iterator that returns consecutive keys and groups from
the iterable. The key is a function computing a key value for each
element. If not specified or is None, key defaults to an identity
function and returns the element unchanged. Generally, the iterable
needs to already be sorted on the same key function.
So since strings are iterable, what you could do is:
use groupby to collect neighbouring elements
extract the keys from the iterator returned by groupby
join the keys together
which can all be done in one clean line..