Horst Baier, chief financial officer at TUI Group, has left the company after 22 years, including almost 11 years as an executive board member.
Shares in TUI Group fell by more than eight per cent this morning after the company saw profits fall for the third quarter. The tour operator said underlying EBITDA fell to €294 million in the three months to June 30th, down from €318 million a year ago.
TUI is leading the way for holidaymakers to be able to reach out to a TUI trained local expert while on holiday. Whether it’s to ask what time their coach pick up is or find out about the excursions on offer, they can do so from the comfort of their sunbed or while strolling to dinner via the brand new direct messaging service on the TUI app.
TUI Group has confirmed it will invest in another new-build for its Hamburg-based subsidiary Hapag-Lloyd Cruises. The management of the cruise company signed a contract for another ship with the Norwegian Vard shipyard earlier.
With the sixth ship in the Marella Cruises fleet taking to the water over the weekend, TUI chief executive Friedrich Joussen has made no secret of his ambitions for the sector. Speaking to the press on board the Marella Explorer, he here tells Breaking Travel News editor Chris O’Toole about the ship and what it will bring to the European cruise market.
Multi-platinum selling and award-winning recording artist Craig David has dazzled employees, suppliers and media at an exclusive ceremony to celebrate the launch of Marella Cruises’ newest ship, Marella Explorer, in Palma, Majorca.
The seasonal underlying EBITA loss at the company was improved by 26 per cent, to €158.6 million, including several one-off effects. “We continue to deliver growth, all trends remain intact, and our very good trading performance for summer 2018 fully matches our expectations,” said TUI Group chief executive Fritz Joussen.
Only two years ago, TUI Group launched its new lifestyle hotel brand TUI Blue. The youngest hotel subsidiary has since played a crucial role in delivering the group’s growth roadmap in this segment.