Tui Group News
TUI Group and Etihad Aviation Group terminate joint venture negotiations
TUI Group and Etihad Aviation Group will not continue their negotiations about the planned joint venture between the German aviation subsidiary TUI fly and Niki.
Cruise focus drives up revenue at TUI Group
TUI Group continued to deliver its transformation in the first half of 2016/17, as the integrated tourism business focussed on its hotel and cruise brands. Overall, the group delivered strong turnover growth and an improved operating result.
Ebel has TUI AG board tenure extended to 2020
The supervisory board at TUI AG has extended the tenure of Sebastian Ebel as member of the executive board by three years to November 2020. Ebel was appointed a member of the board of the world’s number one tourism group in December 2014 for a term expiring in November 2017.
TUI Group expands presence in China with new CTS Group deal
TUI Group is strengthening its presence in China, with the joint venture with the Chinese CTS Group extended by 15 years to 2033. TUI China was established by CTS and TUI in 2003, with the new deal revealed as TUI Group chief executive Fritz Joussen visits to China.
TUI reveals mid-haul holiday collections for summer 2018
The UK’s leading holiday companies, Thomson and First Choice, have announced their summer 2018 holiday line-up with an expansion of their mid-haul holiday collections following a rise in holidaymakers looking for destinations a little closer to home.
TUI Group publishes Better Holidays, Better World sustainability report
TUI Group has published the 2016 progress report for its sustainability strategy Better Holidays, Better World. The data in the report suggests that 2016 was the year that sustainable tourism became mainstream.
Thomson Cruises launches summer 2018 programme
Thomson Cruises has unveiled its summer 2018 programme which sees TUI Discovery based out of the UK for the first time, as well as the addition of 15 new ports of call, including Monaco, Ancona and Skiathos Town, and 12 brand new itineraries.
TUI shuffles leadership as Schwanke steps up to Robinson Club role
Mike Schwanke will become managing director at Robinson Club from May, joining the company from his current position as director sales at TUI Cruises. He will jointly manage the quality and market leader for premium club resort holidays with managing director Bernd Mäser.
TUI Group narrows losses in first quarter
TUI Group has delivered growth in turnover at the start of financial 2017, while the seasonal quarter one loss at the travel giant was also reduced year-on-year. On a constant currency basis, underlying EBITA rose by 17 per cent to a loss of €66.7 million in the period from October to December.
TUI Group sells Travelopi to KKR for £325m
TUI Group has reached an agreement with private equity firm KKR to sell Travelopi for £325 million. The deal values Travelopi at 14.4 times its 2016 underlying EBITA and 7.7 times its underlying EBITDA.
TUI launches travel.me content hub
TUI Group has launched a new content hub: travel.me. The portal aggregates content of the world’s number one tourism group to enhance its visibility and searchability on a joint platform.
Cape Verde welcomes first adults-only hotel
Cape Verde has seen the soft launch of its first adult-only hotel and luxury beach club, Bikini Beach. Developed by the luxury resort hospitality company The Resort Group, the hotels will welcome the first guests on December 18th. Located on the white sands of the island of Sal, Cape Verde, the new developments offer total bliss and relaxation.